Online Auto Insurer EverQuote to Award $50,000 in Scholarships to America’s Safest Drivers
In an effort to curb distracted driving during the summer, EverQuote has launched its second-annual “EverDrive Safe Driving Challenge,” a contest that awards $50,000 in scholarships to the safest drivers in America.
Collision ‘Repair Storm Brewing’ in United Kingdom, Research Firm Says
The United States isn’t the only nation grappling with the rising cost and complexity of repairing today’s high-tech vehicles.
Collision Repairers, Insurers Have Differing Views on OEM Parts
The BodyShop Business 2017 Industry Profile survey suggests that many insurers push aftermarket crash parts for repairs.
Global Collision Repair Market to Hit $206.5 Billion by 2025: Hexa Research
The research firm sees the collision repair market expanding at a compound annual growth rate of 2.5 percent from 2017 to 2025.
Hailstorm Insurance Claims up 48 Percent in 2016
Insurance claims for hail damage in Texas last year exceeded the previous two years combined, according to an analysis conducted by the National Insurance Crime Bureau.
West Virginia Woman Who Staged Vehicle Accident Convicted of Mail Fraud
A Fairmont, W.Va., woman is facing up to 20 years in prison after admitting that she staged a vehicle accident, faked injuries from the accident and filed false insurance claims that got her a $41,000 settlement.
U.S. P & C Insurers Post $841.5 Million First-Quarter Underwriting Loss, But Still Flush with Cash
The U.S. property & casualty insurance industry posted a first-quarter 2017 net underwriting loss of $841.5 million, according to preliminary financial results detailed in A.M. Best’s latest “First Look” report
U.S. Lags Behind U.K. in Preparing for Insuring Autonomous Vehicles
The United Kingdom has lapped the United States in preparing for how to insure autonomous vehicles, according to an article on PropertCasualty360.com.
Millennial Drivers Pose Greater Risk than Previous Generations at Same Age, Study Finds
Millennials in their early 20s tend to be riskier drivers than previous generations at the same point in their lives, according to a new TransUnion study.
Insurance Auto Auctions Adds Nearly 50 Acres in Georgia
Insurance Auto Auctions (IAA) announced that it has expanded its Savannah and Tifton, Ga., facilities.
Colorado Hailstorm Could Be State’s Most Expensive Insured Catastrophe
The May 8 hailstorm that pounded Colorado’s Front Range is on track to be the state’s most expensive catastrophe.
Progressive CEO: Usage-Based Insurance ‘Will Be the Norm’
Usage-based insurance (UBI), which ties premium rates to driving behaviors, “will be the norm over time,” Progressive CEO Tricia Griffith said in a letter to shareholders.
