Study Indicates Auto Insurers Unfairly Profited During COVID-19
The US Public Interest Research Group reported that some consumers did not receive a refund or rate cut from auto insurers in 2020 when COVID-19 hit despite driving significantly less.
New CIECA Standards Development Committee Formed with Property Insurance & Restoration Conference
The Collision Industry Electronic Commerce Association (CIECA) has announced the formation of a new Standards Development Committee with the Property Insurance & Restoration Conference (PIRC), a forum for discussions between property insurance and restoration industry stakeholders.
Property/Casualty Insurers Nervous About Potential Antitrust Exemption Removal
Republicans interested in repealing the provision for health insurance cite alleged collusion in the industry and persistently high health care costs.
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.