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The insurance industry is applauding the introduction of a bill that could corral costs related to fraud and abuse of New York’s no-fault automobile insurance system.

An uptick in Allstate Corp.’s bodily injury claim frequency in auto insurance can largely be attributed to personal injury protection (PIP), no-fault laws in New York and Florida, but that alone did not drive a drop in fourth quarter profit for the insurer.

A study by the Insurance Research Council (IRC) reports a high percentage of fraudulent auto claims in the New York City area.

An astounding 22 percent of auto insurance claims in the New York City area appear to be fraudulent, according to a study by the Insurance Research Council (IRC).

Younger drivers are more likely than older drivers to say that they were texting while driving.

A new study from the Insurance Research Council concludes that state-run residual markets have unintentionally provided the means for development in vulnerable coastal areas.

A new study from the Insurance Research Council (IRC) concludes that state-run residual markets have unintentionally provided the means for development in vulnerable coastal areas while some plans face an increasing risk of insolvency.

Five years ago, Hurricane Katrina caused an estimated 1,300 tragic deaths as well as $41.1 billion in insured losses across six states.