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Florida Senate Panel Wants More Rate Comparison, Cost, Profit Info on OIR Website

Insurance Journal

The Florida Office of Insurance Regulation provides a rate comparison tool on its website for homeowners’ and auto insurance, allowing consumers to view estimated premiums for limited types of properties and policyholders. Under a bill approved by the Florida Senate …

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What Agents Should Know About Tariffs and Insurance Costs

American Agents Alliance

The global economy is increasingly interconnected, and even in industries like insurance, global issues like supply chain challenges, tariffs, and trade agreements can have significant impacts. While the relationship between tariffs and insurance costs can seem unrelated, tariffs can increase costs for insurers and policyholders.

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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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Severe Weather Affects Auto Insurance and Repair Industry

American Agents Alliance

Severe weather is transforming the auto insurance industry. This means insurers must adapt to changing weather patterns and increasing unpredictability. Focused on the impacts of severe weather events on the auto insurance and repair industries, the report gives timely details on the future of the industry.

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Blog Post: How Autonomous Vehicles Could Dramatically Change Car Insurance

LexisNexis

State Differences Could Affect How AVs Are Insured As cars move up the SAE levels of autonomy, auto insurance companies are going to have to adjust their polices to hold automakers and software developers liable for collisions, at least under some circumstances. Over half of those states have enacted such measures.

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New Triple-I Issue Brief Puts the Spotlight on Georgia’s Insurance Affordability Crisis

Triple-I: Homeowners Insurance

Tort reform is discussed as a legislative solution to the challenge of legal system abuse excessive policyholder or plaintiff attorney practices that increase costs and time to settle insurance claims.

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Human Needs Drive Insurance and Should Drive Tech Solutions

Triple-I: Homeowners Insurance

Role of telematics Usage-based insurance, for instance, allows insurers to tailor auto rates based on the policyholders driving behavior, tracked by telematics. Updated legal regulations are equally important to ending legal system abuse as reasserting the key values of insurers to protect and care for policyholders.