Allstate finally gets a California rate increase
Ever since the Covid pandemic began carriers have been struggling with regulators about rates. And in no place has the struggle been […]
What does it take for a good inner city minority driver to get a fair insurance rate?
According to a study released by the Consumer Federation of America, drivers living in predominantly African American ZIP codes are charged 70% higher […]
Are Mandated Auto Premium Reductions Justified?
Policymakers in many states – notably including California, Michigan and Louisiana in recent weeks – are considering aggressive steps to drive down […]
Coming to an agent near you: direct online auto insurance losses
It is common knowledge that auto insurance distributed via the direct, online channel is much less profitable than agent business. But why […]
Rate Manipulation
Customers are using the knowledge they gained from shopping to manipulate rates more. Modern quotation systems make it easy for customers to […]
Six auto insurance trends driven by the pandemic.
It’s been a century since the United States has experienced a pandemic on the scale of the current COVID19 outbreak, resulting in […]
How to fight fraud and please sales at the same time
One of the biggest issues in insurance fraud prevention is managing error rates. The goal is to detect as many of the […]
Going Direct? There are five things direct auto carriers must stop
The P&C personal lines industry is in the midst of a technological and distribution revolution. Younger customers want to shop for and […]
VeracityID uses AI machine learning to create the P&C insurance industry's first operational predictive fraud score model.
Everybody talks about underwriting insurance fraud but nobody ever does anything about it. Until now. – John Macauley Property & Casualty insurers know […]
The missing link
It’s well understood that fraud is common in p&c insurance and that the best time to stop a fraudster is before he […]
Auto Insurers are being hacked to death
In a previous piece we explained] how the billions of dollars auto carriers have been investing in new technology, new distribution channels and […]
Auto insurance carriers will continue to lose to Geico and Progressive until they deal with Point of Sale fraud.
A strange thing happened to the US auto insurance industry last year: two carriers – Geico and Progressive – gained market share […]
