Auto insurance shopping rose 10% in Q1 2024, driven by higher-risk consumers and traditional risk-based rate adjustments, with key factors like driving records and credit scores influencing premiums.
Louisiana's elevated bodily injury auto claims exceed national rates, impacting premiums and prompting ongoing debates over tort reform and insurer transparency.
Examining concerns over app-based tracking of driving data affecting auto insurance rates, related lawsuits, and emerging U.S. privacy legislation.
United Automobile Insurance Company (UAIC) leads the U.S. auto insurance market through disciplined underwriting, technological innovation, and customer-centric service. The company's strategic growth and technology investments enhance claims management and accessibility across multiple states.
Third-party litigation funding drives higher premium costs and reduced liability insurance availability, impacting underwriting and claims trends in commercial auto, umbrella, and product liability lines.
Porch Group's Homeowners of America Insurance Company ranked first in Texas and third nationally in direct combined ratio performance in the 2024 AM Best report, demonstrating strong underwriting and loss ratio improvements continuing into 2025.
Motion Specialty has secured approval as a Lloyd's of London coverholder to underwrite specialty insurance products including High Value Homes and Flood coverage, leveraging data-driven underwriting and technology focused on wholesale distribution.
Debunking common hurricane myths critical for insurers and risk managers. Understand storm surge risks, flood insurance needs, and inland weather hazards for better coverage strategies.
Policy unpredictability, rising insurance and tax costs, and trade tensions are slowing the U.S. housing market recovery in 2019, creating cautious consumer behavior and a weak summer buying season outlook.
Chubb Limited appoints Tim Boroughs as Vice Chairman and Chris Hogan as Chief Investment Officer, enhancing leadership in investment management to support global insurance operations.
