auto insurance claims News

Waiting Period Suspended for Harvey-Related Claim Payouts for Totaled Vehicles

Texas Gov. Greg Abbott has suspended a state statute in ordered to help facilitate the payment of insurance claims for vehicles that were totaled by Hurricane Harvey, the governor’s office said. Abbott temporarily suspended a law that required a 30-day …

Autumn Clock Change Raises Evening Accident Risk by 30%: UK Telematics Study

The risk of U.K. drivers having an accident in the month following the clocks changing at the end of October* increases by 10 percent, according to Insure The Box, the telematics car insurance provider. And if they are driving between …

North Carolina Resident Accused of Using Insurance Claim Check for Personal Use

North Carolina Insurance Commissioner Wayne Goodwin announced the arrest of Alison Keli Underwood, 24, of Asheboro, N.C.; she is charged with one count of obtaining property by false pretense. NCDOI criminal investigators accuse Underwood of fraudulently obtaining $7,452.85 from Cincinnati …

3 Examples of How Telematics Can Aid Insurance Claims Handling

While information derived from usage based insurance telematics hasn’t been fully utilized in the claims process, the benefits it can provide – consistency, efficiency and accuracy – offer a way to reduce claims costs. David Lukens, LexisNexis director, says telematics …

Traffic Deaths, Costs On Pace to Reach Highest Since 2007

Traffic deaths are 14 percent higher through the first six months of 2015 than they were during the same period in 2014, and serious injuries are 30 percent higher, according to the National Safety Council. From January to June, nearly …

60K Auto Insurance Claims Expected from April Hailstorms in Texas

Multiple hailstorms in Texas over the second half of April are expected to result in at least 60,000 auto insurance claims, the Insurance Council of Texas reported. “Hail and windstorm claims are still coming in from almost every corner of …

N.J. Insurance Adjuster Receives 32-Month Prison Term for Defrauding NJTA

The owner of a New Jersey-based insurance adjusting company was sentenced on Thursday to 32 months in prison for his role in a scheme to defraud the N.J. Turnpike Authority (NJTA) and various insurance companies of at least $900,000. Robert …

Third-Party Bad Faith Claims Add $800M to Florida Auto Insurance Costs: IRC

Florida’s third-party bad-faith lawsuit environment may have resulted in more than $800 million in additional auto liability claim payments in 2013. The industry-supported Insurance Research Council (IRC) in a new report estimates that this cost averages approximately $79 in additional …

Vermont Transportation Boss Faces Insurance Fraud Charge

A Vermont Transportation Agency foreman is facing charges he lied to police and his insurance company after reporting damage to his personal truck was a hit-and-run accident, when it was hit by a new employee. Roger Daigle, of North Troy, …

Study Tracks Rise in Attorney Involvement in Auto Insurance Claims

Attorney involvement in auto insurance claims is on the rise and varies significantly by state, according to an insurance industry study. The percentage of auto injury claimants represented by attorneys rose to 36 percent of personal injury protection (PIP) claimants …