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Michigan’s car insurance reform bill promised fairer premiums. Why didn’t it succeed?

The cost of car insurance has been a problem in Michigan for years. In the heart of America’s auto industry, premiums soar over those in neighboring states....

Admiral Group to Sell Elephant Insurance Company to J.C. Flowers

Admiral Group plc announced today that it has entered into an agreement to sell its U.S. auto insurance business, including Elephant Insurance Company and Elephant Insurance Services, to J.C. Flowers & Co., a global private investment firm dedicated to investing in the...

Colorado lawmakers call for a new fee on auto insurance, claiming it will lower premiums

Colorado has the fifth highest auto insurance rates in the country and some state lawmakers are hoping to reduce them by reducing certain types of crashes. They've introduced a bill that would create a "Crash Prevention Enterprise" within the...

Louisiana lawmakers push tort reforms for auto insurance rates

While both Landry and Temple emphasized the need to address issues such as legal abuse...

Insurance Research Council Finds Personal Auto Insurance Affordability Better Than in the 2000s

According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure...