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NYDFS Fines Three Dozen Auto Insurers $20M for Slow Reporting on Policies

Insurance Journal

Multi-year market conduct investigations by the New York State Department of Financial Services have resulted in $20 million in fines and consent orders against three dozen auto insurers for failing to timely report new and terminated auto insurance policies.

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Utah Insurance Department Warns of Phony Policies Sold on Social Media

Insurance Journal

The Utah Insurance Department’s Fraud Division is warning consumers about an increase in fake auto insurance policies being marketed to the Hispanic community using WhatsApp. The department has not identified the sellers, but they believe them to be located outside …

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What Are the Risks of Liability Only Auto Insurance?

TGS

TGS Insurance Blog Lets be realwhen its time to pick an auto insurance policy, most of us are just hunting for the cheapest option that doesnt leave us totally exposed. So, lets break it down: what exactly is liability only auto insurance, and what risks are you signing up for if you roll with it?

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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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Uber Targets Personal Injury Lawyers in Multimillion Dollar Ad Campaign

Insurance Journal

is pouring millions of dollars into a national ad campaign to push for reforms in insurance policies that it says have been exploited by personal injury lawyers and contribute to higher ride prices. Uber Technologies Inc. The San Francisco-based rideshare …

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Keeping Coverage Affordable: California Drivers Will See Auto Insurance Rate Increases in 2025

Freeway Insurance

New Legislation Means Many California Drivers Will Need More Coverage in 2025 Now that 2025 is here, many California drivers will face another significant auto insurance rate increase. This latest change could disproportionately affect communities where insurance costs already strain household budgets.

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Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Review and Update Your Business Insurance Coverage Expanding to a new location changes your businesss risk exposure. If customers, vendors, or visitors will be on-site, this policy is essential.