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However, replacement costs are still unusually high and most carriers may not yet notice the moderation.
The most common fraud involves offenders filing false or exaggerated claims, Mercury Insurance reports.
An insurer who provided both primary and excess coverage refused to pay primary coverage for an insured who was also covered by an underlying policy.
Experts predict an active 2024 Atlantic hurricane season.
The scam fraudulently pulled in $60 million from auto insurance carriers.
During Q1 2024, electric cars saw a total loss rate of 9.93%, according to Mitchell International.
The company's stance was an apparent attempt to gain leverage in settlement negotiations and convince the plaintiff to accept a nominal settlement.
What coverage exists when the cows get loose and tangle with a motor vehicle?
There may be insurance coverage for property damage due to a power outage caused by a covered peril.
Regulators are investigating four of the autonomous vehicle industry's most prominent companies.