personal auto News

Analysts Predict Trouble Ahead for Personal Auto as Claims Volume Returns to Normal

Insurers are making a bundle on personal auto because claims have plummeted, but the long-term outlook for the line isn’t so rosy, analysts say. Fitch Ratings last week reported that the short-term performance for auto insurers is “unsustainable, and we …

Auto Claims Decline 40 to 50% as Consumers Stay Home, Snapsheet Says

Insurers are reporting a 40 to 50 percent drop in claims volume for personal auto and a 30 to 40 percent reduction for commercial auto due to the coronavirus pandemic, an executive for claims-automation provider Snapsheet said Tuesday. Chief Operating …

NICB Questional Claims Rise 27% Since 2010, Most From California

In its annual look at questionable claims (QC) in the United States, the analysis released today by the National Insurance Crime Bureau (NICB) reports that in the three-year period from January 1, 2010 through December 31, 2012, there was a …

Florida Suspicious Claims Rise 34%

The National Insurance Crime Bureau (NICB) released its 2010 questionable claims (QC) report for Florida based on referrals received from January 1, 2008 through December 31, 2010. During this period, a total of 22,679 QCs came from Florida and 84% …