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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--
MALVERN, Pa., October 31, 2023--14% of U.S. drivers operated a private-passenger vehicle without liability insurance in 2022, according to the Insurance Research Council.
About one in seven U.S. drivers (14.0 percent) operated a private-passenger vehicle without liability insurance in 2022, according to an estimate contained in a new report released today by the Insurance Research