Monthly Archives: <span>July 2014</span>

Lloyd’s Comments on its World Cup Predictions; Saw Germany as Winner

A bulletin on the Lloyd’s website asks “how did our insurable value measures fare as predictors of success on the pitch,” following the conclusion of the World Cup in Brazil? Lloyd’s said its “key forecast of who would emerge as …

ABI Proposes Initiative to Improve Policy Clarity for Customers

The Association of British Insurers (ABI) announced that it has written to the UK’s Financial Conduct Authority (FCA) to propose an initiative that “could further improve clarity for customers when renewing and taking out motor and home insurance.” The announcement …

Strong El Nino Seen Unlikely by Australia as Pacific Cools

The odds of a strong El Nino, which brings drought to the Asia-Pacific region and heavy rains to South America, are increasingly unlikely after the tropical Pacific Ocean cooled, according to Australia’s weather bureau. A general lack of atmospheric response …

Construction P&C Premiums Slump 10-30% Due to Overcapacity: Willis Report

“Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30 percent for commercial insurance buyers,” according to a report –”Q3 2014 Construction, Property & Casualty Market …

Atlas General Insurance Services, LLC, Named One Of The Fastest Growing Private Companies In San Diego In 2014 By The San Diego Business Journal

San Diego, CA, 7/15/2014 – Atlas General Insurance Services, LLC, a national multi-line program manager, has been recognized as one of the fastest growing companies in San Diego in 2014 by the San Diego Business Journal. This is the second …

Montana and Arizona Lone States Without Texting Laws, but Does it Matter?

Arizona and Montana stand out as the only states without some form of texting and driving law, but some studies show there’s no evidence that laws intended to curb cellphone use behind the wheel reduce crashes. Fourty-four other states plus …

Connecticut Attorney Sentenced to More Than 4 Years for Insurance Fraud

An attorney in Connecticut has been sentenced to more than four years in prison for his role in an insurance fraud scheme. The U.S. Attorney’s office says Joseph Haddad of Orange was sentenced last Thursday in Bridgeport to four years …

Penn. Family Awarded $18M in Bad Faith Suit Against Nationwide

An insurance company that was tongue-lashed in a decision last month by a Pennsylvania judge is contesting his ruling that it pay $18 million in punitive damages after a long court battle over faulty repairs to a family’s vehicle in …

Lyft’s Insurance Move a First Step Toward Regular TNC Coverage

Even as it faces new regulatory headaches in New York, transportation network company Lyft is making news this week with a major announcement today that should quiet at least some of its vocal critics: the company has begun offering primary …

LeBron James and Value of Celebrity Insurance Ads

From a consumer perspective, what happens when a celebrity endorses different products in two advertisements that appear in the same magazine? Do you remember both equally? One better than the other? Neither? Katie Kelting, a marketing researcher at the University …