PYMNTS

SEPTEMBER 12, 2018

regulators turn down its plan to pay back customers who purchased auto insurance they didn’t need. Reuters noted that customers who were charged with the unnecessary auto insurance were also hit with overdraft fees, and saw their credit scores damaged or their vehicles repossessed. Wells Fargo has seen U.S.

Regulation 100

Regulation Operations Fraud National 100

CB Insights

OCTOBER 25, 2022

From account opening to underwriting to claims disbursements, the auto insurance policy of the future will be built almost entirely on digital transactions. The auto insurance industry has already seen significant advances in the last decade in terms of its digital sophistication. But there is still a long way to go.

Technology 57

Technology Marketing Policies Industry 57

CB Insights

OCTOBER 28, 2020

Ohio-based auto insurtech Root went public this week at a valuation of about $6B. Root has been a pioneer in the behavior-based, automobile telematics insurance space and has seen consistent double-digit percentage growth since its founding in 2015. of the US auto insurance market, according to NAIC. Company Name.

Ohio 79

Ohio US Fintech Marketing 79

PYMNTS

JULY 28, 2017

Wells Fargo revealed that it had planned to disclose problems uncovered with its auto insurance policies, but it was waiting until it was ready to reimburse affected customers. The news comes after The New York Times revealed that 800,000 of Wells Fargo’s auto loan customers were charged for insurance they did not need.

Company 100

Company Policies Lending New York 100

MyBankTracker

FEBRUARY 22, 2021

If so, you might be surprised to find out that AAA has a number of insurance partners and affiliates that can offer discounted insurance policies to its members. There are many different AAA insurers, so pricing, coverage, and offerings vary depending on the auto club you’ll be working with. Auto Insurance Study.

Groups 52

Groups Policies California South Dakota 52

MyBankTracker

MARCH 29, 2021

GEICO is a large, well-known insurer that provides property and casualty insurance. You might be familiar with the company’s commercials featuring the adorable gecko lizard with a charming Aussie accent and their famous slogan, “A fifteen-minute call could save you fifteen percent or more on car insurance.”

Policies 52

Policies United States Maine Course 52

PYMNTS

FEBRUARY 28, 2020

It has been more than 100 years since the first car was insured in 1897 by the Travelers Insurance Company. Since then, there has been no-fault insurance, safe driver insurance and student driver insurance – but outside of that, no essential changes have been made in a $288 billion dollar business.

Metro 217

Metro Arizona Pennsylvania Policies 217

MyBankTracker

MARCH 17, 2021

Nationwide is a national insurance carrier that provides coverage for homeowners, auto and life insurance, and other insurance products. With Nationwide, policyholders can choose from various coverage options and discounts to arrive at a customized, affordable insurance policy that fits their needs. Power 2020 U.S.

Policies 52

Policies Taxes North Carolina Cards 52

MyBankTracker

APRIL 15, 2021

Farmers Insurance is a national insurance carrier that offers both personal and business lines of insurance coverage. Aside from their ear-wormy commercials, you’ll find that they have an extensive offering of property and casualty insurance policies. Flexible options to customize homeowners insurance coverage.

Policies 52

Policies CA Taxes System 52

MyBankTracker

DECEMBER 22, 2020

Not to worry, that’s where a car insurance provision known as GAP insurance enters the picture. If you have it in place on your new vehicle, your car loan will be fully paid, regardless of how much the insurance company will reimburse you for the loss of your vehicle. What is GAP Insurance?

Policies 52

Policies Company How To Examples 52

MyBankTracker

SEPTEMBER 29, 2020

. “Do you want to buy car insurance from Tesla?” ” You don’t hear the usual: “Can you give us your car insurance company, so we can make sure you drive off the lot, fully insured.” ” No, the question is, “Do you want to buy car insurance directly from Tesla?”

How To 52

How To Policies Comparison California 52

CB Insights

MAY 20, 2020

Hi there, Here’s what went down in insurance tech this week. The post This Week In Insurance Tech: Covid-19 Impacts Auto Insurance Customer Behavior, Coalition Raises $90M, RGAX And AIG Pick New Policy Admin Systems appeared first on CB Insights Research. Want the full post? Become a CB Insights customer.

