Allstate reports $1.17 billion loss in March alone
— April 26, 2023Allstate announced “catastrophe losses” of more than $1 billion during the month of March and said Q1 losses total $1.69 billion. The insurer attributed its…
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Jury: Tesla’s Autopilot did not fail in California crash
— April 25, 2023A California jury has ruled that Tesla’s Autopilot was not the cause of a crash that injured a Los Angeles woman in 2019. The ruling…
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IIHS calls for fast movement on impaired driving prevention technology
— April 25, 2023The Insurance Institute for Highway Safety (IIHS) executive director is calling on the government to move forward “without delay” on a law that requires all…
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Moody’s analysts say electric vehicles will be more costly for insurers
— April 24, 2023The growth of electric vehicles will have unintended consequences for auto insurers, Moody’s Investors Service analysts say. Speaking during a recent podcast, Matthias Heck, a…
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GEICO faces class action lawsuit over unpaid title and transfer fees
— April 24, 2023A U.S. District Court has granted class certification to a New Jersey woman who filed a complaint against GEICO for allegedly failing to pay the…
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Used car prices are down, inventory remains low
— April 21, 2023Used cars are likely to continue dropping in price despite inventory dipping to its lowest point since 2019, according to a Cox Automotive analysis. According…
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Chrysler announces ‘calm cabin package’ to support autism community
— April 21, 2023Chrysler has introduced a “calm cabin” add-on for its Pacifica models to help those with autism feel safe and comfortable while traveling. Through a new…
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Colorado passes right to repair legislation for farmers
— April 20, 2023Colorado’s senate has passed legislation that will require agricultural equipment makers to share their repair resources with independent repairers. The Consumer Right to Repair Agriculture…
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Allstate’s CEO received $15 million salary last year for ‘excellent’ leadership
— April 20, 2023Allstate’s top executive received $14.9 million in salary and incentives last year for delivering “excellent operating leadership in a difficult external environment,” the company said…
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New report details factors influencing insurance shopping
— April 19, 2023A newly-released J.D. Power report is shedding light on the latest property and casualty insurance trends, laying out the pain points prompting customers to switch…
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