INSURASALES

Tag: Auto Insurance

State Farm Plans Entry into Massachusetts Home and Auto Insurance Market in 2027

State Farm Plans Entry into Massachusetts Home and Auto Insurance Market in 2027

State Farm announces plans to enter Massachusetts home and auto insurance market in 2027, challenging regional insurers and expanding its footprint in the Northeast insurance industry.

$1 billion in AutoInsurance Refunds as Market Reforms Take Effect

$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 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.

Allstate Q3 2025: Strong Growth, Improved Underwriting, and Technology-Driven Expansion

Allstate reports Q3 2025 results with revenue growth, improved underwriting margins, and AI-driven tech expansion. Property-Liability and Protection Plans lead earnings improvement.

Lemonade Q3 2025 Earnings Highlight AI-Driven Growth and Profitability

Lemonade's Q3 2025 earnings beat revenue expectations with 42.4% growth, driven by AI automation, auto insurance cross-selling, and operational efficiency. Positive outlook for EBITDA by Q4 2026.

Florida's 2023 Lawsuit Reforms Drive Insurance Market Stability

Florida's 2023 lawsuit reform package reduces litigation costs, lowers insurance premiums, and attracts new insurers, stabilizing the state's auto and homeowners insurance markets.

San Rafael Woman Sentenced for Auto Insurance Fraud Involving False Hit-and-Run Claims

Marin County woman sentenced to jail and probation for filing false auto insurance hit-and-run claims. Case highlights insurance fraud detection and legal consequences.

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.