Tag: auto insurance

North Carolina Auto Insurance Law Raises Minimum Coverage, Extends Penalty Periods

North Carolina updated auto insurance laws in 2025, increasing minimum liability limits, expanding underinsured motorist coverage, and extending surcharge periods, impacting premiums and underwriting.

Rhode Island Updates Auto Insurance Appraisal Process with New Law

Rhode Island enacts new auto insurance appraisal law enhancing inspection timelines, dispute resolution, and cost responsibilities. Key updates for insurers and repair shops.

2025 Report Highlights Online Insurance Fraud in Disability, Workers Comp, and Auto Claims

The 2025 Online Fraud Insights report reveals high rates of insurance fraud in disability, workers comp, and auto claims, with social media as a key detection tool.

US Personal Lines Insurance Rates Rise in Q2 2025 Amid Inflation and Catastrophe Risks

US personal lines insurance premiums increased by 4.6% in Q2 2025 due to inflation, claims costs, and weather-related risks, with higher hikes for high-value homes and autos.

Missouri Court Clarifies Coverage for Custom Equipment on Spray Foam Trailers

Missouri appellate court rules spray foam trailer equipment is not subject to custom equipment coverage limits, clarifying physical damage insurance application.

Morgan Stanley Downgrades Progressive Amid Auto Insurance Market Challenges

Morgan Stanley downgrades Progressive citing valuation pressures and competitive challenges in the U.S. auto insurance sector, impacting growth and market outlook.

Auto Insurance Legal Defense: Coverage Limits and Bad Faith Claims Explained

Explore key insights into auto insurance legal defense coverage, contingency fees, bad faith claims, and regulatory aspects in California car accident cases. Understand insurers' obligations and claim dispute resolution.

North Carolina Auto Insurance Law Changes Increase Costs for New and High-Risk Drivers

North Carolina's new auto insurance laws raise surcharges for new drivers, increase minimum liability coverage, and allow longer premium hikes for speeding violations, affecting insurance costs and risk evaluation.

North Carolina Raises Auto Insurance Minimums, Extends Risk Period for New Drivers

North Carolina's SB 319 law increases auto insurance minimum coverage limits and extends the inexperienced driver period to eight years, impacting premiums and regulatory compliance starting July 2025.

Progressive Raises Earnings Estimates Amid AI Energy Infrastructure Investment Trends

The Progressive Corporation's earnings outlook improves with rising investment income and lower expense ratios, set against a backdrop of increasing AI-driven energy infrastructure demand shaping U.S. insurance market trends.