AI-powered insurance platform Corgi raised $106 million in funding, reaching a $2.6 billion valuation. The investment highlights growing interest in using artificial intelligence to transform insurance services for consumers.
auto insurance
German EV Subsidies Boost Electric Car Adoption Rates
German EV adoption hit a record 7.5% in Q1 2024 as new government subsidies up to $6,967 drove electric vehicle purchases. The trend highlights how financial incentives can accelerate EV transitions, offering lessons for US drivers watching similar policy developments.
Insurance Crisis Could Hit US Drivers Hard
European Central Bank stress tests show insurers are more vulnerable than banks to market shocks, raising concerns about potential impacts on US auto insurance markets and driver premiums.
Auto Insurance Profits Hit Record High in Q1 2026
Property and casualty insurers achieved their best first-quarter results in 25 years, with auto insurance driving much of the $22.1 billion industry profit. Major insurers like State Farm, Progressive, and GEICO all posted gains exceeding $1 billion.
AI in Auto Insurance: What It Means for Your Rates
A recent industry survey shows most auto insurers are cautiously adopting AI for claims processing and underwriting, but face challenges with data integration and security. While 60% expect AI to transform their business within three years, only 20% have advanced implementation.
AI Insurance Risks Different From Cyber Coverage
Insurance companies are misclassifying AI-related risks as cyber issues, but early litigation shows AI liability stems from ordinary business operations, not security breaches. This creates potential coverage gaps for auto insurers dealing with AI-powered vehicle technology and telematics systems.
AIG Completes Corebridge Sale After 5 Years
American International Group has completed the sale of its remaining stake in Corebridge Financial, ending a five-year separation process. This strategic move allows AIG to focus more resources on its core property and casualty insurance operations, including auto insurance.
Synagogue Attack Plot Raises Vehicle Security Questions
Two young people arrested for plotting to attack a Texas synagogue using vehicles, raising questions about vehicle-related security incidents and their impact on insurance coverage and driver safety considerations.