The market for insured vehicles has grown to $4.4 trillion, according to new data from Recode, but that doesn’t mean car insurance is cheap.A new study from Accenture says that the average auto insurance policy in India is now worth $14,000, while the average car insurance policy is worth $28,000.“The average premium for auto insurance…
Tag: title insurance news
Insurer pays $20M to settle claims stemming from the collapse of Encore auto insurance
The company has paid a $20 million settlement to settle charges that it concealed data about claims from customers and covered up a collapse of its auto insurance business, according to court documents filed in federal court in New York.The settlement, announced Thursday, resolves a class action lawsuit filed in November by former Encore customers…
How insurance companies make you feel
Insurance companies make it hard to feel happy when they’re in a terrible accident.Insurers say that’s because you’re more likely to feel anxious about a medical problem when you’re the one paying for it.The good news is, they don’t blame you.In fact, most of the time, insurance companies don’t.But they do blame you for the…
insurance news – ibm
The internet company is offering free insurance coverage to all customers of its business to counter what it says are increasing risks posed by ransomware, cybercriminals and the theft of data.The move comes as the US and other western nations grapple with an escalating wave of ransomware attacks and thefts of personal data from businesses…