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.
LendingTree survey reveals rising auto insurance costs are causing increased uninsured rates and coverage reductions, with drivers cutting expenses to afford policies.
AM Best affirms stable 'A' ratings for Ally Insurance Group, highlighting strong capitalization and adequate operating results amid auto-sector challenges.
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 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 offers actionable tips for Texas drivers to lower auto insurance premiums amid rising costs influenced by weather events and inflation.
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 surges 9.21% driven by fintech partnerships and AI-backed auto insurance growth. Analysts raise target prices amid cautious optimism despite profitability challenges.
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 deploy AI-powered Radar technology, transforming auto insurance pricing and underwriting with advanced data analytics in Japan and beyond.
Record high auto insurance rates in 2024 are fueling unprecedented comparison shopping and customer switching, challenging insurers to improve retention amid rising premiums.