Georgia lawmakers have approved two bills that could have a significant impact on windstorm and bad-faith claim losses for property insurers. First, the bad-faith reform legislation. Auto insurers have for years fought for changes to Georgia’s auto claims-handling statutes, after …
A Springfield, Massachusetts man was sentenced last week in federal court in Boston for his role in a regional organized theft crew that stole catalytic converters from nearly 500 vehicles, robbed jewelry stores and stole banks automatic teller machines. Nicolas …
NAPLES, Fla. (AP) — A pilot and co-pilot were identified as the two killed in a fiery plane crash on a Florida highway, law enforcement officials said. The Collier County Sheriff’s Office identified Edward Daniel Murphy, a 50-year-old pilot and …
After an Allstate Insurance investigation alleged that a well-known Florida pain clinic had conspired with an injury law firm and had fraudulently billed the auto insurer for unnecessary surgeries and risky procedures, Allstate took the unusual step of striking an …
Vehicle theft rates continue to put pressure on the personal auto insurance market. CCC Intelligent Solutions said in its year-end report that the number of vehicle thefts in the U.S. increased 2% in the first half of 2023 after rising …
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 Insurance Trends report says the amount …
In one of his last official acts in office, Massachusetts Gov. Charlie Baker yesterday signed a bill designed to curb the theft of catalytic converters by regulating the purchase of the automobile parts by scrap metal dealers. Scrap metal buyers …
U.S. District Attorney Vanessa Roberts Avery in Connecticut announced the unsealing of a nine-count indictment that charges five men with federal offenses related to their participation in a stolen catalytic converter trafficking ring. The indictment, returned by a federal grand …
A proposed bill was heard last month in the Massachusetts legislature that aims to place a time limit on auto insurance claims investigations and would make investigating insurers responsible for premium payments until the cause of loss is determined. The …
The Texas House of Representatives recently advance two pieces of legislation that address claims arising out of vehicle accidents. House Bill 359 The Texas House May 7 passed House Bill 359, which addresses delaying tactics practiced by insurers in claims …
