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A Michigan legislator has introduced a bill requiring auto insurers to reduce premiums by at least 10% on all new and renewed policies — a move the American Property Casualty Insurance Association (APCIA) warns could destabilize the state's insurance market.
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India’s deadliest plane crash in over a decade is poised to send shockwaves through the aviation insurance sector, potentially resulting in one of the nation’s most expensive claims, estimated at approximately $475 million.
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Erie Insurance is now facing not one, but two class action lawsuits while it continues to probe the recent cybersecurity breach.
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Erie Insurance reports making steady progress in restoring its computer systems, which have been offline since its information security team identified unusual activity on June 7.
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In recent weeks, insurance fraud investigators across states from North Carolina to Florida have been active, leading to the arrests of firefighters, suspected auto-crash scammers, and a man who allegedly filed a false claim after his car fatally struck a pedestrian.
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On Wednesday, Erie Indemnity Co. announced that the ongoing network outage impacting all of its systems for the past five days was caused by a security-related incident.
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Erie Insurance, headquartered in Pennsylvania, is continuing efforts to restore its systems after disclosing a network outage on Sunday.
A Michigan legislator has introduced a bill requiring auto insurers to reduce premiums by at least 10% on all new and renewed policies — a move the American Property Casualty Insurance Association (APCIA) warns could destabilize the state's insurance market.