Policies 64

Policies System 64

CFPB Monitor

FEBRUARY 22, 2024

Our special guest is Richard (“Rick”) Hackett, former Assistant CFPB Director responsible for auto finance regulation and presently a member of the Board of F&I Sentinel, which supports lender compliance in the auto finance and insurance industry.

Regulation 78

Regulation Compliance Retail Industry 78

CFPB Monitor

FEBRUARY 15, 2024

Our special guest is Richard (“Rick”) Hackett, former Assistant CFPB Director responsible for auto finance regulation and presently a member of the Board of F&I Sentinel, which supports lender compliance in the auto finance and insurance industry.

Regulation 78

Regulation Compliance Retail Industry 78

PYMNTS

JUNE 29, 2020

Insurance firms are refunding a portion of their customers’ monthly auto premiums. Amica Insurance unveiled a COVID-19 Auto Refund Program that will reimburse as much as 10 percent of a client’s monthly auto premiums over a four-month timeframe, with regulatory approval pending, according to an announcement.

Policies 141

Policies Trends Company 141

PYMNTS

AUGUST 2, 2019

However, some markets, like insurance and pension that have previously lagged behind on embracing faster disbursement solutions, appear to be stepping up their adoption efforts. As if a car accident wasn’t distressing enough, the process of filing an insurance claim can add insult to injury. About the Tracker.

Mobile 134

Mobile Trends Payments Resources 134

CFPB Monitor

OCTOBER 27, 2022

The new laws limit the price of GAP waivers, add new disclosure requirements, ban GAP waiver sales in certain instances, and prohibit financing of GAP insurance in auto loans to servicemembers. Even if a creditor was willing to make an unsecured auto loan, the additional cost of the GAP waiver might push the MAPR above the 36% cap.

California 148

California Security Regulation United States 148

CB Insights

APRIL 23, 2020

In the wake of the Covid-19 pandemic, people have cut back significantly on driving, resulting in fewer accidents and fewer losses for insurers. As a result, auto insurers have pledged to give around $10B back to policyholders in recent weeks. WORK FROM ANYWHERE. SOFT ROBOTICS. LIVESTREAMING. Want the full post?

Trends 37

Trends Industry Report 37

CB Insights

MAY 6, 2019

Lets talk about the intensely competitive auto insurance market. In recent weeks, several different news items pertaining to the $245B auto insurance industry caught our eye. Download the 39-page P&C INSURANCE report. Rising auto prices. For auto insurers, fewer younger drivers should mean safer roads.

Marketing 53

Marketing Study Trends Millennials 53

CB Insights

MAY 7, 2020

In response, auto insurers began to announce an estimated $10B in refunds and credits to policyholders in the first few weeks of April. This windfall comes as a welcome development for consumers and gives auto insurers an opportunity to earn some goodwill. 40+ Corporations Working On Autonomous Vehicles.

Data 37

Data Report Company 37

Perficient

APRIL 14, 2022

The connection between technology and consumers in the insurance industry has never been more relevant. Although the insurance industry was already facing rising competition and customer expectations, the global pandemic forced our industry to take legacy processes and technologies, and transition to “digital” seemingly overnight. .

Strategy 332

Strategy Tools Industry Customer Experience 332

PYMNTS

JULY 20, 2020

Some organizations are refunding a portion of monthly auto premiums. In April, the national AAA organization announced insurers had unveiled relief packages that would reimburse over $285,000,000 to those who have auto policies.

California 143

California Policies National Report 143

PYMNTS

SEPTEMBER 22, 2020

In another barrier to the American economy’s stop-and-start recovery, insurance administrators, customers and brokers say that trade credit insurance has been significantly reduced for U.S. Credit insurance is popular with U.S. firms, a lack that has hampered American supply chains, The Wall Street Journal reported.

US 163

US Illinois Policies Tools 163

PYMNTS

APRIL 22, 2020

In the United Kingdom, Admiral will provide partial reimbursements to its auto insurance clients, with many drivers confined to their residences due to the coronavirus pandemic, Business Matters reported. The insurance company has also pledged an additional £80m, primarily to cut prices. Beyond Admiral, U.K.

Company 130

Company Policies New York Report 130

SWBC's LenderHub

AUGUST 27, 2020

Maintaining auto insurance coverage is what most would consider “old news.” Specifically for lenders, getting borrowers to comply with the terms of their auto loan contract is particularly critical as a breach of contract could have an adverse effect on your bottom line.

Risk Management 143

Risk Management Management 143

CB Insights

MAY 23, 2023

Embedded insurance — the integration of insurance into a digital product on a third-party platform or marketplace — is becoming more popular as a way to boost revenues and improve customer experiences. For consumers, these products can provide faster, more convenient, and more accessible insurance options.

Company 90

Company Customer Experience Data Marketing 90

PYMNTS

JULY 31, 2019

says its insurance customers can now receive claim payments through the digital platform PayPal. Auto, property and general liability claims can use Travelers’ link to PayPal for fast and easy reimbursement, the company said in a press release on Wednesday (July 31). The Travelers Companies, Inc.

Company 163

Company Payments Boston Industry 163

PYMNTS

JUNE 4, 2020

Insurance companies are reimbursing a portion of their policyholder premiums. CSAA Insurance Group is offering roughly $37 million in further reimbursements for those who have vehicle policies, following the announcement of roughly $100 million in refunds in April, according to a press release.

Policies 130

Policies Groups Company 130

CFPB Monitor

MARCH 3, 2022

In a move intended “ to thwart illegal repossessions in the heated auto market ,” the CFPB has issued a compliance bulletin that describes conduct related to repossession that it has found to be an unfair, deceptive, or abusive act or practice (UDAAP) and sets forth the Bureau’s expectations for actions entities should take to prevent UDAAPs.

Compliance 148

Compliance Examples Regulation Marketing 148

PYMNTS

DECEMBER 18, 2019

Insurance purchasing and management platform Huckleberry has raised $18 million in a Series A funding round led by Tribe Capital, with participation from Amaranthine, Crosslink Capital and Uncork Capital, Huckleberry announced in a press release on Wednesday (Dec. Every business needs insurance.

Capital 131

Capital Analytics Innovation Marketing 131

PYMNTS

NOVEMBER 24, 2020

Digital auto insurer Metromile plans to go public by merging with publicly traded INSU II (Nasdaq: INAQ), a special purpose acquisition entity sponsored by Cohen & Company (NYSE: COHN). The company says its model allows customers, on average, to save about 47 percent over what they would pay with a traditional insurer.

Arizona 264

Arizona Pennsylvania Capital Washington 264

Perficient

AUGUST 13, 2021

A JD Power survey found that 54% of auto insurance customers took some policy action to control the cost of their policy, including 17% who reduced coverage and 12% increased deductibles. As a result, the industry is experiencing a decline in brand loyalty in favor of pricing. The pandemic accelerated this trend.

Policies 294

Policies Customer Experience Branding Survey 294

PYMNTS

JUNE 29, 2020

The company announced that it will merge with Insurance Acquisition Corp. IAC) in exchange for approximately $380 million in Insurance Acquisition Corp. Merging with Insurance Acquisition Corp. The automotive evolution to Digital 3.0 Class A stock, as well as plus an additional 6 million shares of other IAC stock.

San Francisco 245

San Francisco Metro Online Capital 245

BankInovation

AUGUST 18, 2021

Automation fintech Open Lending logged a jump in revenue and certified loans as auto lenders increasingly signed on to its insurance platform.

Lending 98

Lending Fintech 98

PYMNTS

NOVEMBER 23, 2018

Wells Fargo is trying to avoid compensating all of the 600,000 drivers affected by its auto loan scandal. The insurance program took place from 2002 to 2016, but court documents show that the bank only intends to compensate drivers forced into policies from 2005 and on.

Regulation 122

Regulation Maine Policies Report 122

PYMNTS

NOVEMBER 25, 2020

Digital Auto Insurer Metromile to Go Public Via SPAC. Digital auto insurer Metromile plans to go public by merging with publicly traded INSU II (Nasdaq: INAQ), a special-purpose acquisition entity sponsored by Cohen & Company (NYSE: COHN). Some people will be able to get orders on the same day.

Payments 195

Payments Fintech Course System 195

PYMNTS

APRIL 28, 2020

Here’s a roundup of some efforts by consumers to receive refunds from universities and events — along with an initiative to provide auto policyholders with reimbursements. Auto Insurance. University Fees.

California 141

California Texas Austin System 141