INSURASALES

Tag: Auto Insurance

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.

Rising Auto Insurance Costs Drive Coverage Cuts and Higher Uninsured Rates

LendingTree survey reveals rising auto insurance costs are causing increased uninsured rates and coverage reductions, with drivers cutting expenses to afford policies.

7th Circuit Reverses Class Action Status in Progressive ACV Undervaluation Case

The 7th Circuit reverses class action status in a lawsuit against Progressive over disputed methods in actual cash value calculations for total loss vehicles, highlighting judicial nuances in insurer obligations and class certification standards.

Survey Finds Nearly 100% Save by Shopping Around for Auto Insurance

LendingTree survey shows almost all car owners can lower auto insurance premiums by comparing rates, highlighting rising premium dissatisfaction and the value of shopping around.

Florida Sees One of the Highest Teen Driver Insurance Rate Increases

Florida experiences an average 84% increase in auto insurance premiums when adding teen drivers, impacting family budgets and licensing trends. Discover cost management strategies and market insights.

Court Affirms No Coverage for ATV Accident Under Standard Auto Policy

A federal appeals court in Michigan ruled that injuries from an ATV accident are not covered under standard auto insurance policies due to the vehicle's off-road design. This decision impacts coverage interpretation under Michigan's no-fault statute.