Auto Insurance News

Explore the latest news and updates on insurance policies, coverage changes, and impacts on the collision industry, including insights into claims processing and disputes.

California-auto-insurance-rate-hikes

Consumer Watchdog Criticizes California's ‘Unjustified’ Auto Insurance Rate Hikes

California Insurance Commissioner Ricardo Lara's recent approval of a $263.7 million rate hike by California's largest insurer, State Farm, marks the latest in a flurry of approvals of unjustified 2023 auto insurance rate hikes by the top six auto insurers, collectively totaling more than $1 billion, Consumer Watchdog said in a news release.
Autobody News Staff
Indiana-Farmers-Insurance-CCC-AI-estimating

Indiana Farmers Insurance Now Using AI-Powered Estimating from CCC

CCC Intelligent Solutions Inc. announced March 22 that Indiana Farmers Insurance is the latest auto insurer to leverage its industry-first AI-powered CCC® Estimate–STP solution.
Autobody News Staff
Allstate-auto-insurance-rate-increases-losses

Allstate Keeps Auto Rate Hikes Coming

Allstate Corp. updated its initiative to accelerate auto insurance rate increases.“Allstate continued to implement significant auto insurance rate actions in response to inflationary increases to loss costs,” said Jess Merten, CFO of Allstate Corp.
Autobody News Staff
Nationwide-2022-financial-results

Nationwide Reports 2022 Record Sales, Growth Amid Challenging Conditions

Nationwide reported 2022 earnings results March 2, reflecting one of the strongest performances in the company's 96-year history.
Autobody News Staff
With Car Insurance Costs Up 14%, Many Decide to 'Self-Insure'

With Car Insurance Costs Up 14%, Many Decide to 'Self-Insure'

Inflation has been one of the biggest buzzwords lately, so it should come as no surprise to anyone that auto insurance is becoming more expensive.
Autobody News Staff
bad-credit-higher-auto-insurance-rates

Auto Insurance Customers with Poor Credit Pay Up to 60% More

AutoInsurance.org recently released its list of the 12 most significant factors that affect auto insurance.
Autobody News Staff
CCC-AI-claims-processing-report-2022

Auto Insurers Taking AI Broader, Deeper Across Claims in 2022

CCC Intelligent Solutions Inc. on Feb. 21 announced an update to its insurer AI adoption report, which for the third straight year shows significant growth in the adoption of AI in auto claims.
Autobody News Staff
Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency

Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency

Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with an estimated increase in market share of 17.
Autobody News Staff
2023-Insurer-Report-Card-Honor-Roll

Collision Repairers Place 29 Carriers on Insurer Report Card Honor Roll

Among more than 87 auto insurance companies graded by collision repairers in terms of how well they work to ensure quality repairs and customer service, 29 received a “B” or higher to earn a spot on the Honor Roll in the 2023 CRASH Network Insurer Report Card.
Autobody News Staff
tractor-trailer-staged-accident-insurance-fraud-Louisiana

Louisiana Men Sentenced for Staging Accidents to Defraud Insurance, Trucking Companies

John Diggs, 62, of Thibodaux, LA, and James Williams, 68, of Gibson, LA, were both sentenced Feb. 14 to 10 months in prison by U.
Autobody News Staff

Most Popular

‘Two Bites of the Apple’: Small MSO Sales Can Mean Double Rewards for Sellers
‘Two Bites of the Apple’: Small MSO Sales Can Mean Double Rewards for Sellers
GM Collision Assistance App Contacts Driver at Accident Scene, Helps Them Choose Repair Shop
GM Collision Assistance App Contacts Driver at Accident Scene, Helps Them Choose Repair Shop
Red Carpet Awards Night Honors Collision Industry Members Who Go Above and Beyond
Red Carpet Awards Night Honors Collision Industry Members Who Go Above and Beyond
Auto Body Shop Owners Used ‘Lottery Scam’ to Purchase and Repair Used Cars
Auto Body Shop Owners Used ‘Lottery Scam’ to Purchase and Repair Used Cars
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Waymo Opens Autonomous Rides to All in Los Angeles

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Autobody News

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