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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > uk > news > auto-motor > embedded-luxury-carmakers-insurer-partnerships-reshape-motor-distribution-581836.aspx

Embedded luxury: Carmakers' insurer partnerships reshape motor distribution

2+ mon, 3+ day ago   (356+ words) Read next: The man who built a career on small bets is placing a big one on Santa Monica Yet the apparent simplicity masks substantial underwriting challenges. These are not routine motor products. Morgan points to the core complexity: "Developing…...

Insurance Business
insurancebusinessmag.com > ca > news > auto-motor > how-brokers-can-help-clients-cut-their-car-theft-risk-before-it-hits-their-premium-586539.aspx

How brokers can help clients cut their car theft risk before it hits their premium

3+ week, 3+ day ago   (543+ words) Auto theft continues to be one of the more significant drivers of claims frequency and premium pressure in personal lines. Brokers who can walk clients through the practical steps available to them are not only adding value to the relationship…...

Insurance Business
insurancebusinessmag.com > ca > news > auto-motor > is-doug-ford-driving-up-car-insurance-premiums-584877.aspx

Is Doug Ford driving up car insurance premiums?

1+ mon, 1+ week ago   (260+ words) For the insurance industry, that raises a question with nothing to do with politics and everything to do with claims cost. Speed is one of the strongest predictors of crash severity. So what happens to claims, and eventually to premiums,…...

@InsuranceBizUK
insurancebusinessmag.com > uk > guides > recommending-the-cheapest-cars-to-insure-for-clients-benefit-565403.aspx

Recommending the cheapest cars to insure for clients’ benefit

6+ mon, 3+ week ago   (1305+ words) Some cars are cheaper to insure than others, and it's all a question of risk. This means that the lower the risk of your client's vehicle getting into an accident or being stolen, the less they'll pay for car insurance....

Insurance Business
insurancebusinessmag.com > us > news > auto-motor > report-rising-insurance-costs-are-pricing-enthusiasts-out-of-performance-cars-580531.aspx

Report: Rising insurance costs are pricing enthusiasts out of performance cars

2+ mon, 2+ week ago   (521+ words) in higher-risk ZIP codes or those without the financial profile to absorb the premium. The discontinued...

Insurance Business
insurancebusinessmag.com > uk > news > auto-motor > record-supercar-haul-exposes-cracks-in-thirdparty-pools-and-asset-verification-585606.aspx

Record supercar haul exposes cracks in third-party pools and asset verification

1+ mon, 2+ day ago   (520+ words) A Ferrari Monza SP2 worth roughly £3.7 million was among 90 vehicles seized by the Metropolitan Police over a single weekend in Kensington, Chelsea and Hyde Park, the highest number and value taken in the five years the operation has run. The driver…...

Insurance Business
insurancebusinessmag.com > ca > news > auto-motor > dangerous-driving-survey-reveals-gap-insurers-already-price-for-caa-sco-finds-584120.aspx

Dangerous driving survey reveals gap insurers already price for, CAA SCO finds

1+ mon, 2+ week ago   (433+ words) A new survey from CAA South Central Ontario (CAA SCO) has found that nearly all Ontario drivers witness dangerous driving, but far fewer admit to it themselves, a gap that lines up closely with how Ontario insurers already assess risk…...

Insurance Business
insurancebusinessmag.com > uk > news > auto-motor > revealed--vulnerable-road-users-could-be-motor-insurers-next-claims-inflation-problem-585769.aspx

Revealed - Vulnerable road users could be motor insurers' next claims inflation problem

1+ mon, 1+ day ago   (611+ words) New analysis from Angelica Solutions says the next major cost pressure on UK motor insurers could come from a shift in who is being seriously hurt on the roads, not from claims volume overall. The consultancy reviewed police STATS19 collision data…...

Insurance Business
insurancebusinessmag.com > ca > news > marine > the-boat-coverage-that-isnt-there-until-you-go-looking-for-it-580818.aspx

The boat coverage that isn't there until you go looking for it

2+ mon, 1+ week ago   (641+ words) Insurance Business The boat coverage that isn't there until you go looking for it Mitch Insurance's Amanda Conley says 'my boat is insured' is the assumption that leaves owners paying salvage bills out of pocket Boating season brings a wave…...

Insurance Business
insurancebusinessmag.com > ca > news > auto-motor > canadian-ev-insurance-costs-36-8-more-than-gas--the-gap-is-getting-wider-not-smaller-581384.aspx

Canadian EV insurance costs 36.8% more than gas. The gap is getting wider, not smaller

2+ mon, 6+ day ago   (768+ words) Canada's EV insurance problem is circular. Adoption is low, so actuaries have thin claims data, so pricing stays conservative, so premiums stay high, so adoption stays low. It is the kind of cycle that a clear policy signal could break....

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