In the face of ever-increasing premiums, auto owners are foregoing coverage, taking higher deductibles and not filing claims. This marks a profound change.
Rising repair costs and climate disasters force insurers to push auto premiums to historic height, especially in Maryland, South Carolina, New York and seven other states.
The on-demand economy is exploding, but building suitable auto insurance products and services for the drivers fueling this economy is taking far too long.
Smartphones and apps are now at the point where we can all have dashcams — reducing fraud, simplifying the adjudication of claims, and curbing risky driving.
Here are six strategic steps carriers can take to better prepare for handling auto claims following severe weather, such as the recent Hurricane Helene.