Kentucky is the latest state to sign into law model provisions written by the National Association of Insurance Commissioners (NAIC) to protect consumer data that is provided to insurance carriers. The Insurance Data Security Model [...]
Tesla Insurance, which last month began underwriting its own policies in three states, could pose a challenge to traditional auto insurers in the long term, according to analysts at Morgan Stanley. As reported by Reinsurance [...]
The nation’s largest auto insurers are paying their top executives “massive salaries and bonuses,” even as they continue to seek higher premium payments from consumers, according to a review by the Consumer Federation of America [...]
Average Length of Rental (LOR) for collision-replacement rentals in the first quarter of 2021 increased by 4.9 days from 2021, continuing a “trend of unprecedented industry increases,” Enterprise Holdings said in a quarterly report issued [...]
Allstate has announced it plans to raise its rates throughout 2022 because of an increase in the number of physical damage and bodily injury severity claims, while Chubb, another major U.S. auto insurance carrier, didn’t [...]
Last year’s acquisition of Auto Glass Now (AGN) and continuing growth in the glass replacement market have boosted the revenues of Driven Brands, the company’s president and CEO, Jonathan Fitzpatrick, told investors on Wednesday. Jonathan [...]
Ford has applied for a tank turn patent that would give its trucks the ability to move each axle in opposite directions simultaneously, much like a military tank can be maneuvered in and out of [...]
A federal judge in Miami has approved class-action status in a lawsuit accusing a subsidiary of American Family Insurance of improperly collecting a cancellation fee that was not mentioned in their policies. The class includes [...]
The National Association of Insurance Commissioners (NAIC) insurance complaint data shows that the No. 1 complaint from insurance policyholders is claims handling delays and that all of the top five most complained about insurance processes [...]
Young drivers are concerned about the use of telematics by auto insurers, even as voluntary enrollment in data-driven premium plans has grown, a survey of drivers under 30 in the United Kingdom has found. The [...]
