News
Consumers less satisfied if forced to switch channels during auto insurance inquiry
20+ hour, 35+ min ago (612+ words) Consumers who have to switch channels for a single auto insurance inquiry are less satisfied and less likely to renew, the JD Power 2026 U. S. Auto Insurance Study found." According to the study findings, nearly half (46%) of consumers used multiple interaction channels…...
Lexis Nexis, J. D. Power report upward insurance shopping and switching trends
4+ week, 21+ hour ago (558+ words) U. S. auto insurance shopping and new business growth shifted from "hot" to "warm" in Q1 2026, according to the latest U. S. Insurance Demand Meter from Lexis Nexis Risk Solutions. Year-over-year (YOY) shopping growth decreased to 3. 2%, turning negative in March, down from an increase of…...
NC insurance commissioner: No "magic bullet" to solve insurance issues
1+ mon, 1+ week ago (999+ words) North Carolina Insurance Commissioner Mike Causey told collision repairers and others associated with the industry last week that "nobody has a magic bullet" to improve insurance claims handling practices. Causey and North Carolina Department of Insurance (NCDOI) Vehicle Towing, Recovery,…...
California insurance department submits Prop 103 rulemaking package for final review
1+ mon, 2+ week ago (420+ words) The California Department of Insurance (CDI) has submitted its Intervenor and Administrative Hearing Bureau Fairness and Accountability rulemaking package to the Office of Administrative Law (OAL) for final review, which it says marks the most significant modernization of the intervenor system…...
Illinois Secretary of State releases study on insurance industry ratemaking practices
1+ mon, 2+ week ago (534+ words) Illinois Secretary of State Alexi Giannoulias releases a study that details how auto insurance companies are using non-driving factors to increase costs for Illinois drivers." "This study puts hard data behind what Illinois drivers have been experiencing for years " pricing…...
State Farm to settle Arkansas actual cash value lawsuit for $15. 6 million
1+ mon, 4+ week ago (532+ words) State Farm has agreed to settle an Arkansas class action lawsuit over alleged undervalued actual cash values for nearly $15. 6 million. Rose Chadwick, the lead plaintiff, filed the suit in 2021, alleging that State Farm used Audatex North America valuation reports to…...
CCC Crash Course looks at changing consumer claims practices
2+ mon, 3+ day ago (568+ words) Affordability challenges are making consumers treat lower-severity claims as optional purchases, a new CCC Crash Course report says." As smaller claims decrease within first-party coverages, the severity mix is reshaping, the report says. This follows decisions by consumers to opt…...
North Carolina Department of Insurance officials to speak at SCRS open meeting in April
2+ mon, 1+ week ago (480+ words) During an upcoming open meeting of the Society of Collision Repair Specialists (SCRS), a panel of speakers from the North Carolina Department of Insurance will discuss consumer protections and effective complaint-resolution strategies. The meeting will be held on April 21 from…...
P&C Specialist article focuses on recent State Farm auto claim practice shifts
2+ mon, 2+ week ago (1224+ words) A new P&C Specialist article explores a change in State Farm auto claim practices, which includes cutting labor rates and the use of centralized auto claim audit teams." "The Bloomington, Illinois-based insurer has lowered labor rates by as much…...
Illinois bill that would create auto and home insurance rate review process passes through house
2+ mon, 2+ week ago (624+ words) An Illinois bill that would create a rate review process for auto and homeowner insurance in the state has passed the house. The bill, SB 1486, follows Illinois Gov. JB Pritzker calling for legislation in July after State Farm hiked homeowners…...