auto insurance market

• LexisNexis Migrates to Big-Data Processing Platform

  By Staff Writer  |  May 4, 2012

  LexisNexis Risk Solutions announces the migration of its insurance technology solutions to the LexisNexis big data processing platform known as HPCC Systems. LexisNexis is leveraging the platform to help insurers assign premium more accurately, better understand their customers and risk throughout the policy lifecycle, and drive a more profitable book...

• Insurance Groups Praise China Trade Talks on Auto Insurance Market

  By Arthur D. Postal  |  February 24, 2012

  Officials of the American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) are describing as “significant” the outcome of China-U.S. trade-related insurance talks.

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  Fla.’s Working Families Pay for Abuses of PIP System

  By Michael Carlson  |  January 6, 2012

  What started out as a consumer protection has sadly created a cottage industry and feeding frenzy among unscrupulous medical clinics, criminal-fraud rings and some trial lawyers.

• Progressive to Pay Massachusetts $125,000 Fine for Website Mistake

  By Chad Hemenway, PropertyCasualty360.com  |  December 19, 2011

  Progressive Direct has agreed to pay a $125,000 fine to Massachusetts because the automobile insurer told consumers it had used credit information to determine rates.

• Massachusetts Law Bans Credit Scoring for Auto Insurance

  By Chad Hemenway, PropertyCasualty360.com  |  November 30, 2011

  A bill to ban credit-based insurance scoring in underwriting private passenger automobile insurance was signed into law in Massachusetts.

• Aon Benfield: U.S. Storm Losses To Total $15 Billion; Company Estimates Continue

  By Chad Hemenway, PropertyCasualty360.com, Phil Gusman, PropertyCasualty360.com  |  June 23, 2011

  As more insurers begin to make second-quarter loss estimates from tornado-spawning storms that ravaged parts of the U.S. in April and May, Aon Benfield says insured losses for the two months are nearly triple the annual average over the last 20 years.

• Late May Storms Hit Ohio Insurers For Up To $400M In Losses

  By Chad Hemenway, PropertyCasualty360.com  |  June 20, 2011

  Late May storms resulted in at least $322 million in insured losses in Ohio, says a state trade association.

• Mass. AG Asks Commissioner To Review Commercial-Auto Rates

  By Arthur D. Postal, PropertyCasualty360.com  |  May 26, 2011

  Massachusetts Attorney General Martha Coakley is urging the state insurance commissioner to act promptly to cut commercial-auto insurance rates in the state.

• Allstate’s Good Hands Scoop Up Esurance, Answer Financial For $1B

  By Chad Hemenway, PropertyCasualty360.com, Eric Gilkey, PropertyCasualty360.com  |  May 20, 2011

  Home and auto insurer Allstate is buying Esurance and Answer Financial from White Mountains Insurance for about $1 billion.

• No-Fault Reforms Introduced in Florida

  By James Quiggle  |  March 17, 2011

  Legislation clamping down on widespread sham medical clinics and staged crash rings that are looting Florida’s no-fault insurers was introduced in the state legislature on March 16.