News

The study by J.D. Power shows that the increase in auto premiums is dragging down the overall satisfaction of policyholders and hurting retention rates of bundles.

Auto claimants’ wait for collision repairs jumped 4.5 days in the second quarter of 2022 from the second quarter of 2021, according to a report from Enterprise Rent-a-Car.

Geico is still contesting whether the claim is covered in federal court and the outcome will determine whether the company has to pay the settlement.

Only 30% of insured homeowners have purchased more insurance or increased coverage limits to compensate for rising building costs, the APCIA survey found.

Auto insurance switching is down 3.2% in the first quarter 2022, while quoting is down 11.1% for the same period, according to J.D. Power.

The number of dog bite claims across the country increased 2.2% from 2020, according to a study released last week.

U.S. insurers are failing to raise premiums fast enough to keep up with historic rates of inflation, according to the American Property Casualty Insurance Association (APCIA).

Since June, three states have placed restrictions on carriers’ ability to limit or deny homeowners insurance coverage based on ownership of specific dog breeds.

Lemonade will acquire auto insurer Metromile in an all-stock transaction for just over $200 million net of cash.

The case is raising concern within the insurance industry as doubts remain as to whether there could be coverage under the personal auto policy.