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VTL §388 ensures that victims of accidents involving a vehicle owned by a person but driven by a non-owner could seek financial redress for their injuries.
Auto repair costs grew 4.9% in March, more than double the average from 2016-2019, according to RSM.
According to an S&P report, inflation could send the P&C industry to its first unprofitable year from an underwriting standpoint since 2017.
Insurers will have to reexamine how to handle claims where they must determine who is at fault — the car or the driver.
Chubb's Hemant Sarma discusses how insurers are using technology to prevent and mitigate risk.
The news comes from the first public release of data on crashes involving level 2 automated driving systems.
How do you insure a vehicle that drives itself? The answer for level four autonomous vehicles may lie in a split UBI policies.
Just 36% of consumers said credit scores shouldn't be used when determining auto rates, down from 69% this past year.
In 2021, 1 billion units were recalled in the U.S. The first quarter of 2022 already saw more than 900 million.
Lawyers say $1.5M wrongful death settlement reflects insurance coverage available, not value of life.
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