Auto Insurance

A survey by Chubb reveals that older generations are more cyber-savvy than their younger counterparts, employing better cyber practices and recognizing the value of personal data. This article discusses the generational divide in cybersecurity awareness and provides tips for enhancing personal cybersecurity.

The article discusses the growing issue of insufficient auto insurance coverage in the U.S., highlighting the increasing underinsured motorist rates and the impact of the pandemic on claim frequencies. It emphasizes the importance of adequate insurance coverage and provides practical advice for readers.

Recent advisories from two U.S. Treasury agencies – the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) – indicating that companies paying ransom or facilitating such payments to cyber extortionists could be subject to federal penalties are a reminder of the importance of good cyber hygiene.

The COVID-19 pandemic has led to a significant reduction in the number of miles driven, putting pressure on auto insurers to rebate premiums or provide offsets. State regulators and insurers are taking steps to aid consumers, but public pressure is increasing. Data shows a reduction in premiums, and consumers are advised to review their policies and contact their insurers for potential savings.

The Insurance Information Institute estimates that U.S. auto insurers will return over $10 billion to customers, providing significant financial relief amidst the COVID-19 pandemic. This article explores the reasons behind this decision, its impact on policyholders, and offers practical advice for consumers.

A study from finder.com reveals that 35 million Americans have lied on an insurance application, with car insurance being the most common category for falsehoods. The study also found gender differences in lying on insurance applications and the serious consequences of lying.

The COVID-19 pandemic has led to a significant reduction in driving and accident claims, prompting auto insurers to return approximately $14 billion to policyholders. This article delves into the numbers and provides insights into the future projections for the industry.

This article delves into the financial challenges faced by personal auto insurers in the U.S., examining the factors driving increased losses and the impact of pandemic-related trends on auto insurance rates.

This article discusses the complications in auto repairs due to crash-avoidance features but highlights the high owner satisfaction with these technologies.

This article delves into the concept of social inflation and its significant impact on commercial auto liability claims, drawing on a study by Triple-I and CAS. It discusses the challenges of quantifying social inflation and its broader economic implications, offering insights for informed decision-making.

A study reveals the mixed impact of marijuana legalization on car crash rates, with significant variations across states. The research highlights the need for caution and further investigation into the effects of marijuana use on driving abilities.

This article delves into the importance of rating factors in auto insurance, debunks misconceptions from a 2017 ProPublica study, and offers insights on how to make the most of your auto insurance policy.

This article discusses the state-by-state auto insurance affordability rankings provided by the Insurance Research Council, the impact of recent reforms, and the challenges of addressing affordability for underserved communities.

Michigan's no-fault insurance reforms have led to significant cost savings for drivers, but legal challenges threaten to reverse these gains. This article explores the impact of the reforms on premiums and uninsured drivers, the ongoing legal battles, and offers practical advice for readers.

This article discusses the alarming rise of distracted driving, its impact on the insurance industry, and how telematics can be a game-changer in reducing this risk.

This article discusses how digital tools have boosted insurance agency revenues but also highlights the slowing adoption due to cybercrime concerns. It emphasizes the need for agencies to balance digital growth with robust cybersecurity measures.

The COVID-19 pandemic has led to a record-high customer satisfaction with auto insurance claims, driven by improvements in service delivery and cycle times. This article explores the key findings of the J.D. Power study and what it means for the future of auto insurance.

Auto insurers are seeing improvements in several key metrics, but premium rates are expected to remain high due to persistent risky driving behaviors and economic factors. Telematics offers some relief by helping to lower risk and reduce insurance costs.

This article discusses Florida Gov. Ron DeSantis's proposed insurance fraud and legal system abuse reforms, which aim to address the state's insurance crisis by eliminating one-way attorney fees and assignment of benefits for all lines of insurance.

This article discusses the potential negative impact of class action lawsuits filed in Nevada against auto insurers on policyholders. It explores the financial impact of the pandemic on the auto insurance industry and the complexities of auto insurance claims.

This article discusses the increased cyber threats during the COVID-19 pandemic, focusing on the vulnerabilities of small businesses and the impact of remote work. It provides practical tips for enhancing cybersecurity and offers recommendations for readers.

This article discusses how the return to pre-pandemic driving levels, higher accident rates, and supply chain disruptions are impacting auto insurance rates. It also highlights the current state of the auto insurance market and provides useful tips for consumers.

The COVID-19 pandemic has led to a significant increase in comfort levels with usage-based insurance (UBI), driven by the role of telematics in offering refunds to policyholders during lockdowns. This trend is likely to continue, offering potential savings and a more personalized insurance experience for drivers.

This article explores how the COVID-19 pandemic has influenced consumer perception of auto insurance, focusing on premium refunds, telematics, and fraud.