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NY fire departments seeing soaring vehicle insurance costs, Hochul says while pushing reforms
1+ hour, 55+ min ago (290+ words) ALBANY "First responders like firefighters are seeing soaring costs and increased risks under New York's trial-lawyer friendly car accident liability laws, Gov. Kathy Hochul charged Friday. Hochul " who has been deadlocked with the state Legislature over the issue " doubled down…...
New Yorkers Can't Afford $3, 000 Car Insurance Rates
11+ hour, 7+ min ago (709+ words) Jenkins & Spano back Gov. Hochul's Car Insurance Reform, Urge Westchester Lawmakers to Support it. Westchester County Executive Ken Jenkins and Yonkers Mayor Mike Spano recently penned an OP-ED for Lo Hud. com calling for state legislative leaders, including Majority Leader…...
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles
17+ hour, 11+ min ago (379+ words) Almost all consumers agree that insurance policies should evolve to provide clearer coverage for micromobility vehicles on public roads, Nationwide shared in a new report. Nine in 10 respondents to a recent survey commissioned by the insurer held that view. Among…...
State Farm Agrees to $15 M Settlement for Underpaid Vehicle Claims in Arkansas
6+ hour ago (446+ words) A federal judge last month approved a preliminary class settlement resolving claims that State Farm underpaid Arkansas policyholders for total loss vehicle claims by applying an erroneous valuation method. Under the settlement agreement, State Farm will pay $15. 6 million to policyholders…...
Deciding where to live in Peoria could change your auto insurance rate
23+ hour, 24+ min ago (438+ words) PEORIA, Ill. (WMBD) " Auto insurance liability coverage in Peoria Heights is, on average $50 more expensive than in Peoria, according to car service platform Way. And a study by a New York-based company might have a reason why. Or your credit score....
Trial Lawyers, Consumer Advocates Respond to New Report Showing Insurers Deny Half of All Auto Insurance Claims
1+ day, 3+ hour ago (278+ words) NEW YORK, April 16, 2026 /PRNewswire/ -- As Governor Hochul pushes insurance company-backed proposals to limit victims' rights, a'new report'by an independent research organization found that New York auto insurance companies close nearly half of all liability claims without any payout even as…...
Car insurance premium inequities are driven by age, credit and ZIP code, study finds
1+ day, 8+ hour ago (740+ words) A new study found that factors such as ZIP code, age or credit score could more than double a person's car insurance premium. Pat Nabong / Sun-Times It's well known that auto insurance companies charge more to people who have caused…...
Call for Entries: Best New Auto Insurance Company 2026
14+ hour, 36+ min ago (312+ words) The Global Banking & Finance Review Awards programme has officially opened nominations for Best New Auto Insurance Company 2026, recognising emerging insurers that have demonstrated excellence in innovation, customer service, and market impact within the automotive insurance sector. As the auto insurance…...
With Falling Private Re Prices, Should Florida Let Insurers Buy Less from the Cat Fund?
1+ day, 17+ hour ago (509+ words) For years, a segment of the Florida property insurance industry had lobbied for more access to the lower-cost reinsurance offered by the state-sanctioned Florida Hurricane Catastrophe Fund'mainly through a lowered retention, or deductible, level. Today, three years into Florida's tort-reform…...
Bill would raise mandatory auto insurance coverage by $1, 500.
1+ day, 13+ hour ago (378+ words) Rep. V'ctor Par's Otero, who chairs the House Government Committee, announced Wednesday the filing of legislation that would increase the mandatory automobile accident coverage provided by Puerto Rico's Joint Underwriting Association from $4, 500 to $6, 000, without raising insurance premiums for drivers. In…...