Auto insurance news today

Here are some recent auto insurance news stories:

1. California to Implement New Auto Insurance Regulations

California has announced new regulations aimed at reducing auto insurance rates and improving coverage for low-income drivers. The regulations, which take effect in 2023, will require insurers to offer more affordable policies and provide better coverage for drivers who have been involved in accidents or have poor credit scores. (Source: Insurance Journal)

2. Tesla to Offer Insurance Discounts for Autopilot Users

Tesla has announced that it will offer insurance discounts to customers who use its Autopilot semi-autonomous driving system. The discounts, which will be available in the US and Canada, are designed to incentivize safe driving and reduce the risk of accidents. (Source: The Verge)

3. Insurers Warn of Rising Auto Insurance Rates

Insurers are warning of rising auto insurance rates due to increased claims costs and declining investment returns. The National Association of Insurance Commissioners (NAIC) has reported that auto insurance rates have increased by 10% over the past year, with some states experiencing even higher increases. (Source: Insurance Information Institute)

4. Autonomous Vehicle Insurance Market to Grow

The global autonomous vehicle insurance market is expected to grow from $1.4 billion in 2020 to $14.4 billion by 2027, according to a new report from MarketsandMarkets. The growth is driven by the increasing adoption of autonomous vehicles and the need for specialized insurance coverage. (Source: MarketsandMarkets)

5. New Study Finds that Ride-Sharing Services Increase Auto Insurance Claims

A new study by the Insurance Information Institute (III) has found that ride-sharing services such as Uber and Lyft increase auto insurance claims by 15% to 20%. The study analyzed data from 2017 to 2019 and found that the increase in claims is due to the increased number of vehicles on the road and the higher risk of accidents. (Source: Insurance Information Institute)

6. Insurers to Offer More Flexible Insurance Policies

Insurers are starting to offer more flexible insurance policies that allow customers to customize their coverage and pay premiums on a monthly basis. This trend is driven by the increasing demand for on-demand insurance products and the need for insurers to stay competitive. (Source: Insurance Business America)

7. Autonomous Vehicle Insurance to Cover Cyber Risks

As autonomous vehicles become more prevalent, insurers are starting to offer coverage for cyber risks such as hacking and data breaches. This new type of coverage is designed to protect against the increasing threat of cyber attacks on autonomous vehicles. (Source: Insurance Journal)

These are just a few of the latest auto insurance news stories. If you have any specific questions or would like more information on a particular topic, feel free to ask!