Tariff Knock-on Effect

 

 

Citing Wall Street analysts, APCIA said the price for new cars would increase $4,000 to

$15,000. About 60% of auto replacement parts come from Mexico, Canada, or China, and

repairs will take longer if the supply doesn’t come from other countries.

 

Read the Article: Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers

 

 

 

Bad Faith

 

 

A Nevada jury has dealt a severe blow to USAA, awarding $100 million in punitive damages and

$14 million in compensatory damages to policyholder Timothy Kuhn in a bad faith insurance

case. The verdict stems from USAA’s handling of Kuhn’s claim following a 2018 rear-end

collision, where the insurer initially determined he was not at fault but later argued in litigation

that he was responsible.

 

Read the Article:  USAA hit with $114 Million decision over bad faith

 

 

 

Chubb Insurance Receives Top Award

 

 

J.D. Power’s 2024 Property Claims study puts Chubb, Amica and The Hartford in the top

three for home insurance claims satisfaction. Safeco and Homesite are the bottom two

companies for claims handling in the study. J.D. Power's overall home insurance satisfaction

survey, released in September 2024, ranked Chubb as the best home insurance company,

followed by AIG, while Amica took third place. National General and Homesite landed in the

bottom two.

 

Read the Article: J.D. Power’s best and worst homeowners insurance companies for claims and customer satisfaction