What Coverage Does a PAP Provide for a Rental Car?
Would liability and physical damage coverages cover a rental car? Would there be a coverage gap in loss rentals?
Auto
What Is an Agency’s Responsibility If an Insured Doesn’t Want to File a PAP Claim?
The insured does not want to submit a claim because they are adamant the accident was not their fault.
Auto Insurance Rose 15% in First Half of 2024
Underwriting losses of $17 billion last year drove 2024’s first half-increases, according to data analysis from Insurify, which predicts rates will increase a total of 22% by the end of the year.
Two-Way Street: Technology’s Impact on Safety and Claims
Driver assistance systems are decreasing the number of accidents, but the complex technology increases the costs and time to repair a car—making agents’ communications with clients all the more important.
Auto Claims Severity Up Significantly Since 2020 With No Sign of Slowing
Risky driving patterns continue to rise with instances of speeding, driving under the influence and distracted driving all increasing in 2023, according to LexisNexis.
Most Americans Do Not Fully Understand Their Insurance Coverage
The Trusted Choice® survey revealed that while most U.S. insurance consumers don’t fully understand the policies they have purchased, 86% believe they do.
The 1990s Are Classic: Protecting Modern Collector Cars
The ‘90s have officially achieved classic status.
Half of Auto Insurance Consumers Are Shopping for New Policies
The increase in auto insurance shopping is prompted by soaring auto insurance costs, with a 22.2% year-over-year increase in the average cost of auto insurance through the end of February.
Distracted Driving on the Rise Among Personal and Commercial Drivers
The latest driving behavior survey from Nationwide revealed that both personal auto and commercial drivers partake in risky behaviors that impact all drivers on the road.
U.S. P&C Underwriting Losses Hit 10-Year High of $38 Billion
In addition to $65 billion in CAT losses, AM Best analysts also said both economic and social inflation played large roles in property & casualty losses.
