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Auto Insurer Root to Pay New York $975K Over Data Breach

Insurance Journal

New York Attorney General Letitia James has secured $975,000 in penalties from auto insurance company Root over a data breach that the state says exposed the personal information of about 45,000 New Yorkers. Root does not offer insurance in New …

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New York Fines GEICO $9.75M, Travelers $1.5M Over Auto Insurance Cyber Breaches

Insurance Journal

Two auto insurers will pay fines totaling $11.3 million for data breaches of online insurance quoting systems that New York officials say compromised personal information of an estimated 120,000 customers in total. New York Attorney General Letitia James and New …

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New York Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies. Insurers Say There’s More to the Story

Insurance Journal

The New York State Department of Financial Services in February issued more than $20 million in fines against three dozen auto insurers – for failing to timely report new and terminated auto insurance policies. But insurance companies and advocacy groups …

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Clearcover Expands Non-Standard Auto Coverage to Texas

Insurance Journal

Digital car insurer Clearcover announced the launch of Clearcover General Agency to serve the non-standard auto insurance market in Texas. Policies will be underwritten by Old American County Mutual Fire Insurance Company, bringing Clearcover’s digital-first insurance solutions to more drivers.

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Viewpoint: Are Carriers and MGA’s Leaving Revenue on the Table?

Insurance Journal

Insurance companies spend billions of dollars a year on advertisingand for good reason. With auto insurance mandated in nearly every state and home insurance required by mortgage lenders, insurance product providers are competing for the attention of almost every American.

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Progressive and K&P’s Alleged Insurance Scheme: When Reality is Stranger Than Fiction

Property Insurance Coverage Law

Progressive Insurance Company, one of America’s largest auto insurers, is alleged to have created a scheme that would make ambulance chasers blush – directly feeding accident victim information to a law firm for solicitation. You really cannot make this stuff up.

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HCI Invested in Tampa Office Site, Now Leasing it to GEICO for 1,000-Job Expansion

Insurance Journal

Berkshire Hathaway’s GEICO insurance plans to open a new campus in Tampa late this summer, bringing more than 1,000 jobs to the area. The property and auto insurer also plans to open an office in the Dallas area by this …