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New Auto Body Labor Rate Survey Regulations

The Rhode Island Department of Business Regulation recently adopted amendments to regulations in the Division of Insurance and the Division of Commercial Licensing governing auto body labor rate surveys. The amendments provide that insurers writing less than 1% of the total premium volume of auto insurance during the prior year can either voluntarily conduct a survey or adopt a labor...

Expectations for the Property & Casualty Insurance Industry in 2016

The Insurance Information Institute has released the results of a survey of property and casualty insurance industry leaders. A majority of executives anticipate no increase in profitability for workers compensation, personal auto, homeowners, or commercial lines in 2016. Rather, executives expect increased regulatory scrutiny and attempts by the federal government to expand its role...

Auto Insurance Myths Persist

A study by InsuranceQuotes.com found that drivers have startling misconceptions about auto insurance. Forty-four percent of those surveyed believed that drivers with red cars pay more in auto insurance. More than one third (34%) of participants held the mistaken belief that personal items taken during burglaries of their cars are covered by auto insurance. Additionally, 17% of those...

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