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U.S. Auto Insurers’ Strong Performance to Continue Through 2025: Fitch

Insurance Journal

personal auto insurers are likely to continue through the end of 2024 and into 2025 due to material price increases and a moderation of claims severity trends “vastly” improving the segment’s profit footing, … More favorable mid-year 2024 results of U.S.

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Three Charged With Auto Insurance Fraud in Miami After False Injury Claims

Insurance Journal

Florida authorities have charged a Miami-area nurse practitioner and two others with creating false medical reports and attempting to defraud an auto insurance carrier out of more than $47,000. Local news reports said that investigators with the state Department of …

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Blacks and Hispanics Pay More for Auto Insurance. Study Tries to Answer Why.

Insurance Journal

A new study examining potential unintentional bias in auto insurance finds that while Black and Hispanic drivers pay more than other drivers for coverage, they also have more claims and driving infractions. The study’s authors accept that higher losses and …

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Colorado Man Who Aided Former Adjuster in $268K Auto Insurance Fraud Scheme Sentenced

Insurance Journal

A Colorado man who aided a former insurance claims adjuster in an auto insurance claims scheme was sentenced this week. In 2020, Brassfield, 55, of Aurora, reportedly aided former Travelers Insurance employee Colette Palin, 63, of Aurora in committing fraud.

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Five Collision Claim Trends to Watch in 2025

Insurance Journal

The auto insurance industry has weathered its share of storms in recent years. Despite fewer claims in early 2024, carriers still face headwinds when it comes to vehicle complexity and its effect on severity and cycle time. Following are the …

Claim 255
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California Man Sentenced to 16 Years for Auto Insurance Fraud

Insurance Journal

A California man was sentenced to 16 years in prison for filing false claims on dozens of auto collisions. Jacob McNabb, 33, of Bakersfield, was sentenced following a jury’s guilty verdict on four felony counts including insurance fraud after a …

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New Hampshire High Court Invalidates Geico Underinsured Claim Provision

Insurance Journal

A claim provision requiring insureds to seek underinsured benefits from their auto insurer within three years of an accident is unenforceable in New Hampshire because it restricts the insureds’ right to obtain the same benefits they would have received if …

Claim 246