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.
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.
Republicans interested in repealing the provision for health insurance cite alleged collusion in the industry and persistently high health care costs.
Following other states, Pennsylvania Insurance Commissioner Teresa Miller issues an official notice warning the state’s insurers.
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.