INSURASALES

Tag: Auto Insurance

Embedded Auto Insurance and Digital Platforms Address Rising U.S. Insurance Rates

Rising auto insurance rates in the U.S. are prompting dealerships and manufacturers to adopt embedded insurance and digital platforms, streamlining insurance purchases and managing repair costs with OEM parts.

AM Best Affirms 'A' Financial Strength Ratings for Ally Insurance Group

AM Best affirms stable 'A' ratings for Ally Insurance Group, highlighting strong capitalization and adequate operating results amid auto-sector challenges.

Louisiana's Insurance Crisis: Market Challenges and Regulatory Responses

Louisiana faces an insurance crisis driven by high bodily injury claims and litigation, with new regulatory measures and the FORTIFIED Roof Program aiming to stabilize premiums and boost insurer participation.

Michigan Ranked 4th State for Auto Animal Collision Claims by State Farm

Michigan ranks 4th nationwide in auto insurance claims from animal collisions, with deer causing the majority. State Farm data reveals seasonal trends and regional risk variations, impacting insurance claims and risk management strategies.

Mercury Insurance Advises Texas Drivers on Reducing Rising Auto Premiums

Mercury Insurance offers actionable tips for Texas drivers to lower auto insurance premiums amid rising costs influenced by weather events and inflation.

Mercury General's Strategic Resilience Amid Texas Auto Insurance Premium Surge

Explore Mercury General Corporation's financial resilience and strategic adaptability as Texas auto insurance premiums surge 40%, driven by inflation and wildfire risks. An analysis of underwriting discipline and investment strategies in a dynamic market.

Lemonade Inc. Stock Rises on Investor Confidence and AI-driven Auto Insurance Expansion

Lemonade Inc. stock surges 9.21% driven by fintech partnerships and AI-backed auto insurance growth. Analysts raise target prices amid cautious optimism despite profitability challenges.

Lawsuit Accuses State Farm of Claim Mishandling and Racial Discrimination

A federal lawsuit alleges State Farm mishandled an auto claim and discriminated against a Black policyholder, raising compliance and claim handling concerns in the auto insurance industry.

WTW and Sompo Holdings Partner to Implement Radar AI in Auto Insurance Pricing

WTW and Sompo Holdings partner to deploy AI-powered Radar technology, transforming auto insurance pricing and underwriting with advanced data analytics in Japan and beyond.

High Auto Insurance Rates Drive Record Comparison Shopping in 2024

Record high auto insurance rates in 2024 are fueling unprecedented comparison shopping and customer switching, challenging insurers to improve retention amid rising premiums.