North Carolina announces a 5% average auto insurance premium increase starting October 1 after a regulatory settlement, with a notable 16.3% decrease in motorcycle liability insurance rates statewide.
North Carolina's new SB 452 law raises minimum auto insurance liability limits, mandates underinsured motorist coverage, extends surcharges for inexperienced drivers and moving violations, leading to premium increases starting July 2024.
The 2025 LexisNexis U.S. Auto Insurance Trends Report analyzes 2024 market data revealing rising driving violations, increased policy shopping, and a return to profitability in the auto insurance sector.
The U.S. personal auto insurance industry reported improved underwriting results in 2024 with a net combined ratio of 95.3, driven by strong premium growth and loss control. However, legal system abuse and regulatory challenges pose ongoing risks to profitability and market stability.
North Carolina's Insurance Commissioner approves a 5% average increase in automobile insurance rates and a 16.3% decrease in motorcycle liability premiums, highlighting regulatory adjustments and market impacts starting October 1, 2025.
Autonomous vehicles are projected to reduce U.S. auto insurance costs while shifting liability toward product and cyber insurance, reshaping underwriting and market dynamics by 2040.
Car insurance companies are prioritizing suspended licenses over speeding tickets in underwriting and pricing strategies, indicating an evolving approach to risk assessment.
North Carolina announces a 5% average auto insurance rate hike effective October 2025 under a settlement with the Rate Bureau. Insights on market impact and regulatory context.
Two Maryland police officers pled guilty to orchestrating an auto insurance fraud scheme involving staged vehicle thefts and falsified police reports, resulting in significant fraudulent insurance payouts. Their sentencing highlights enforcement efforts against insurance fraud in law enforcement.
Explore how mobile app tracking impacts auto insurance pricing and the regulatory challenges insurers face leveraging driving data for risk assessment.
