FSRA said the measures were necessary to address the extremely high volume of insurance claims being submitted in the wa
More than $1 billion in compensation has been paid over five years.
This is the first time the insurer’s annual income passed the $300 million mark.
Stolen vehicles are being given fake vehicle identification numbers and sold to customers.
The Insurance Portal looks at the underwriting challenges P&C insurers are facing in the coming years.
Travelers says insurers will need to maintain their risk-sharing system in auto insurance.
Intact Financial Corporation has announced its estimated catastrophe losses for the third quarter of 2021.