auto insurers News

Consumer Groups Say Some Auto Insurer Lockdown Rebates Are Too Small

Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp, are short-changing customers on premium rebates as Americans drive less due to stay-at-home orders aimed at curbing the coronavirus outbreak. …

Auto Insurers Return Money to Customers During ‘Unprecedented’ Driving Slump

Auto insurers Allstate Corp. and American Family Insurance are returning some money to customers as widespread shutdowns across the U.S. from the coronavirus cut down on driving. Allstate expects to give back more than $600 million, with personal auto customers …

New Laws in Calif., Colo., Mich., Ore. and La. to Impact Claims Professionals

Legislation that creates potential for more employment law claims in California and a measure that may give attorneys a new tool to extract larger settlements from Colorado auto insurers are among new laws that will impact insurance claims professionals in …

Michigan Bill to Reduce Auto Insurance Premiums is in Peril

Legislation to reduce Michigan’s high auto insurance premiums by letting drivers opt out of mandatory unlimited medical coverage is in peril, with majority Republicans lacking enough support to pass it on their own and many Democrats pushing an alternative plan. …

Arizona Governor Vetos Bill Allowing Insurers to Drop Drivers

Arizona Gov. Jan Brewer has vetoed a bill that would have allowed insurance companies to drop drivers from their coverage if their car was driven mostly out of the state. The bill would have affected college students and snow birds …

New York Auto Insurers Allegedly Using Unfair Rating Factors

New York’s largest auto insurers factor in a motorist’s education level and occupation when calculating policy rates, charging blue-collar workers more than college-educated professionals, a consumer watchdog group reported Thursday. The analysis by the New York Public Interest Research Group …

Michigan Drivers’ Catastrophic Claims Fee to Remain $186

An agency that charges Michigan drivers for the cost of caring for people catastrophically injured in crashes says the fee they pay will remain unchanged at $186 per year. The Michigan Catastrophic Claims Association announced Wednesday that the assessment for …

Auto Insurers See Assessment Increase in Michigan

Auto insurers in Michigan will begin paying more to cover the cost of personal injury protection (PIP) benefits gauranteed under Michigan’s no fault insurance law. Beginning July 1, the assessment paid by auto insurers to the Michigan Catastrophic Claims Association …

Auto Insurers’ Driver Tracking Hits Wall in California

California is turning into a battleground for technology that allows auto insurers to track their customers’ driving behavior and offer them lower premiums, but that privacy advocates reject as an excessive intrusion with serious consequences. Insurance companies are increasingly installing …

State Legislation Makes Headway in Battle Against Fraud

Lawmakers in several states are trying to squeeze crash rings that bedevil auto insurers with bogus injury claims in several heavily populated states. Thwarting shady wheel deals thus forms a marquee legislative trend for 2012, given the billions of dollars …