One in Eight U.S. Drivers Uninsured, Study Finds
Nearly one in eight U.S. drivers was uninsured in 2015, putting insured drivers at greater risk in the event of an auto accident, according to a new study.
GEICO Agrees to Stop Using Job Status, Education as Criteria for Auto Insurance Rates in New York
The New York State Department of Financial Services announced that GEICO has agreed to comply with the agency’s new regulation that prohibits insurers from using an individual’s occupational status and/or education level as criteria for setting auto insurance rates.
State Farm Cutting 500 Positions from IT Workforce
As part of a realignment of its information technology department, State Farm will reduce its IT workforce by approximately 500 positions, according to a Chicago Tribune article.
Auto Insurance Rates Headed Higher for Some Nevada Drivers
When Nevada Senate Bill 308 takes effect on July 1, auto insurance premiums will go up for about one-third of Nevada vehicle owners, according to data from the Nevada Division of Insurance.
Federal Court Denies Most of Progressive’s Motion to Dismiss Professionals Auto Body Lawsuit
Judge Kim Gibson of the U.S. District Court for the Western District of Pennsylvania denied Progressive’s motion to dismiss the case for three of the lawsuit’s four claims, which means Professionals Auto Body can pursue its case against Progressive for alleged breach of contract, bad faith and unjust enrichment.
State Farm’s Net Worth Nearly $100 Billion Despite 2017 Underwriting Loss
State Farm’s property-casualty underwriting loss widened last year. The nation’s largest insurer reported a $6.5 billion underwriting loss in 2017, compared to $5.5 billion in 2016.
Indiana Anti-Steering Bill Amended into a ‘Nightmare’ for Auto Body Shops
What started out as a bill containing “some good things” for body shops and consumers in the Hoosier State has become “a nightmare,” the president of the Indiana Auto Body Association (IABA) said.
Not a Drive-Thru Claim Center: SUV Crashes into State Farm Office in Illinois
The first day of March was an eventful one for a State Farm agent in Freeport, Ill.
99-Cent Burgers and the ‘Prevailing Rate’ in Collision Repair
If McDonald’s and Burger King charge 99 cents for their burgers, then all restaurants should charge 99 cents for their burgers.
GEICO Offers Tips to Help Consumers Avoid Falling Prey to Staged Accidents and Other Auto Insurance Scams
Scams are committed by criminals every day and can happen anytime during the claims process, according to GEICO. One of the most common auto insurance scams is the staged accident, which typically involves multiple vehicles and several people in various scenarios.
State Farm Earns I-CAR Insurance Gold Class Corporate Status
I-CAR has awarded Insurance Gold Class business recognition at the corporate level to State Farm, an achievement reserved for insurance carriers that are committed to improving the performance and quality of auto collision repairs.
Honda Fit Modified: Crash Tests Would Earn IIHS ‘Good’ Rating
The Insurance Institute for Highway Safety (IIHS) has a different take on the recent crash tests that attorney Todd Tracy commissioned to show the disparity between OEM and aftermarket parts.
