Auto Insurance Company News Page 12 of 14

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

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'

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

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

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

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

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

North-Carolina-auto-insurance-rate-increase-request

N.C. Rate Bureau Requests 28.4% Rate Increase for Auto Insurance

Insurance Commissioner Mike Causey on Feb. 2 announced the North Carolina Rate Bureau has submitted a rate filing with the N.

Autobody News Staff

Insurer Trade Groups Respond to Illinois’ Rate Regulation Bill

The American Property Casualty Insurance Association (APCIA), the Illinois Insurance Association (IIA) and National Association of Mutual Insurance Companies (NAMIC) have together issued a statement decrying a newly announced Illinois bill which would limit the number of non-driving factors auto insurance companies can use in setting the rates of consumers.

Autobody News Staff

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Some Auto Insurers Refusing to Cover Certain Hyundai and Kia Models

Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies.

Autobody News Staff