US auto insurers are coping with the largest direct loss ratio in 20 years because of factors that include historic inflation, a deterioration in driving behavior and sky-high jury awards, the American Property and Casualty Insurance Association says in a …
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 …
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 …
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 …
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% …