Tag: auto insurance

April 20, 2022

More than 90% of auto insurance customers who switch companies save money – but most policyholders are missing out by failing to shop around, according to a new study by insurance comparison site ValuePenguin. According to the study, 92% of […]

April 18, 2022

Michigan Governor Gretchen Whitmer announced that nearly a third of eligible auto insurance policyholders in the state have received their $400 refund checks, totaling more than $906 million in refunds to date. Whitmer cited data from the Michigan Department of […]

April 11, 2022

Old school vs. new school. Every so often, a debate echoes down the corridor of time as the disrupters of the status quo burst on the scene with novel ways of doing things, while the established players cling to the […]

March 21, 2022

Policyholders across Arizona will soon be shelling out more money for auto insurance as cars – and associated risks – return to the road in a post-lockdown setting. Arizona is one of the few states that do not require insurance […]

March 17, 2022

The Illinois Department of Insurance has called on auto insurers to provide more information on how much insurance companies may have overcharged Illinois drivers during the 12-month pandemic period between March 2020 to February 2021. Insurers have come under scrutiny […]

March 10, 2022

Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody’s Investors Services said. In a report titled, “Tesla’s insurance venture puts incumbents under added […]

March 3, 2022

Major cities across the US have seen an “unprecedented” surge in auto thefts and carjackings in recent years, the National Insurance Crime Bureau (NICB) has warned. Testifying before a US Senate Committee on the issue of car thefts, NICB president […]

February 15, 2022

Numerous class action suits have been filed against auto insurers regarding the valuation of vehicles that are total losses. These cases typically allege that insurers are undervaluing vehicles in some common way or in violation of a state regulation. The […]

February 14, 2022

The Supreme Court of California has ruled that State Farm does not have to refund homeowners $100 million, after it denied appeals from both the state insurance commissioner and a consumer advocate group. In 2016, then-insurance commissioner Dave Jones deemed […]

January 25, 2022

General Motors (GM) is making the move to debut its performance-based auto insurance offering sometime during the first quarter of 2022, an executive has confirmed. According to Andrew Rose, president of GM’s insurance subsidiary OnStar Insurance and GM vice president […]

January 19, 2022

The cost of a comprehensive car insurance policy in Britain is expected to be volatile this year, after rising 5% in the final quarter of 2021 as more drivers took to roads on easing COVID-19 curbs, a survey showed on […]

January 19, 2022

New Jersey Governor Phil Murphy, who has been sworn in for a second term, has signed into law some legislation to allow policyholders to sue their auto insurers for as much as three times the applicable coverage amount. SB 1559, […]

December 17, 2021

Auto drivers in the state of Michigan have received significant attention in the last several months. Last month, the Michigan Catastrophic Claims Association (MCCA) voted unanimously to approve refunds on auto insurance premiums, after Michigan governor Gretchen Whitmer called on […]

November 22, 2021

A Hudson County, New Jersey, man was indicted for allegedly causing fraudulent automobile insurance applications to be submitted on his behalf in an attempt to avoid paying the policy premiums. John A. Loor (also known as John A. Loor-Benitez) of […]

October 27, 2021

The injured party in an automobile collision cannot double-dip on insurance coverage simply because she calls the payment from the other driver’s policy “punitive damages,” a Georgia appeals court has decided. “The mere fact that Nay’s limited release included a […]

October 18, 2021

Automotive company Tesla is now offering a new insurance product for its customers in Texas – the state where CEO Elon Musk says his company will be moving its headquarters to from California. The new insurance product, available only in […]

September 22, 2021

GEICO is set to raise auto insurance rates in Illinois by more than 6% on average – one of its highest rate increases in the state in the last six years. It was noted that GEICO had also attempted to […]

September 1, 2021

Three men in Los Angeles are facing charges for allegedly staging car accidents as part of a fraudulent scheme to claim money from insurance companies. L.A. County District Attorney George Gascón announced on Monday that charges have been filed against […]

August 20, 2021

In what may be considered one of the largest whistleblower lawsuits in US history, a complaint has been filed which names 315 auto insurance companies as defendants. The lawsuit seeks to recover billions of dollars for the federal and certain […]

August 4, 2021

Sigo Seguros, an auto insurance provider serving the Spanish-speaking community, launched its own auto insurance product in Texas that it says is transparent, affordable and natively available in Spanish and English. By removing biased rate factors like credit score, employment […]