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programbusiness.com > news > florida-class-action-alleges-geico-added-unverified-drivers-to-policies-raising-premiums

Florida Class Action Alleges GEICO Added Unverified Drivers to Policies, Raising Premiums - ProgramBusiness | Where insurance industry clicks

9+ hour, 1+ min ago  (303+ words) A Florida policyholder has filed a proposed class action lawsuit against GEICO, alleging the insurer added strangers to her auto insurance policy, resulting in higher premiums. According to the complaint, GEICO uses third-party data sources to identify licensed or permitted…...

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programbusiness.com > news > axle-and-experian-integrate-real-time-insurance-verification-into-fraud-protect-platform

Axle and Experian Integrate Real-Time Insurance Verification - ProgramBusiness | Where insurance industry clicks

3+ week, 4+ day ago  (370+ words) Axle announced a strategic collaboration with Experian on Feb. 3 to integrate real-time automotive insurance verification into Experian's Fraud Protect platform. The integration aims to help automotive dealers and lenders detect fraud more effectively, support compliance, and accelerate vehicle transactions. Axle…...

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programbusiness.com > news > florida-approves-more-auto-insurance-rate-cuts-for-2026

Florida Approves More Auto Insurance Rate Cuts for 2026 - ProgramBusiness | Where insurance industry clicks

1+ mon, 9+ hour ago  (453+ words) Florida Insurance Commissioner Mike Yaworsky has approved additional auto insurance rate cuts heading into 2026. USAA filed an average 7% decrease in auto insurance rates, which will take effect by May 2026. The reduction is expected to generate more than $125 million in estimated…...

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programbusiness.com > news > liability-claims-surge-as-non-economic-inflation-drives-nuclear-verdicts-swiss-re-warns

Liability Claims Surge as Non-Economic Inflation Drives Nuclear Verdicts, Swiss Re Warns - ProgramBusiness | Where insurance industry clicks

1+ mon, 2+ week ago  (180+ words) Analysis from Swiss Re Institute shows that non-economic inflation now accounts for roughly 60% of U.S. liability claims growth. Unlike traditional drivers such as wage or price inflation, this increase stems from legal system dynamics. As a result, historical loss patterns no…...