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American Mobile Insurance Exchange reportedly made the move due to its deteriorating financial conditions.
The proposed class includes individuals in Kansas covered by Safe Auto whose vehicle damage exceeded their value.
Progressive, State Farm, Allstate and GEICO have been impacted.
Planet Earth recorded the hottest day on record on Sun., July 21, 2024.
This week's update includes insurance industry news from Coalition, CRC Group, Glia and more.
Under Hawaii law, insurance-policy customers must be "made whole" before insurers can demand reimbursement.
Insurers can use AI and machine learning to detect the likelihood of a large verdict, this technologist argues.
The complex's insurance limits were made up of a primary policy of $1 million and two excess policies of $5 million each, according to the plaintiff counsel.
Industries that experienced the highest number of compromises include financial services and health care.
Insurance technology news from Cytora, Selective Insurance, Karma Wallet and more.