Insurance companies are gearing up to recoup from Toyota money they paid for claims in crashes involving sudden acceleration, the subject of major safety recalls by the Japanese automaker. It could also mean money back for some drivers who paid …
Scores of high-powered U.S. trial lawyers pursuing Toyota in court over the car company’s wide-ranging safety recalls gathered Wednesday to compare notes, strategize and jostle for a prime shot at the legal bounty. The conference at a San Diego hotel …
Auto insurer Clarendon National Insurance Co. has refunded $992,000 to 1,227 automobile insurance policyholders the company overcharged when it improperly imposed a 30 percent rate hike, the New York State Insurance Department said. The Insurance Department said Clarendon also paid …
Once-favored by insurers and consumers because of its promises to limit court costs and lower premiums, no-fault automobile insurance has lost some of its appeal. For good reason, too. It has failed to deliver on its promises. According to a …
No-fault automobile insurance, once seen as a way to limit court costs and lower premiums, has declined in popularity among both insurers and consumers because it largely has failed to accomplish either goal, according to a new study issued by …
Two tax proposals that would have had negative consequences for insurers and policyholders were averted last week as the New Mexico legislature wrapped up its 2010 regular session, according to the Property Casualty Insurers Association of America (PCI). Facing a …
Dumb Fraud “This ranks as one of the dumbest things.” —Maryland Judge Michael J. Algeo, who gave a five-year suspended sentence for insurance fraud to Joseph Francis Brooks, 46, of Philadelphia. Brooks admitted that he staged a fake robbery and …
A California voter initiative that will appear on the June 8, 2010, ballot aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even if they change carriers could result in a …
Five more auto insurers in Massachusetts have reached settlements with the state’s attorney general over their failure to update at-fault accident information for drivers whom they insure. The companies involved in the settlements are Metropolitan Property & Casualty, Liberty Mutual, …
Shares in Italy’s top motor insurers could become more attractive this year because of the likely success of tariff [premium] increases in a market where rivalry from online and bank sales is still weak. Fund managers plan to increase their …
