Category Archives: Auto Insurance

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I.I.I. Research: Florida’s project of advantages disaster is spreading – and is costing customers billions of {dollars}

Ah, Florida. House to sun-washed seashores, Kennedy Area Middle, the woeful Marlins – and some of the pricey tort methods within the nation. A major driver of those prices is Florida’s “project of advantages disaster.” At this time the I.I.I. printed a report documenting what the disaster is, the way it’s spreading and the way… Read More »

Ridin’ with the Waymos

In Phoenix final week, I did what insurance coverage of us do in Phoenix. I hunted down an autonomous car. I even took an image: The ‘W’ on the rear window stands for Waymo, the Google/Alphabet division that’s most likely the chief in growing driverless applied sciences. Relying on which insurance coverage thought chief you… Read More »

Auto Outcomes: Ups and Downs

Whereas the spike in auto accident charges seems to have eased up to now yr or so, will increase in declare dimension proceed to current challenges. The oldsters at Gen Re weigh in: Trade loss ratios recommend that many carriers are nonetheless enjoying catch-up. With final legal responsibility loss ratios above 70% and mixed ratios… Read More »

What motivates folks to buy auto insurance coverage? A examine carried out by Fb and comScore

To find what motivates folks to buy auto insurance coverage within the U.S., Fb and comScore teamed as much as survey 1,010 U.S. adults who had bought a automotive within the final 6 months. Our visitor blogger, Brad Auerbach, supplies key insights from the survey, which we predict will assist insurance coverage producers and entrepreneurs… Read More »

E-scooter sharing programs: are you covered?

Move over, ridesharing, there’s a new urban mobility player in town: dockless electric scooter (e-scooter) sharing programs are growing in popularity in cities across the U.S. They operate like bike-sharing programs, but they introduce some interesting insurance issues. Man riding an electric scooterThe concept is pretty simple: you download an app from companies like Lime… Read More »

Missouri auto study rebuts 2017 ProPublica story

By Michael Barry, Senior Vice President Media Relations and Public Affairs, Insurance Information Institute   ProPublica’s investigative story last year on auto insurer pricing in four states—California, Illinois, Missouri, and Texas—will be seen in a different light, at least when it comes to Missouri, following this month’s meeting of the National Association of Insurance Commissioners’… Read More »

Is relief in sight for personal and commercial auto claims?

By Steven Weisbart, Chief Economist, Insurance Information Institute     About three years ago the Insurance Information Institute noticed a strong correlation between the number of people employed and the amount of driving done, as measured by the U.S. Department of Transportation’s monthly survey of vehicle-miles traveled. Of course, it is reasonable to expect that… Read More »