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The Insurance Information Institute (III) has released a report suggesting that excessive lawsuits are contributing to rising auto insurance rates. The report outlines how practices such as third-party litigation funding and outsized jury verdicts are increasing costs for businesses and consumers.
The potential insured losses resulting from U.S. wildfires are growing even as their frequency decreases because close to 99 million Americans reside in the wildland urban interface (WUI), according to the Insurance Information Institute (Triple-I)....
COLUMBUS, Ohio--(BUSINESS WIRE)--Dec 6, 2023--
NEW YORK--(BUSINESS WIRE)--Oct 27, 2023--
NEW YORK--(BUSINESS WIRE)--U.S. personal and commercial auto insurer liability claim payouts combined were $96 billion to $105 billion higher between 2013 and 2