Auto Insurance NEWS


Root Insurance announces significant expansion in Ohio

Three-year-old auto insurance startup plans to add 463 jobs – growth of 500% - in Columbus by the end of 2021. Currently available in 16 states, Root plans to be nationwide by the end of 2019.

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Trov begins U.S. rollout of on-demand insurance for individual items

Arizona is first state for launch of on-demand, micro-duration insurance where covered items are protected against accidental damage, loss, mechanical breakdown, and theft anywhere in the world.

Recruiting the next generation: New program allows qualified college students to attend InsureTech Connect...

The just-announced ITC 2018 Student Program will provide meaningful exposure for students to learn about the latest trends and opportunities while networking with leading minds in insurance innovation and digital transformation.

Insurance: Destined for change by way of technology

Last year alone over $1.7 billion was invested in insurtech startups. There is significant momentum and interest around developing the next best thing, and each and every one of these startups brings a new idea to our industry. But how do they get to market?

How insurers provide stability to financial markets and the overall economy

Time to feel good about how your industry benefits society, courtesy of a new White Paper by the Insurance Information Institute that examines the correlation between the economic environment and the insurance industry.

Auto insurers double down on ads and digital investment as shopping stagnates

New J.D. Power study finds Erie Insurance ranks highest in insurance customer satisfaction for sixth consecutive year.

Study sheds light on just how much auto insurance premiums spike after a claim

State-by-state analysis shows that claim-induced premium spikes remain high, but percentage-wise don’t jump by as much as last year.

First-of-its-kind ‘Cannabis Businessowners Policy’ launched in California on 4-20

The new CannaBOP Program is designed for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related businesses operating in the state of California.

AXA acquires XL Group, creating the #1 global P&C commercial lines insurance platform

Move expected to accelerate AXA’s planned spinoff of AXA Equitable as AXA transitions toward P&C risks and away from financial risks.

P&C insurance customer satisfaction driven by good communication, not speed, J.D. Power finds

Record catastrophic losses place P&C insurer focus squarely on management of customer expectations. Amica Mutual tops satisfaction rankings for seventh consecutive year.

Massachusetts P&C agency hit with $2 million+ judgment for failing to advise on adequate...

Recent jury verdict stemming from a 2010 fire incident proves a cautionary tale about the necessity of advising clients to secure adequate coverage.

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