Does Child Listed on Parent’s PAP Have Rental Car Coverage?
Does only the named insured have liability coverage extended by the standard ISO personal auto policy or would a named driver also have coverage?
Personal Lines
Legal Reforms Begin to Ease Insurance Costs for Consumers
After years of rising insurance costs driven in part by legal system abuse, litigation financing and nuclear verdicts, tort reform is beginning to translate into lower premiums, rate reductions and direct savings for consumers.
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.
How Long Should Carrier Remain on Risk After Terminating Agency Contract?
If an agent in New York no longer represents a carrier, how long does the carrier need to remain on the customer’s risk for auto, home and umbrella?
New York Tackles Auto Insurance Fraud and Legal System Abuse
The bills signed into law last week address some of the core factors that have driven exorbitant auto insurance premiums in New York.
Why Summer Brings an Increase in Personal Auto Claims
Many drivers assume summer road risks come from major crashes or severe weather—but most claims actually arise from minor, inconvenient, and largely preventable incidents.
Top 5 Most-Read Articles in Independent Agent in May
May brought news of moderating pressures in the long-suffering personal lines space, with early signs that increases in reconstruction costs and personal auto premium hikes may be beginning to slow.
Half of Personal Auto Policies Were Shopped in Past Year
As personal auto policy shopping reached historic highs, distracted driving also increased, especially among older drivers.
Reconstruction Costs Decelerate as Personal Lines Premium Increases Slow
While every state saw residential and commercial reconstruction costs increase, premiums for personal auto and homeowners policies show signs of deceleration.
How Independent Agents Can Advocate for Safer Roads
Nine in 10 drivers are seeing more aggressive, reckless and distracted driving. The good news is independent agents are uniquely positioned to influence driving behavior with both clients and lawmakers.
