Auto Insurance Shopping Up 12%
With the consumer price index for auto insurance rising 17%, shopping rates were driven by consumers searching for lower premiums, as well as an increase in new car sales.
Auto
The Drive Toward AI in the Commercial Auto Insurance Market
The use of technology continues to revolutionize most industries, with improvements in artificial intelligence (AI) having a direct impact on the trucking industry.
A Chaotic Commercial Auto Market Leaves a Seat for Agents
While underwriting losses have plagued the commercial auto insurance market for over a decade, the market is projected to continue to grow.
Removing Separated Spouse from PAP
An insured is separated from her husband and wants to stop paying the premium for the vehicle he drives. If an accident were to occur, would she be liable for anything pertaining to the policy or accident?
Is BAP UM/UIM Coverage Applicable When Driving an Unlisted Vehicle?
After a fatal accident in which the victim was hit by an underinsured driver while driving an unlisted tractor, the carrier says uninsured/underinsured motorist coverage does not apply.
Westfield Unveils MissionSafe® Safe Driving Rewards Program
MissionSafe engages auto insurance customers to enhance safe driving practices while earning a discount.
Customers Move to Usage-Based Insurance as Auto Rates Surge
Nearly one-third (31%) of U.S. auto insurance customers have seen their rates increase in the past year, leading to the largest decline in customer satisfaction in 20 years.
Companies Pull Back from Property and Auto Insurance Markets
This week, Nationwide announced it is pausing writing business in certain lines of insurance, joining the list of insurers who have withdrawn from markets.
When Is the Removal of a Vehicle From a PAP Effective?
If an insured requests to remove a vehicle from their personal auto policy on the day it was sold, should the change be made effective that same day or the day after?
Consumers Cut Coverage as Economic Anxiety Grows
As economic anxiety increases and the hard market pushes insurance premiums higher, 51% of consumers said they are looking for ways to save money on their existing insurance policies.
