According to the Insurance Research Council (IRC), the average homeowners insurance expenditure has become less affordable for U.S. consumers over time. Looking at the the years 2001 to 2021—the latest year in which relevant data is available—homeowners spent about 2% …
House members are approving a bill that would require county tax collectors to check whether Mississippians have auto insurance before renewing their license tags. Representatives voted 82-33 Jan. 11 to approve House Bill 319, sending it to the Senate for …
A new study estimates that fraud and claim “build-up” add between $5.6 billion and $7.7 billion in excess payments to auto injury claims paid in the United States. The excess payments represented between 13 percent and 17 percent of total …
A new report shows there hasn’t been much ground gained in the battle to reduce the number of uninsured motorists on the road, and there’s nowhere experts can point their fingers as an explanation of the pervasive problem. From a …
The insurance office within the U.S. Treasury is looking into whether minorities and low and moderate income Americans have access to affordable auto insurance. On April 10, the Federal Insurance Office, citing its authority under the Dodd-Frank act to monitor …
Medical expenses reported by auto injury claimants continue to rise faster than the rate of inflation, in spite of the fact that the severity of the injuries themselves remains on a downward trend. A new study by the Insurance Research …
It’s safe to say there’s a lot going on in the homeowners insurance scene in Colorado, where homeowners insurance rates are likely to be on the rise for some time. Insured losses from the recently doused Black Forest fire should …
Twenty-four percent of Americans believe it is acceptable to increase an insurance claim by a small amount to make up for deductibles they are required to pay. That is lower than the 33 percent found in 2002, according to new …
A state’s percentage of uninsured motorists is affected by a no pay, no play law, albeit modestly. A new study from the Insurance Research Council (IRC) estimates that the uninsured motorist (UM) rate can fall by as much as 1.6 …
The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research Council (IRC) study of homeowners insurance …
