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Auto insurance rates for new drivers in the U.K, increased more than £1,000 from 2023 to 2024.

Insurance industry news from Gallagher Re, Mylo, National Equipment Register and more is featured in this weekly update.

The scam fraudulently pulled in $60 million from auto insurance carriers.

Regulators are investigating four of the autonomous vehicle industry's most prominent companies.

Compared with older cohorts, homeowners age 18-34 were 10 times more likely to have their insurance dropped.

The class actions allege General Motors is gathering data about drivers without their consent and sending it to insurance companies, which raises their rates.

As of May 28, the NOAA has recorded 1,016 tornado reports for 2024.

Insurance is a 'necessary solution to scaling this market with integrity,' industry players say.