auto insurance News

Viewpoint: The Path to Greener Claims, Leaner Costs, and Reduced Repair Expenses

The increasing emphasis on incorporating sustainability initiatives to fight climate change and ensure a greener world for future generations has led many organizations across various industries to reevaluate their practices. These efforts are, in part, attributed to increasing consumer pressure …

Report: U.S. Consumers Continue Switching Auto Insurance at Higher Rates

A report on the first quarter of 2024 shows a continued surge in new auto insurance policies, indicating that U.S. consumers are switching providers at higher rates. LexisNexis issued its Insurance Demand Meter report this week. It advises carriers to …

Staffing Shortages, Reduced Safety Training Fuel Risks for Company Drivers

Increased distractions, staffing shortages, and safety risks mean that 60% of company drivers are worried about their personal safety and liability behind the wheel. Over half have been involved in or witnessed an accident in the past year. According to …

NerdWallet: 1-in-5 Polled Say They Lied on Insurance Application

A new survey shows one-fifth of respondents admitted to intentionally providing incorrect information on an insurance application. NerdWallet and The Harris Poll conducted an online survey of more than 2,000 U.S. adults. It shows 21% have admitted to intentionally providing …

Lawsuit: Tesla’s Autopilot Caused Fiery Crash into Tree, Killing Colorado Man

The widow of a man who died after his Tesla veered off the road and crashed into a tree while he was using its partially automated driving system is suing the carmaker, claiming its marketing of the technology is dangerously …

Protecting Insurance Employees from What’s Inside the File

Insurance companies play a crucial role in providing financial protection and support to individuals and businesses in their time of need. When it comes to handling claims for catastrophic injuries or death, they must also ensure that their employees are …

Berkshire’s ‘Most Important’ Biz Drives Q1 Results; GEICO Still Behind on Tech

Berkshire Hathaway continued to deliver eye-popping results for its insurance and reinsurance operations during the first quarter of 2024, with underwriting profits for personal auto insurer GEICO and reinsurance operations topping any prior first quarter in the last decade. Across …

Swiss Re: Auto Insurance Price Rises to Decelerate as Claims Inflation Eases

Auto insurance price rises are expected to decelerate from current heights as claims inflation eases, according to a new economic analysis from Swiss Re. With more adequate pricing returning, competition in auto insurance is beginning to intensify, leading to expectations …

New Vehicle Registrations in California Rose, While Tesla Registrations Dropped Again

The first quarter of the year saw the sixth straight quarterly increase (.7%) in overall registrations in California in the first quarter from the same period last year, while the state’s love affair with Tesla’s may be getting old, the …

US to Require New Cars to Have Emergency Braking Systems by 2029

Nearly all new passenger cars and trucks sold in the United States will be required to have automatic emergency braking systems by September 2029, the National Highway Traffic Safety Administration (NHTSA) said on Monday, saying that the rule will save …