Selective Insurance Company of America, the lead insurance company of Selective Insurance Group, Inc., today announced that customers with personal and business auto insurance policies will receive a 15% premium credit for April and May related to the various COVID-19 shelter-in-place orders. The program, which is subject to expected regulatory approval, is part of the… Continue reading Selective Insurance Announces COVID-19-Related Premium Credit for Personal and Business Auto Policies
Tag: personal auto insurance
Farmers Insurance Waives Food Delivery Exclusions for Customers with Personal Auto and Motorcycle Insurance
Effective immediately, Farmers® will voluntarily extend coverage, for no additional charge, to customers with Farmers branded auto and motorcycle policies who have begun making food, grocery, pharmacy and medical supplies deliveries using their personal vehicles. With states enacting restaurant seating restrictions and stay-at-home orders to help deter the spread of the coronavirus (COVID-19), Farmers Insurance®… Continue reading Farmers Insurance Waives Food Delivery Exclusions for Customers with Personal Auto and Motorcycle Insurance
U.S. Personal Auto Insurance Underwriting Performance Has Likely Peaked: Fitch
Performance in the U.S. personal auto insurance market continues to run favorably in 2019, on par with underwriting profits achieved in 2018, according to Fitch Ratings. However segment results for the industry are likely unsustainable going forward based on shifting market fundamentals. The industry statutory personal auto combined ratio of 98% in 2018 represented the… Continue reading U.S. Personal Auto Insurance Underwriting Performance Has Likely Peaked: Fitch
CA Commissioner Lara Sees “Disturbing” Disparities in Auto Insurance Discounts for Millions of Drivers
The California Department of Insurance has released data showing wide socioeconomic disparities in auto insurance group discounts offered to millions of state drivers. The investigation illustrates that many affinity groups disproportionately and adversely affect drivers residing in ZIP codes with lower per capita incomes, lower levels of educational attainment, and larger communities of color. Some… Continue reading CA Commissioner Lara Sees “Disturbing” Disparities in Auto Insurance Discounts for Millions of Drivers
Chubb to Provide Personal Auto Clients with First-of-Its-Kind Solution to Protect PII for Total Loss Vehicles
In response to new risks associated with today’s technologically-advanced automobiles, Chubb has launched a new exclusive service to help personal auto clients remove sensitive electronic information from their vehicles in the event of an insured total loss. To identify relevant information after a total loss, technicians will scan locations and wipe necessary systems on Chubb… Continue reading Chubb to Provide Personal Auto Clients with First-of-Its-Kind Solution to Protect PII for Total Loss Vehicles
Travelers Institute Launches Every Second Matters℠ Fall Tour to Combat Distracted Driving
The Travelers Institute, the public policy division of The Travelers Companies, Inc., launched its Every Second Matters fall event series on Thursday at California State University, Fullerton. The series aims to raise awareness about the risks and consequences of distracted driving and empower young people, their broader communities and businesses to combat this dangerous behavior.… Continue reading Travelers Institute Launches Every Second Matters℠ Fall Tour to Combat Distracted Driving
Travelers Offers Industry Leading Real-Time Customer Alerts for Independent Agents
The Travelers Companies, Inc. announced that independent insurance agents who use the EZLynx Management System will now be notified instantly when their Travelers personal auto insurance customers make a policy change in the MyTravelers® self-service portal. The EZLynx Management System dashboard is updated in real time when a customer adds or removes a vehicle, modifies… Continue reading Travelers Offers Industry Leading Real-Time Customer Alerts for Independent Agents
Car Sharing and Car Rental Companies are Battling Over State Laws
The bill that turned Illinois into the focal point of a bitter debate over car-sharing last year started as a proposal about what happens when a rental car is stolen. The legislation, which would allow rental companies to punish customers if they don’t return a stolen vehicle’s keys and file a police report, had passed… Continue reading Car Sharing and Car Rental Companies are Battling Over State Laws
Vehicle Deaths Estimated at 40,000 for Third Straight Year
For the first time since the Great Recession, the U.S. has experienced three straight years of at least 40,000 roadway deaths, according to preliminary estimates released February 13 by the National Safety Council. In 2018, an estimated 40,000 people lost their lives to car crashes – a 1% decline from 2017 (40,231 deaths) and 2016… Continue reading Vehicle Deaths Estimated at 40,000 for Third Straight Year
Nationwide Launches Custom Auto Insurance to Save Drivers Money
For those who work from home, carpool frequently or use public transit more than they drive, Nationwide is launching SmartMilesSM, a new auto insurance solution for low-mileage drivers. Committed to the evolution of its telematics journey which began in 2011 with SmartRide®, SmartMiles allows Nationwide members to pay for the miles they drive, providing more… Continue reading Nationwide Launches Custom Auto Insurance to Save Drivers Money