For many motorists, the first time they truly pay attention to their insurance policy is when they need to submit a claim after an accident. One of the most common areas of confusion is the excess, ...

Excess carriers face a unique challenge: estimating where a potentially high-value claim will end up before most of the pertinent facts have come to light. This endeavor can feel like predicting the ...

What is a claim excess in insurance? In simple terms, a car insurance claim excess refers to the out-of-pocket payment you will need to pay when your car insurance claim is settled. You will usually ...

A new study from the Insurance Research Council (IRC) estimates that claim fraud and buildup added between $5.6 billion and $7.7 billion in excess payments to auto injury claims paid in the United ...