insurance industry News

Calif. Auto Insurance Down over Quarter-Century, Groups Debate Why

The average California auto insurance expenditure fell from 1989 to 2010, while every other state in the nation saw substantial increases over that same period, according to a Consumer Federation of America analysis auto insurance expenditures. The group attributes the …

Montana Man Deliberately Crashes Into Insurance Office

Police in Missoula, Mont. say a man who rammed his sport utility vehicle into an insurance office three times was apparently expressing his frustration with the insurance industry. Police say the driver rammed the building Tuesday and then twice backed …

Insurance Executives Say Ongoing Budget Battles Will Harm U.S. Economy

Leaders of the property/casualty insurance industry believe Washington’s ongoing budget fracas will have a negative impact on the U.S. economy, according to a survey conducted by the Insurance Information Institute at its 17th annual Property/Casualty Insurance Joint Industry Forum, held …