Tag: vehicle insurance claims

State Farm sees a drop in auto insurance claims for animal collisions

H. Cutner
Auto insurance - Deer by side of road

Compared to last year, there has been a 5.5 percent decrease in accidents with wildlife. State Farm has released its statistics this year for auto insurance claims made as a result of animal collisions, and the news is good as the instances have decreased by a substantial 5.5 percent. It should still be noted that November is considered to be the most dangerous month. From July 2021 through June 2022, there were an estimated 1.9 million collisions with animals on roads across the United States. Still, that is a decrease…

Read More

Auto insurance industry identifies vehicles that cause the most injuries

2012 Toyota Yaris - Auto Insurance Report

A recent study has shown the makes and models of the cars in which the most people are hurt. The results of an auto insurance industry report have just been released and have named the vehicles in which the largest number of injuries are experienced when they are involved in a crash. This data showed that the Toyota Yaris had the highest number of injuries per accident. The information used for the research was obtained from the Highway Loss Data Institute, which looked at the auto insurance data for vehicles…

Read More

Joplin tornado may cost insurance companies up to $2 billion

Director John M. Huff from the Missouri Department of Insurance announced that the EF-5 tornado in Joplin may have been the “largest insurance event” in the history of the state, and it will cost insurers up to $2 billion in payments. As a result of the tornado that hit Joplin on May 22, 2011, insurance companies have already made payments of over $500 million on the resulting claims. That total is expected to grow, and some experts – including Huff – are predicting that the final number will be three…

Read More