INSURASALES

Tag: auto insurance

State Farm Names Joe Park Chief Digital & Information Officer

State Farm appoints Joe Park as EVP and Chief Digital & Information Officer to lead technology and innovation, advancing digital services in insurance.

Rising Insurance Costs Drive Record Auto Policy Shopping in 2024

Record-high insurance rates in 2024 drive unprecedented auto policy shopping, challenging insurers to enhance customer retention strategies amid rising costs.

Alberta Premier Signals Auto Insurance Reform with Public Insurance as Backup

Alberta Premier Danielle Smith plans a 2027 auto insurance overhaul to reduce premiums by limiting lawsuits, with public insurance as a potential fallback amid insurer pressures.

Triple-I Study Reveals $42.8B Excess Motor Vehicle Tort Litigation Impact on Auto Insurance

Triple-I analysis finds $42.8 billion in excess motor vehicle tort litigation value from 2014-2023, highlighting impacts on U.S. auto insurance costs and the need for improved civil court data transparency.

Michigan Court Revisits No-Fault Benefit Assignments and Rescissions in Sharp v. Tracht

Michigan Court of Appeals clarifies assignment and revocation of No-Fault benefits in Sharp v. Tracht, impacting claims handling and one-year back rule compliance under MCL 500.3145.

Tennessee Ranks Third Nationwide for Fatal Hit-and-Run Crashes, Highlights UM/UIM Coverage Importance

Tennessee ranks third nationwide in fatal hit-and-run crashes, underscoring the critical need for Uninsured and Underinsured Motorist coverage to address compensation gaps in auto insurance policies.

Arkansas Jury Rules for Plaintiffs in Auto Insurance Underpayment Class Action

An Arkansas jury has sided with plaintiffs in a class action against a car insurer accused of underpaying claims, highlighting regulatory and compliance issues in the auto insurance sector.

Florida Insurance Reforms Attract New Property Carriers, Lower Rates in 2024

Florida's recent insurance reforms drive new property insurers into the market, lowering homeowners and auto insurance rates and reducing litigation.

Allstate Files Federal Suit Over $305K Alleged No-Fault Medical Equipment Fraud

Allstate sues A to Z Supply Services for over $305,000 in alleged fraudulent medical equipment claims under New York's No-fault system, highlighting challenges in insurance fraud detection and claims oversight.

Georgia Lawmakers Investigate High Insurance Costs Amid Fraud and Profit Concerns

Georgia lawmakers probe high insurance premiums driven by fraud, profits, and claims processing amid impacts from Hurricane Helene.