News
New York auto insurance reforms may cut premiums
8+ hour, 19+ min 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…...
Pennsylvania AG reaches GEICO deal over AI-linked policy review
1+ week, 3+ day ago (248+ words) Pennsylvania Attorney General Dave Sunday has announced an agreement with GEICO after an investigation into a policyholder complaint. The case involved a Philadelphia County woman who allegedly lost auto insurance after a review that included AI features. Sunday said consumers…...
US auto insurance shopping cools as policy growth slows in Q1 2026
3+ week, 1+ day ago (240+ words) Lexis Nexis says US auto insurance shopping rose 3. 2% in Q1 2026, while new policy growth slowed to 3. 6% after hotter activity...
Illinois Senate passes auto insurance rate notice Bill 714 for drivers
3+ week, 1+ day ago (280+ words) The Illinois Senate passed legislation Wednesday aimed at lowering auto insurance costs for consumers. Senate Bill 714 would restrict insurers from raising auto insurance premiums by more than 10% without notifying policyholders before renewal or an anniversary date. The Illinois Department of…...
BYD picks bolttech for embedded EV insurance in Europe
4+ week, 4+ hour ago (530+ words) BYD appointed bolttech as its preferred strategic partner for embedded insurance across its main European markets. It gives BYD customers access to motor insurance during the vehicle purchase and finance process, both online and through dealerships. The partnership has already…...
Insurtech Root posts record Q1 net income of $35. 9 mn as AI automation expands
4+ week, 1+ day ago (475+ words) Insurtech Root reported first-quarter 2026 net income of $35. 9 mn, the strongest quarterly result in the company's history, compared with $18. 4 mn during the same period last year. Combined ratio improved to 91. 4 in Q1 from 95. 6 a year earlier. Policies in force increased 9% year over…...
New York $268 bn budget plan includes auto insurance reforms and consumer protections
4+ week, 1+ day ago (953+ words) New York Governor Kathy Hochul said the state reached a 2026-2027 budget agreement totaling about $268 bn, though legislative leaders disputed whether the deal had fully closed. The budget was due by April 1, but lawmakers passed nine temporary extensions to keep state…...
Connecticut court says rental car passengers can access uninsured motorist cover
1+ mon, 2+ week ago (427+ words) The Connecticut Supreme Court ruled that when a driver's auto policy extends bodily injury coverage to a rental car, uninsured motorist coverage must also apply to injured passengers in that vehicle, even when those passengers are not named insureds on…...
Illinois pushes auto insurance overhaul amid rising premiums
1+ mon, 4+ week ago (524+ words) Auto insurance premiums have climbed hard in recent years, making car ownership less affordable and, for many households, out of reach. Supporters of the Driving Change proposal argue insurers still do not price coverage mainly around how safely people drive....
Sypher Insurance Exchange wins Florida permit as startup insurer targets organic growth
2+ mon, 1+ week ago (329+ words) Sypher Insurance Exchange, the startup property insurer backed by the Florida Association of Insurance Agents two years ago, has secured a permit to operate from the Florida Office of Insurance Regulation. The Tampa-based reciprocal now has until mid-May to submit…...