New policy purchases have seen a “sizzling” increase LexisNexis has released its Insurance Demand Meter report, sharing the company’s analysis of U.S. auto insurance shopping trends in the first quarter. According to the quarterly results, auto insurance retail activity was marked as “hot” by the LexisNexis Insurance Demand Meter, up 2.9% year-over-year in the first … Read more
A new incubator program mentoring five groups on Newfoundland and Labrador’s Avalon Peninsula is now supporting new ventures with goals ranging from helping seniors to expanding local composting programs. The Newfoundland and Labrador Federation of Co-operatives is in the process of launching its six-month pilot program, which will fund the selected five groups, offer them … Read more
The number of young drivers traveling in uninsured vehicles has more than doubled in the past two years as high premiums encourage drivers to take safety risks. According to recently released data, 6,316 drivers between the ages of 17 and 20 were convicted of driving without insurance in 2023. This represents a huge increase in … Read more
As my colleague Bob Kuttner explained, yesterday’s inflation print was actually a tale of two readings. The headline figures showed only a slight moderation in price growth and sales that remain above the Federal Reserve’s 2 percent target. But if you dig into the data, you can clearly see that a few price ranges are … Read more
KANSAS CITY, Mo. — Auto insurance rates have risen 20% in the past year and the increase is forcing some customers to cut back on their coverage. KSHB 41 reporter Caroline Hogan spoke with a woman who paid out of pocket for damage caused by car burglars. Charlie Christian has never had a car broken … Read more
BRITISH motorists are being scammed out of £157, a new analysis has revealed. MPs warned today that greedy car insurers are being given the green light to defraud motorists. Car insurers rob drivers of €157 thanks to hidden costs and subscription fraudCredit: Getty The average cost of comprehensive car insurance in Britain was around 33 … Read more
Like many consumers, President Biden is ranting about shrinkflation, junk fees and corporate price hikes. But the most glaring inflation at the moment comes from a sector that is suffering large operating losses and has actually charged consumers too little in recent years. According to Wednesday’s CPI reading, the cost of auto insurance has risen … Read more
Gen Z doesn’t lie to insurance companies to get better rates, and they feel the least guilty about it. In NerdWallet’s 2024 Insurance Dishonesty Report, younger Americans were significantly more likely to say insurance lies are acceptable. Overall, about one in five, or 21 percent, of Americans admitted to deliberately providing false information on an … Read more
A California prosecutor is suing major auto insurers, including Progressive and the United Services Automobile Association (USAA), for allegedly colluding to undervalue “totaled” vehicles. In a lawsuit announced May 9, Alameda County District Attorney Pamela Price accused the insurance giants and their affiliated software developers of using appraisal software to systematically undervalue “totaled” vehicles and … Read more
The Supreme Court of India will review its 2017 order mandating a Pollution Under Control (PUC) certificate for renewing third-party car insurance policies. The decision is in response to concerns about the high number of uninsured vehicles and the difficulties accident victims face in claiming compensation. The Supreme Court of India is reviewing the … Read more