Vehicle Thefts Drop to Historic Low in 2024
The U.S. saw fewer than one million vehicle thefts in 2024—a 16.7% drop from 2023 and the biggest decline in four decades, with Kia and Hyundai models leading theft stats.
April 23
Auto
Fraud
Property
Risk Management
How Digital Payments Are Reshaping the Insurance Claims Experience
The insurance industry is navigating complex challenges to digitize payments, improve claims satisfaction, and meet the rising expectations of policyholders and vendors.
April 18
Auto
Insurance Industry
Technology
Workers' Compensation
Lemonade Data Breach Linked to Auto Insurance Quoting System Flaw
A technical glitch in Lemonade’s auto quote system led to the exposure of nearly 190,000 driver’s license numbers, highlighting cybersecurity risks in digital insurance platforms.
April 18
Auto
Insurance Industry
Legislation & Regulation
Technology
New York
Texas Widow Working Two Jobs Says Former Insurance Agent Took $9K in Premium Payments
A Friendswood, Texas woman says she lost nearly $9,000 after paying premiums via Venmo to a former insurance agent who had already surrendered his license.
April 18
Auto
Fraud
Insurance Industry
Property
Texas
Missouri Man Sentenced to Prison for Staging Car Crashes and Defrauding Insurers
A Missouri man who staged nighttime auto accidents and faked injuries to collect insurance payouts has been sentenced to 18 months in federal prison and ordered to pay restitution.
April 15
Auto
Fraud
Insurance Industry
Litigation
Missouri
Liberty Mutual Fined $300,000 in Delaware Over False Insurance Discount Ads
Delaware regulators fined three Liberty Mutual companies $300,000 for advertising homeowners and auto insurance discounts not available to policyholders in the state.
April 15
Auto
Legislation & Regulation
Litigation
Property
Delaware
Auto Insurance Premiums Set to Rise as Global Tariffs Drive Up Repair Costs
New global vehicle and parts tariffs are expected to drive up repair and claim costs, forcing U.S. auto insurers to implement more premium increases in 2025.
April 4
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Root Insurance Pays $975K to Settle Data Breach That Exposed Driver’s License Info of Thousands in New York
New York AG Letitia James secured $975,000 from Root Insurance after a website vulnerability allowed hackers to steal over 44,000 New Yorkers’ driver’s license numbers.
March 24
Auto
Litigation
Risk Management
Technology
New York
Ohio
Dash Cam Captures Wild Hummer H2 Insurance Scam Attempt
A motorist in Denver narrowly avoided a suspicious insurance fraud attempt when a reckless Hummer H2 driver suddenly braked and reversed toward their vehicle. Thanks to a dash cam, the incident was recorded, showing what appears to be either an attempted scam or extreme road rage.
March 7
Auto
Fraud
Litigation
Risk Management
Colorado
Florida’s Insurance Market Faces Shake-Up as Lawmakers Tackle Rising Costs
With soaring premiums and industry instability, Florida lawmakers are pushing for reforms in home and auto insurance. Transparency, incentives, and technology may offer relief, but challenges remain.
March 5
Auto
Legislation & Regulation
Property
Technology
Florida
Insurance Fraud Surges in Canada, Hitting Auto Repair Shops Hard
Fraud investigations in Canada jumped 76% in 2024, with auto-related scams making up 67% of cases. Staged crashes, AI-powered fraud, and stolen vehicle scams are straining repair shops.
March 4
Auto
Fraud
Insurance Industry
Risk Management
California Drivers Targeted by Predatory Towing Scam After Accidents
A fraudulent tow truck scheme is spreading across California, with scammers seizing vehicles after crashes and demanding excessive fees before releasing them to owners.
February 21
Auto
Fraud
Legislation & Regulation
Litigation
California
Tesla Recalls 380,000 Vehicles Over Power Steering Assist Failure
Tesla is recalling nearly 380,000 Model 3 and Model Y vehicles in the U.S. due to a power steering assist failure linked to older software, increasing the risk of a crash.
February 21
Auto
Litigation
Risk Management
Technology
Uninsured and Underinsured Drivers on the Rise in 2023, IRC Report Finds
A new Insurance Research Council (IRC) report reveals that over 33% of U.S. drivers in 2023 lacked sufficient auto insurance, marking a significant increase since 2017.
February 21
Auto
Insurance Industry
Legislation & Regulation
Risk Management
Colorado
District Of Columbia
Florida
Georgia
Kentucky
US P&C Insurance Industry Improves in 2024 Despite Underwriting Losses
Higher interest rates and improved underwriting have helped the US property and casualty insurance industry recover in 2024, with continued growth and profitability expected in 2025.
February 20
Auto
Insurance Industry
Property
Risk Management
