Legislation to Crack Down on Staged Accidents Introduced
The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.
The bill would help deter insurance fraud, reduce unnecessary litigation costs and ease the pressure of rising insurance premiums.
The bills signed into law last week address some of the core factors that have driven exorbitant auto insurance premiums in New York.
This end-of-year episode of Agency Nation Radio is brought to you by the editors of Independent Agent magazine. Will Jones, editor-in-chief, hosts the discussion and is joined by Olivia Overman, content editor, and AnneMarie McPherson Spears, news editor.
Throughout the year, the Big “I” and Independent Agent magazine have been hard at work, examining emerging market trends and helping you be there for your clients with the latest insights.
Trucking companies faced $165 million in nuclear verdicts in 2023, with an increasing trend of thermonuclear verdicts. Mounting costs from these large verdicts present significant challenges for the commercial auto insurance market.