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auto insurance

Fitch Ratings argues proposals to crack down on PIP fraud in states like Florida, Michigan and New York could have a positive effect on costs for auto insurers and possibly bring down rates for policyholders.

The Affordable Homeowners Insurance Commission, appointed last year by Gov. Robert Bentley, has endorsed three proposals currently before the Alabama Legislature.

In its first public action since it was created,

Legislators in Maryland have recently proposed a new piece of legislation that would disallow insurance companies from requiring their policyholders to buy multiple lines of insurance together.

Auto insurance fraud is a crime that costs consumers and insurance companies millions of dollars a year in increased costs while directly contributing to higher insurance rates for consumers. In states with no-fault systems, where a person who is injured in an automobile accident recovers damages up to a specific amount from his own insurance [...]

While the Florida reinsurance market shows signs of hardening, a new national auto insurance survey shows just how complicated rates can be.

Michigan’s PIP reinsurer raising rates 21%

by R.J. Lehmann on March 20, 2012

The Michigan Catastrophic Claims Association will raise premiums to $175 per insured vehicle effective July 1, in part to offset an estimated $2 billion deficit.

C-FIRE Deputy Director R.J. Lehmann talks with Robert Detlefsen of the National Association of Mutual Insurance Companies, about the recently completed NAIC meetings in New Orleans.

It wasn’t a perfect session, but ultimately, advocates of insurance reform in Florida saw lawmakers pass two of the four major insurance bills before the Legislature.

Recent efforts to combat the growing problem of auto insurance fraud in the Florida legislature have centered on reforming how insurance companies in the state handles personal injury protection (PIP) auto insurance claims. The state’s current regulations, which require a driver’s insurance company pay up to $10,000 to cover much of medical bills and lost [...]

Seven years after Hurricane Katrina, lack of affordable property insurance remains a barrier to building some parts of the Mississippi coast.

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