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News
Auto insurance shopping declined in Q2 2026
2+ day, 13+ hour ago (338+ words) Auto insurance shopping declined in the second quarter of 2026, but switching increased, according to the J.D. Power Signals Intelligence for Personal Lines Insurance Quarterly Report, produced with TransUnion. The pattern points to a narrower, more selective consumer market. Fewer auto insurance…...
Illinois Bill 714 targets auto insurance premium hikes
1+ week, 1+ day ago (357+ words) Illinois enacted a new auto insurance law that gives state regulators more oversight of premium increases and creates new consumer protections for drivers. Senate Bill 714 was signed into law Tuesday. It takes effect July 1, 2027. State Senator Ram Villivalam, a Chicago…...
Illinois gives regulators power over auto insurance rates
1+ week, 1+ day ago (491+ words) Illinois Gov. JB Pritzker signed legislation giving state regulators new authority to review and challenge sharp auto insurance rate increases, ending one of the least regulated auto insurance systems in the US. The measure, Senate Bill 714, takes effect July 1, 2027. It…...
Insurtech Root launches behavior-based car insurance in New Jersey
1+ week, 2+ day ago (373+ words) Root expanded its mobile-first, behavior-based car insurance product into New Jersey, bringing the telematics insurer into its 37th US state. The launch gives Root access to more than 6.6 mn eligible drivers in New Jersey and extends its reach to more than…...
New York expands auto insurance fraud crackdown
3+ week, 16+ hour ago (824+ words) New York is widening its campaign against auto insurance fraud after a sharp rise in suspected fraud incidents and rising pressure on vehicle owners. Governor Kathy Hochul said the state has seen a surge in suspected auto insurance fraud, along…...
Global commercial insurance rates fell by an average of 6% in Q2 2026
3+ week, 21+ hour ago (481+ words) Global commercial insurance rates fell by an average of 6% in the second quarter of 2026, according to Marsh’s latest Global Insurance Market Index. The decline followed a 5% drop in the first quarter and marked the eighth straight quarter of falling rates....
Allstate wins jury trial right in New Jersey insurance fraud case
3+ week, 2+ day ago (730+ words) New Jersey’s Supreme Court has ruled that Allstate Insurance has the right to a jury trial in fraud and conspiracy claims against more than 30 medical providers under the state’s Insurance Fraud Prevention Act and Anti-Racketeering Act. The court also found…...
California telematics bill could reshape auto insurance pricing
3+ week, 2+ day ago (690+ words) California lawmakers are weighing a bill that would let auto insurers monitor driver behavior in exchange for possible premium discounts, a change that would cut into one of the state’s older insurance protections and has drawn opposition from regulators, privacy…...
Mile Auto acquires Insurance House to expand pay-per-mile auto insurance
4+ week, 2+ day ago (569+ words) Mile Auto, an Atlanta-based MGA focused on pay-per-mile auto insurance, acquired The Insurance House. The deal took effect on July 1, 2026, according to Beinsure. The combined group now writes nearly $100 mn in annual premium. It serves more than 55,000 policyholders and works…...
New York auto insurance reforms may cut premiums
2+ mon, 1+ week ago (332+ words) New York drivers may see lower auto insurance premiums after state lawmakers approved a package of reforms backed by Gov. Kathy Hochul. The measures form part of the recently passed state budget and target fraud, insurer conduct, and consumer protection…...