News
Allstate fourth insurer in recent months to file for rate reduction in Georgia
12+ hour, 8+ min ago (538+ words) Allstate has filed a 5% rate reduction for auto insurance in Georgia, becoming the latest company to file for a decrease in the state." The reduction will affect tens of thousands of Georgia drivers, a release from Safety Fire Commissioner John…...
Insurance spends on REPAIR Act, towing, and natural disaster lobbying in Q4
1+ week, 1+ day ago (463+ words) Fourth-quarter lobbying disclosures from 2025 show insurance companies and groups focused on multiple issues that impact the repair industry in the last part of the year, including the REPAIR Act, towing regulations, and disaster insurance issues, according to documents filed with…...
Appeals court to reconsider class ruling in suit against State Farm claiming undervalued total losses
1+ week, 5+ day ago (526+ words) A breach of contract lawsuit filed in Tennessee against State Farm over alleged undervalued total losses could lose its class action status following a Jan. 29 Sixth Circuit Court of Appeals decision vacating its earlier judgment. Instead, the appeals court judges…...
Oklahoma article questions insurance involvement on lawmaking in the state
1+ week, 6+ day ago (722+ words) Oklahoma legislators are questioning property insurance's influence on lawmaking in the state, according to a recent article published by Oklahoma Watch, a nonprofit news site." The article specifically focuses on Rep. Mark Tedford (R-District 69) and Aaron Reinhardt's (R-District 37) sponsorship of…...
Rhode Island introduces property insurance bad faith bill
1+ week, 6+ day ago (300+ words) A Rhode Island bill would allow consumers to seek recovery when an insurer, in bad faith, refuses to pay or settle a claim, regardless of whether there is a breach of contract." Senate Bill 2311 adds that good faith and fair…...
State Farm notifies employees of voluntary exit progam
5+ mon, 1+ week ago (454+ words) State Farm has notified employees via email that a voluntary exit program will start soon, according to a report from WGLT, a public radio station covering the Bloomington, Illinois area, where the insurance company is headquartered." WGLT says the exit…...
Greater consumer rights and transparency needed around insurance risk scores, CFA tells NAIC
6+ mon, 1+ week ago (473+ words) The Consumer Federation of America (CFA) and the Center for Insurance Research (CIR) are requesting recommendations from the National Association of Insurance Commissioners (NAIC) that would enhance consumer rights and transparency on unknown and undisclosed risk characteristics in property and…...
Governmental Committee explores total loss views from repairer, insurer and state perspectives
6+ mon, 2+ week ago (1089+ words) During the first themed meeting of the Collision Industry Conference (CIC), held last week in Philadelphia, a panel on how total losses are determined by law was held with input from repairer, insurer, and government perspectives. Jill Tuggle, CIC Governmental Committee…...
Illinois auto and home insurance rate review bill could pick up steam following State Farm’s homeowners hike
6+ mon, 3+ week ago (394+ words) Auto insurance could be included in legislation that Illinois Gov. JB Pritzker has called for after State Farm hiked homeowners insurance by 27.2% earlier this month." Illinois is the only state without an insurance rate review process." Rep. Bob Morgan told…...
Pennsylvania Insurance Department blocks $85.3 million in personal auto premium increases
7+ mon, 3+ day ago (439+ words) The Pennsylvania Insurance Department (PID) says that during the first six months of this year, it blocked $210.1 million, including $85.3 million in personal auto, in requested annual property and casualty (P&C) insurance premium increases. The PID blocked the increases through its…...