Tag Archives: insurance

Insurance Costs for Electric Cars May Weaken Sales

The growth of electric car sales in Europe may be impeded by rising insurance costs and expiring subsidies, as reported in an article by Forbes. Read more on Insurance Business

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Feds Move to Cite GEICO for Anti-Union Actions

The National Labor Relations Board has found probable cause to allegations GEICO engaged in anti-union activity in attempting to undermine an organizing effort at its regional headquarters in Amherst. Read more on Investigativepost.org

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California Department of Insurance Proposes Major Course Correction on Auto Insurance Group Discounts

The California Department of Insurance has released proposed regulations to reform how insurance companies offer group discounts based on occupation, education, and other arbitrary factors that historically have not been available to drivers in less-affluent and more diverse communities. If … Continue reading

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Allstate, Other Insurers Among Those Facing Robocall Lawsuits

The biggest among the insurers, Allstate, has been hit with at least three such suits alleging violations of the Telephone Consumer Protection Act, which governs telephone solicitation. The suits, all in Allstate’s home state of Illinois, say the insurer and … Continue reading

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‘Our Tesla Insurance is DOUBLE What We Pay for Our Gas Car!’ Married Couple is Shocked to Discover High Cost of Covering Electric Vehicles

When Brent Shreve and his wife Molly bought new cars in April they spent around $50,000 each on a Tesla Model Y for him and a Volkswagen Atlas for her. Despite the models being almost-identical in size and costing virtually … Continue reading

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Are You Committing Insurance Fraud Without Realizing It?

What legal authorities may consider outright insurance fraud, far too many Americans consider simply being clever with their insurance claims to save a bit of money. A new survey from ValuePenguin reveals that a surprising number of Americans try to … Continue reading

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Insurers Must Offer ‘No Deductible’ Glass Option in Arizona

Arizona state law says that under comprehensive coverage, insurers must offer customers “complete coverage for the repair or replacement of all damaged safety equipment without regard to any deductible.” That includes windshields. Read more at ABC 15.

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Farmers Insurance Lays Off 11% of Workforce

Farmers Insurance said Monday it will lay off 11% of its workforce—about 2,400 employees—as part of a corporate restructuring aimed at increasing its efficiency and long-term profitability. The California-based insurer said the job cuts will impact all lines of its … Continue reading

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GEICO Employees Report ‘Mass’ Layoffs

Insurance company GEICO has undergone another tranche of layoffs, employees have reported on social media. Affected individuals appear to have come from a range of departments, including marketing, customer support, the special investigations unit and IT. Read more at Insurance Business.

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New Law Causing Confusion Over Insurance Costs

As of August 1, a New York law will automatically enroll state residents in additional coverage that they may not need. However, opting out is possible. “But they have to do it in writing,” says David Kirst, senior insurance specialist … Continue reading

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5 Reasons Why Auto Insurers Are Leaving California and Florida

Facing various pressures that are driving up the costs of doing business, auto insurers are raising their rates, and in select parts of the country, some have resigned themselves to not doing any business whatsoever. The latter scenario was exemplified … Continue reading

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Auto Glass Pros Are Skeptical of Insurers’ Use of AI

Many industries are reaping efficiencies from artificial intelligence (AI), and while the technology also holds promise for auto glass companies, it’s currently being met with skepticism from glass company owners who are pushing back against its use by auto insurers. … Continue reading

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New Law Enrolls Every NY Driver in Pricier Auto Insurance Coverage–Half Will Get No Benefit

Because of a new state law, every driver in New York is poised to be automatically enrolled in expanded, more expensive auto insurance coverage. That includes millions of unmarried motorists who would derive no benefit from the extra coverage, which … Continue reading

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Part of Michigan’s Auto Reform Bill Ruled Unconstitutional

Part of the 2019 Auto Reform Bill has been ruled unconstitutional by Michigan’s Supreme Court, but what does that mean for drivers across the state? The auto insurance repeal that’s been in the spotlight over the past four years reduced … Continue reading

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Claim Stacking Is Allowed Unless Auto Insurance Policy Forbids It, AZ Supreme Court Rules

Last week, the Arizona Supreme Court ruled that if insurance companies don’t want policyholders to stack uninsured-motorist claims, they have to put it in writing. The case involved a class-action lawsuit first brought by a woman who sought to draw … Continue reading

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Florida AOB Agreements in Crosshairs Again

Florida Rep. Philip Griffitts introduced legislation to the state’s House of Representatives that would bar vehicle insurance policyholders from entering into assignment-of-benefit (AOB) contracts with repair shops. HB 541, filed on January 27, would prohibit policyholders from entering into such … Continue reading

