Car insurance premiums are skyrocketing primarily due to rising auto parts costs and extreme weather, according to virtual insurance agent platform Insurify’s Q3 2023 Mid-Year Auto Insurance Trends Report. In the first six months of this year, car insurance premiums …
On average, home and auto insurance premiums in Ohio remain among the lowest in the country, the insurance department says. The Ohio Department of Insurance reported that a recent analysis shows the average homeowners insurance policy costs Ohioans $862 annually, …
Delaware Insurance Commissioner Trinidad Navarro responded strongly to a Consumer Federation of America report that Delaware service members may return home from deployment to increased auto insurance premiums, calling the practice completely unacceptable and issuing a formal bulletin to insurance …
State Farm Mutual Automobile Insurance Company plans to cut its rates in Pennsylvania. The total state-wide expected impact of this rate change for State Farm Mutual in Pennsylvania is approximately $49.5 million, set to affect approximately 1.7 million policyholders. As …
The Rhode Island General Assembly has passed H-8013/S-2679, which aims to effectively ban the use of aftermarket parts in the repair of vehicles. The bill is now awaiting Rhode Island Governor Gina Raimondo’s action. If signed, the legislation provides that …
Maine Bureau of Insurance Superintendent Eric Cioppa has denied Progressive’s request to raise auto insurance rates for new customers above the age of 65. Cioppa stated in the August 10 ruling that the move would have affected more than 65,000 …
As the California Department of Insurance stages hearings on proposed regulations designed to give more money to auto body repair shops, a handful of property/casualty insurance trade associations are voicing their opposition to the proposals. The groups are: The American …
Delaware Insurance Commissioner Karen Weldin Stewart announced Wednesday that her department will not approve any auto insurance company’s rate submission that includes a “widow’s penalty,” under which a widow or widower is charged a higher rate based solely on the …
Pennsylvania Insurance Commissioner Teresa Miller issued a consumer alert announcing that she will not approve auto insurance rate filings that contain the so-called “widow’s penalty,” under which a widow or widower is charged a higher rate solely based on the …
Michigan can lower auto insurance premiums without making major changes to the state’s no-fault system proposed in legislation that has stalled for months, according to a nonpartisan report issued Oct. 14. The Citizens Research Council of Michigan, which studied medical …
