Rising Insurance Costs Linked to Advanced Vehicle Safety Tech Repairs
Explore why advanced driver assistance systems are increasing auto insurance costs despite reducing accident claims, impacting repair expenses and insurance premiums.
Explore why advanced driver assistance systems are increasing auto insurance costs despite reducing accident claims, impacting repair expenses and insurance premiums.
Glenn Renwick, former CEO and Chairman of Progressive, died in a multi-vehicle accident in Florida. This event has implications for leadership transitions, vehicle safety, and insurance risk assessment.
US auto insurance premiums are projected to increase 7.5% in 2025 due to claims from natural disasters, repair cost inflation, and market dynamics, with notable regional variations.
Texas enacts Senate Bill 1238 to end the insurance 'widow penalty,' preventing rate hikes for surviving spouses on auto and home insurance. Effective Sept 2025.
Sapiens International Corporation has been selected by a leading state-run auto insurance organization to modernize claims operations with its ClaimsPro SaaS solution, signaling growth in AI-driven insurance automation and digital transformation.
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
U.S. auto insurance shopping increased 16% in Q1 2025 as tax refunds and tariffs drive new vehicle purchases. Policy retention declines, prompting insurers to adjust strategies.
Illinois Auto Insurance rates favor credit and ZIP codes over driving records, prompting new legislation for greater transparency and fairness.
NJBIA partners with Plymouth Rock Assurance to provide auto insurance discounts and personalized coverage options for New Jersey businesses and their employees, enhancing member benefits.
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.