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You’re Probably Owed a Car Insurance ‘Stimulus Check,’ Lawsuit and Critics say

You’re Probably Owed a Car Insurance ‘Stimulus Check,’ Lawsuit and Critics say

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Say It Isn’t So, Flo: Lawsuit Alleges Progressive Underpays

Two New Yorkers filed suit against Progressive Corp. on July 22, alleging the car insurer is underpaying and arbitrarily undervaluing claims by New York policyholders for totaled vehicles by deceptively adjusting the claims process. Plaintiffs Dominick Volino of Duchess County … Continue reading

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2021 Fortune 500 List Sees Insurance Companies Shift

Fortune’s 67th edition of its Fortune 500 list ranked America’s largest companies, detailing the pandemic’s ‘winners and losers.’ The insurance industry (property and casualty (mutual) featured several. The top five companies in this segment were: State Farm Insurance (39), Nationwide … Continue reading

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Some Shops Say COVID Sanitation Fees Being Denied

Augie DeFeo wants to know why GEICO is suddenly denying the $25 reimbursement for COVID sanitizing even though cases continue to soar. “GEICO has consistently been paying a standard fee of $25 per job for cleaning/sanitizing the vehicle,” says DeFeo, … Continue reading

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Why Choosing the Right Insurance Impacts Your Shop

There are a few insurance policies industry experts say are beneficial for auto glass companies to have. Of them, auto liability, general liability and workers compensation should be the main options needed, as stated in a recent webinar given by … Continue reading

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Research Points to Impact Calibration has on Insurance Claims

Vehicle calibrations and their impact are entering into data surrounding auto glass claims, according to recent research. Kay Wakeman, research analyst, Insurance Institute for Highway Safety’s (IIHS) Highway Loss Data Institute, presented some of this info at the recent Automotive … Continue reading

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Technology Helps Shape Insurance Customer Service

Technology has redefined how and where we get information. But it also plays a large role in what insurance customer service looks like today. Mitchell International’s 2017 Third Quarter Industry Trends Report, looks into the new normal and what that … Continue reading

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New Hampshire Legislature Plans to Study Insurance Reimbursement Rates

Both the New Hampshire House of Representatives and Senate have adopted a bill aimed to “establish a committee to study reimbursement rates under automobile policies.” The bill originally was introduced in January but has been amended greatly since introduction. The … Continue reading

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Insurance 101: When Property Policy Isn’t Enough

At least one in four businesses that are forced to close due to unexpected events such as natural and human-caused disasters never reopen, according to a report by the Institute for Business and Home Safety (IBHS). With stats like that, … Continue reading

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New York Bill Aims to Prevent Steering

A bill introduced in New York this week (NY A 8111) would amend the Insurance Law concerning windshield repairs and replacement. The proposed legislation “prohibits automotive insurance companies or their agent from requiring or suggesting their insured utilize a specific … Continue reading

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AG Business Owners Looking to New Administration to Help

It’s unofficial, of course, but a glassBYTEs.com poll this week indicates that most respondents think the new administration of Republican Donald Trump will help the auto glass business. Continue reading

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Energi Launches eGlass Program with Safelite Solutions

Energi Inc. announced December 6 the launch of the eGlass Program, which will be administered by Safelite Solutions, according to an Energi press release. Continue reading

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Carolina Glass Companies Dealing with Hurricane Matthew

The damage from Hurricane Matthew is still being assessed and cleaned up and insurance claims are being filed, but many local glass companies haven’t seen a spike in automotive glass claims. Continue reading

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HSG CEO Shares Insurance Perspective at Auto Glass Week™

Wayne Sharrah, CEO of Insurance Claims Management, parent company to HSG/Code Blue, took center stage Thursday morning during Auto Glass Week 2016. In a room that had to be expanded to accommodate the packed crowd, he shared the insurance perspective … Continue reading

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Insurers Seek Dismissal of Class Action Collision Repair Suit

Several insurers have filed motions to dismiss a class action suit filed by a Downington, Pa.-based collision repair shop. Crawford’s Auto Center filed the suit in April under the Racketeer Influenced and Corrupt Organizations Act (the RICO Act) and names … Continue reading

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What is the Future of the Auto Glass/Insurance Interface?

The future of the auto glass/insurance interface can take two forms—either the business will become more personal, with a demand for local agents increasing, or the market will be more automated and less personalized, according to Garry Golden, a senior … Continue reading

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