July 10, 2024
At the same time it is settling a New York class action about underpaying totaled loss claims for $48 million, Progressive Insurance, in a separate case, has agreed to an $18.3 million settlement over allegations that its carriers failed to …
July 1, 2024
New York City is the world’s most-congested urban area for the second year in a row, costing the city an estimated $9.1 billion in lost time, a new report shows. A typical motorist driving through the most populated city in …
June 3, 2024
ST. HELENA ISLAND, S.C. (AP) — Five people, including a 4-year-old, were killed during a fiery three-vehicle crash near the southern South Carolina coast, authorities said Thursday. The South Carolina Highway Patrol said a BMW was traveling south Wednesday night …
April 3, 2024
Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after …
March 20, 2024
A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized theft crew that stole catalytic converters from nearly 500 vehicles, robbed jewelry stores and stole banks automatic teller machines. Nicolas …
February 12, 2024
NAPLES, Fla. (AP) — A pilot and co-pilot were identified as the two killed in a fiery plane crash on a Florida highway, law enforcement officials said. The Collier County Sheriff’s Office identified Edward Daniel Murphy, a 50-year-old pilot and …
January 2, 2024
After an Allstate Insurance investigation alleged that a well-known Florida pain clinic had conspired with an injury law firm and had fraudulently billed the auto insurer for unnecessary surgeries and risky procedures, Allstate took the unusual step of striking an …
December 14, 2023
Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023 after rising …
May 12, 2023
Claim severity for bodily injury and property damage increased by 35% since 2019, while collision claim severity has jumped 40%, LexisNexis Risk Solutions says in a new report. The data broker’s 2023 U.S. Auto Insurance Trends report says the amount …
January 6, 2023
In one of his last official acts in office, Massachusetts Gov. Charlie Baker yesterday signed a bill designed to curb the theft of catalytic converters by regulating the purchase of the automobile parts by scrap metal dealers. Scrap metal buyers …