Ohio Court Ruling Shields Auto Insurers from Some Consumer Claims
The ruling stems from an appeal by Farmers Insurance of Columbus in a case in which a Coshocton County couple won $30,600 in damages in a dispute over the use of OEM parts in the repair of their 2-year-old sedan.
Consumers Rank Auto Insurers from Worst to Best
Coming in last at 18th, 19th and 20th are Travelers, 21st Century Insurance and Auto Club of Southern California.
P&C Insurers Hold Steady in Customer Satisfaction Survey
Customers who bundled their auto and homeowners coverage together are more satisfied on average than those who purchase only auto insurance.
Communicate With Insurers Via Video and Images
No-charge “imageproof OnSite” product allows body shops and insurers to communicate via video and images while damaged vehicles requiring an estimate are at the shop or an estimator is in the field.
Pennsylvania Insurance Commissioner Reminds Consumers That Insurers Can’t Add Surcharge for Deer-Related Crashes
Teresa Miller tells Pennsylvanians that any crash involving a deer is considered a not-at-fault accident.
Insurers, Police Team Up to Fight Auto Insurance Fraud in Florida
By doing this, officers who responded to crashes or speeding drivers could get instant verification of valid insurance coverage.
Auto Insurers Score Another Victory in Auto Body Shop Antitrust Litigation
Judge in auto body antitrust case dismisses body shops’ antitrust claims, but provides them with leave to amend their antitrust claims and refile them when they again amend their complaint.
Pennsylvania Prohibits Insurers from Using Price Optimization in P&C Rates
Following other states, Pennsylvania Insurance Commissioner Teresa Miller issues an official notice warning the state’s insurers.
Property/Casualty Insurers Have Best First Quarter in 30 Years
Private U.S. property/casualty insurers’ net income after taxes grew to $18.2 billion in first-quarter 2015 from $13.9 billion in first-quarter 2014.
Survey Finds 7 in 10 Insurers Unprepared for Potential Disruption from Autonomous Vehicles
Eighty-four percent of insurance executives don’t expect autonomous vehicles to have a significant impact on their business until 2025, while 42 percent expect a significant impact in six to 10 years.