INSURASALES

Tag: Auto Insurance

$1 billion in AutoInsurance Refunds as Market Reforms Take Effect

Florida's insurance market sees significant improvements with declining auto and homeowners rates, reduced litigation, increased insurer participation, and regulatory reforms enhancing consumer benefits.

New York Fines Auto Insurers Over $19M for Cybersecurity Violations

New York DFS fines eight auto insurers over $19 million for cybersecurity violations after data breaches exposed driver information in online quoting systems. Enforcement highlights increasing regulatory scrutiny in insurance industry compliance.

Fifth Circuit Upholds Digital Cancellation of Financed Auto Policies in Louisiana

The Fifth Circuit affirms GoAuto's electronic cancellation process for financed auto insurance policies, confirming compliance with Louisiana law and clarifying insurer responsibilities.

ADAS Technology to Reduce Auto Insurance Loss Costs by Up to 3% by 2030

Evercore ISI reports that Advanced Driver-Assistance Systems (ADAS) could lower U.S. auto insurance loss cost trends by 1-3% by 2030, driven by reduced claim frequencies and evolving claim severities.

Increased Deer-Vehicle Collisions Raise Safety and Insurance Concerns in Ohio

Higher deer-vehicle collisions during fall in Ohio lead to increased car accidents and insurance claims, highlighting road safety and financial risks for drivers and insurers.

Ninth Circuit Denies Class Certification in Progressive's Totaled Vehicle Valuation Dispute

The Ninth Circuit denies class certification in a contested Progressive insurance case challenging the use of the projected sold adjustment for totaled vehicles, highlighting complex valuation and legal issues.

Over One-Third of U.S. Drivers Lack Adequate Auto Insurance Coverage

More than one-third of U.S. drivers lack sufficient auto insurance, increasing financial risks. Understanding uninsured and underinsured motorist coverage is critical for risk management and insurance compliance.

State Farm Rolls Out Advanced Accident Detection in Illinois and Florida

State Farm introduces advanced accident detection technology in Illinois and Florida, enhancing emergency response and claims efficiency while addressing telematics data privacy and regulatory compliance.

New York South Asian Groups Demand Insurance Reforms Amid Rising Costs

South Asian community organizations in New York join forces to call for insurance reforms addressing soaring auto insurance costs and fraud-driven premium increases.

DB Insurance Acquires U.S.'s Fortegra for $1.6 Billion to Expand Global Footprint

DB Insurance acquires U.S. specialty insurer Fortegra for $1.6 billion, marking significant expansion into the U.S. market with enhanced program distribution and auto protection lines.