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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
However, replacement costs are still unusually high and most carriers may not yet notice the moderation.
The most common fraud involves offenders filing false or exaggerated claims, Mercury Insurance reports.
In addition, review the 10 vital components to a top-flight disaster recovery plan for commercial clients.
The scam fraudulently pulled in $60 million from auto insurance carriers.
During Q1 2024, electric cars saw a total loss rate of 9.93%, according to Mitchell International.
Consumers earning $50,000-$200,000 annually are most likely to change auto insurance.
The company's stance was an apparent attempt to gain leverage in settlement negotiations and convince the plaintiff to accept a nominal settlement.
Regulators are investigating four of the autonomous vehicle industry's most prominent companies.
Private workers' comp carriers achieved a combined ratio of 86 for the 2023 calendar year.
Lawsuits have been filed across the country that allege harms purportedly caused by PFAS chemicals.