auto insurance claims News

Five Men Charged in Multi-State Catalytic Converter Theft Scheme

U.S. District Attorney Vanessa Roberts Avery in Connecticut announced the unsealing of a nine-count indictment that charges five men with federal offenses related to their participation in a stolen catalytic converter trafficking ring. The indictment, returned by a federal grand …

Proposed Mass. Bill Limits Auto Claims Investigations, Shifts Payments to Insurers

A proposed bill was heard last month in the Massachusetts legislature that aims to place a time limit on auto insurance claims investigations and would make investigating insurers responsible for premium payments until the cause of loss is determined. The …

Two Bills Relating to Auto Insurance Claims Practices Advance in Texas

The Texas House of Representatives recently advance two pieces of legislation that address claims arising out of vehicle accidents. House Bill 359 The Texas House May 7 passed House Bill 359, which addresses delaying tactics practiced by insurers in claims …

Auto Theft Jumped in 2020

Auto theft appears to have increased considerably in 2020 compared to 2019, reversing two years of auto theft declines. A preliminary analysis by the National Insurance Crime Bureau shows there were 873,080 auto thefts in 2020, or almost 2,400 a …

Auto Insurance Claims Satisfaction Continued to Rise During Pandemic

Having fewer auto insurance claims during the coronavirus pandemic appears to have given insurers time to refine their customer experience and deliver higher higher quality claims service. According to the J.D. Power 2020 U.S. Auto Claims Satisfaction Study, a 22% …

Waiting Period Suspended for Harvey-Related Claim Payouts for Totaled Vehicles

Texas Gov. Greg Abbott has suspended a state statute in ordered to help facilitate the payment of insurance claims for vehicles that were totaled by Hurricane Harvey, the governor’s office said. Abbott temporarily suspended a law that required a 30-day …

Autumn Clock Change Raises Evening Accident Risk by 30%: UK Telematics Study

The risk of U.K. drivers having an accident in the month following the clocks changing at the end of October* increases by 10 percent, according to Insure The Box, the telematics car insurance provider. And if they are driving between …

North Carolina Resident Accused of Using Insurance Claim Check for Personal Use

North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Alison Keli Underwood, 24, of Asheboro, N.C.; she is charged with one count of obtaining property by false pretense. NCDOI criminal investigators accuse Underwood of fraudulently obtaining $7,452.85 from Cincinnati …

3 Examples of How Telematics Can Aid Insurance Claims Handling

While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer a way to reduce claims costs. David Lukens, LexisNexis director, says telematics …

Traffic Deaths, Costs On Pace to Reach Highest Since 2007

Traffic deaths are 14 percent higher through the first six months of 2015 than they were during the same period in 2014, and serious injuries are 30 percent higher, according to the National Safety Council. From January to June, nearly …