Most Popular Auto Headlines This Year
The most viewed headlines from our Auto Topic Page over the last year.
#1 10 Largest Auto Insurers Each Raised Rates by Double Digits in 2023
Jan 18 2024 // According to S&P Global Market Intelligence’s RateWatch, Farmers Insurance instituted double-digit rate increases in 43 states in 2023 for a weighted average rate increase of 17.6%—and its private-auto...
#2 19 Dead, Hundreds of Auto Accidents from Ice Storm in Tennessee, Mississippi
Jan 19 2024 // Tennessee health officials have confirmed at least 14 weather-related deaths from the icy storm that has gripped much of the country. Memphis-Shelby County Schools, the state’s largest public school system with about...
#3 Auto Insurance Results ‘Historically Bad’ in 2022: S&P
May 12 2023 // In 2022, the U.S. private auto insurance industry reported its worst underwriting results in over two decades, according to a S&P Global Market Intelligence analysis. The net combined ratio for the sector — when...
#4 Kemper Exits Preferred Home and Auto Business Immediately
Aug 8 2023 // As it reported a net loss in the second quarter of about $97 million, Kemper Corp. said Monday that it is exiting the preferred home and auto insurance market. Kemper said it will “actively reduce the business...
#5 Nationwide E&S Exits Commercial Auto Effective July 15
Jun 29 2023 // Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to Nationwide brokers this week...
#6 Allstate Announces May Catastrophe Losses, Auto Rate Hikes
Jun 15 2023 // Allstate Corp. today released estimated catastrophe losses for the month of May of $885 million or $699 million, after-tax. There were a dozen events in May causing $893 million in catastrophe losses, Allstate said, but...
#7 Auto Insurance Costs Soar by 20% in the US
Jan 12 2024 // There’s no relief in sight for US car owners who’ve faced soaring costs of maintaining a vehicle in the past two years. Prices of motor-vehicle insurance rose 20.3% in December from a year earlier, the biggest...
#8 Tesla Launched its Own Car Insurance. These Drivers Say it’s a Lemon.
Nov 21 2023 // In February, Mark Bova purchased a used 2018 Tesla Model S. Before leaving the dealer, he bought insurance from Tesla, finding the initial $93 monthly premium “really reasonable.” Sixteen days later, as he...
#9 Six Charged in Alleged $1M Auto Insurance Claims Scheme in Massachusetts
Feb 27 2024 // Six people have been indicted in connection with the alleged filing of fraudulent insurance claims through their auto body repair business in Everett, Massachusetts. Four of the defendants were arraigned this week in...
#10 Officials Say California Family Arraigned for Auto Insurance Fraud Filed 40-Plus Claims
Feb 2 2024 // Shannon Ninio, 60, of North Hills was arraigned for insurance fraud after a California Department of Insurance investigation found she and her husband, Moshe Ninio, allegedly stole customers’ personal information and...
#11 Officials Say California Family Arraigned for Auto Insurance Fraud Filed 40-Plus Claims
Feb 19 2024 // Shannon Ninio, 60, of North Hills was arraigned for insurance fraud after a California Department of Insurance investigation found she and her husband, Moshe Ninio, allegedly stole customers’ personal information and...
#12 Fed Judges Ask Florida Supreme Court to Decide if Insurers Can Sue Auto-Glass Shops
Nov 9 2023 // The Florida Legislature earlier this year struck a mighty blow for auto insurers in their years-long fight against windshield repair shops, ending assignment-of-benefits and the practice of offering gifts to insureds. Now,...
#13 Mom Not Liable in Son’s Crash of Family Car, Florida Supreme Court Says
Nov 17 2023 // Florida families and their auto insurers can rest a little easier after the state Supreme Court decided Thursday that a mom cannot be held vicariously liable for an accident caused by her son who had borrowed the family...
#14 Allstate Reverses Q4 Loss With Benefit of Low Cat Losses, Auto Rate Increases
Feb 8 2024 // Allstate Corp. fourth quarter 2023 net income attributable to common shareholders was about $1.5 billion, reversing a loss of $303 million during the same time the prior year. Allstate CEO Tom Wilson said “improved...
#15 Usage-Based Insurance Surges as Customers Dissatisfied With Auto Insurance
Jun 14 2023 // About one third of auto insurance customers in the U.S. reported a rate increase in the past year, leading to a growing number moving to usage-based insurance (UBI). This has led to the largest decline in customer...
#16 Liberty Mutual, Auto-Owners See DPW Jump in Q1
Jul 6 2023 // Though the U.S. commercial auto insurance industry’s 2022 combined ratio came in above 100 for the fourth time in five years, Liberty Mutual and Auto-Owners started 2023 with double-digit growth in direct premiums,...
#17 California Commissioner Warns Insurers About Auto Insurance Consumer Complaints
Dec 22 2023 // California Insurance Commissioner Ricardo Lara issued an official notice to insurers regarding consumers who have been reporting issues obtaining auto insurance coverage. The California Department of Insurance continues to...
#18 Truck Engine Maker Cummins to Pay Record $1.675 Billion US Environmental Fine
Dec 28 2023 // Truck engine maker Cummins Inc. has agreed in principle to pay a $1.675 billion fine for installing devices on hundreds of thousands of engines to allow them to emit excess pollution, the largest-ever civil penalty for a...
#19 Auto Claim Severity Up 35% over Pre-Pandemic Rates – LexisNexis Report
May 12 2023 // Claim severity for bodily injury and property damage increased by 35% since 2019, while collision claim severity has jumped 40%, LexisNexis Risk Solutions says in a new report. The data broker’s 2023 U.S. Auto...
#20 Rate Hikes Not Bringing Profit to US Auto Insurers: Fitch
Aug 18 2023 // Jumps in rates and written premiums did little to move the needle on underwriting profits for U.S. personal auto insurers, Fitch Ratings reported based on a recent review of midyear results of nine big market...
