Auto insurance

The top five states have an average insurance premium increase for a DUI conviction of $377.80.

FedEx is requiring contractors that deliver packages on behalf of the company's Ground unit to install vehicle cameras and sensors, enhance training and pay penalties if they incur too many accidents, according to FedEx memos to contractors.

High theft risks for Kia and Hyundai cars, and repair cost risks for Teslas, have driven auto insurers to drop or modify coverage of those vehicles, which is forcing more auto policyholders to switch carriers.

Berkshire Hathaway Inc. contended with rising prices, a troubled insurance market and a dearth of deals in the second quarter.

There were more than 40 funding events in the insurtech sector in July, according to a review by Digital Insurance.

The most expensive five states have an average annual insurance premium for 16- to 19-year-old teenagers of $4,496.

The top five cars have an average annual insurance premium of $1,841.

The least expensive five states have an average annual insurance premium for 16- to 19-year-old teenagers of $992.

In other news: Nationwide launches digital platform Pet HealthZone and Bain Capital Insurance closes its 1.15B inaugural private equity fund.

Property and casualty players have struggled to maintain profitability as they deal with a greater frequency and severity of accidents, combined with higher costs to repair or replace damaged vehicles, as well as heightened costs linked to extreme weather events.

Jim Ryan, who joined State Farm as an innovation executive at the start of 2023, spoke with Digital Insurance about his ideas for how to innovate technology and operations at the carrier, how telematics will continue to change auto coverage, and how tech advances can reduce risk.

Since 2019, there's been an 18% increase in alcohol-impaired fatal crashes, a new study has found. An analysis of traffic violations data can help accurately forecast insurance losses, according to the credit bureau.

The car is transforming rapidly and the opportunities to work with the vehicle ecosystem have never been more straightforward.

Deepa Soni, EVP and CIO at the Hartford gives the keynote address; Nationwide's embedded partnerships; CSAA on workforce trends.

The concept car shown at VivaTech was put together in six month by some 100 engineers.

Carrier's strategic enterprise executives tell Dig-In attendees how homeowner and tenant verification, Rivian EV initiatives brought in more underwriting business.

Nestor Solari, founder and CEO of Sigo, shares his insights and the company's solutions addressing the underserved market.

If adopted, nearly all light vehicles in the U.S. would be required to have AEB technology three years after the publication of the final rule.

The top five insurance companies had an average auto market share of 12.25% as of December 31, 2022.