For many Americans, getting insurance for both their cars and homes has gone from a routine, generally manageable expense to a do-or-die ordeal that can strain household budgets.
Tag: auto insurance
Bills to Eliminate No-Fault Auto Coverage in Florida Teed Up Again
Bills seeking to repeal Florida’s no-fault automobile insurance system and its requirement that motorists carry $10,000 in personal-injury protection coverage have been filed again in the state legislature.
Allstate Implementing Double-Digit Rate Hikes in California, New York and New Jersey
Allstate Corp. annualized written premiums should rise about $1 billion on strong double-digit auto rate increases approved by regulators in California, New York and New Jersey, according to Chief Financial Officer Jess Merten.
Why Strong Carrier Partners Are a Must in a Hard Market
The hard insurance market for many product lines continued throughout 2023, with rate pressure, underwriting scrutiny, and capacity restrictions expected into 2024. A strong partnership with your carriers is essential for agents to navigate this hard market, help clients get the insurance protection they need, retain business, and gain new customers.
14 Percent of U.S. Drivers Were Uninsured in 2022, IRC Estimates
About one in seven U.S. drivers (14.0 percent) operated a private- passenger vehicle without liability insurance in 2022, according to an estimate contained in a new report released today by the Insurance Research Council (IRC).
Average Commercial Lines Renewal Rates Remain Up Month Over Month
Year over year, Commercial Auto, BOP, General Liability, Commercial Property and Umbrella experienced increasing average premium renewal rates, while premium renewal rates decreased for Workers’ Compensation. All major commercial lines premium renewal rates were higher month over month.
Insurance Markets are Facing Strong Challenges; Strong Leadership Is Needed to Overcome: APCIA
Robert Gordon, senior vice president of policy, research and international testified today before the House Financial Services Committee’s Subcommittee on Housing and Insurance.
Automakers Look to Boost Customer Experience with Insurance
Some original equipment manufacturers (OEMs) are offering auto insurance as a way to extend their relationships with vehicle owners and improve the overall customer experience.
Kemper Nonrenewing 67,900 Personal Auto, Homeowners Policies in California
Four Kemper Corp. subsidiaries have notified California regulators they plan to exit 67,900 personal private-passenger automobile or homeowners insurance policies.
Michigan Senate Passes No-Fault Auto Reforms
The Michigan state senate has passed a package of bills that would modify four-year-old reforms to the state’s no-fault automobile insurance law.