A new model tracks U.S. household spending and employment patterns to predict financial strain, policy lapses, and claims risk more accurately than traditional credit-based methods.
Winter weather contributes to a rise in rear-end, lane-change, and single-vehicle collisions. Data underscores the need for seasonal claims preparedness and driver safety outreach.
Fraud schemes are pushing up premiums and targeting vulnerable consumers after disasters, crashes, and medical visits. NICB encourages policyholders to report suspicious activity.
Arctic air will sweep into the central and eastern U.S., bringing record-setting cold, early snow chances, and increased risk for freeze-related property and auto claims.
Trucking companies face shrinking margins from high insurance premiums, nuclear verdicts, and slow claims resolution, but safety tech and tort reform offer glimmers of hope.
A former rental agency employee allegedly used insider access to steal and re-rent vehicles across Onondaga County. Most vehicles have been recovered, but some remain missing.
Rising premiums, severe weather, and consumer distrust have pushed the personal lines market to a breaking point. Nationwide outlines how carriers and agents can restore trust through proactive protection.
Despite global uncertainty and catastrophe losses, the property/casualty insurance sector is on pace for a second profitable year. Adjusters should note shifts in underwriting performance across key lines.