Monthly Archives: <span>March 2015</span>

Might Human Drivers Be Outlawed?

Tesla Motors co-founder and CEO Elon Musk thinks that human-driven cars could eventually be outlawed as computers show they can do a more efficient and safer job of driving. “In the distant future, [legislators] may outlaw driven cars because they’re …

NOAA: Spring Flooding Risk in Western N.Y., Eastern New England

According to National Oceanic and Atmospheric Administration’s (NOAA) Spring Outlook released today, rivers in western New York and eastern New England have the greatest risk of spring flooding in part because of heavy snowpack coupled with possible spring rain. Record-breaking …

NOAA: No Spring Drought Relief for California, Nevada, Oregon

Californians facing a fourth year of drought conditions – and some other parts of the West – shouldn’t count on any relief in the coming months. In California this doesn’t bode well for chances of a mild wildfire season, and …

GEICO Expands Ridesharing Product to Maryland

GEICO is now offering its ridesharing insurance product to Uber (UberX and UberXL), Lyft, Sidecar and other services to approved drivers in Maryland, in addition to Virginia. The product, which replaces the driver’s personal auto policy, provides coverage both for …

Chicago-Based Alper Services Partners with Germany’s unisonBrokers

Alper Services LLC, an independent insurance brokerage in Chicago, Ill., announced it recently signed an agreement with unisonBrokers, a global broker network with multinational insurance and risk management services, who partners with select growth-oriented regional brokers. The agreement allows Alper …

FEMA Official: ‘We Are Undertaking Sweeping Reforms’ at NFIP

The Federal Emergency Management Agency said it is working to give every Hurricane Sandy survivor who thinks they may have been defrauded or received less than they were entitled to under their National Flood Insurance Program (NFIP) policy, the opportunity …

Judge Dismisses Mayflower, Arkansas Oil Spill Lawsuit

A federal class-action lawsuit against Exxon Mobil Corporation over a 2013 crude oil spill in central Arkansas has been dismissed by a federal judge, who acknowledged in his ruling that his decision seems unfair. U.S. District Judge Brian Miller on …

Arkansas Senate OKs Plan to Create New Agency to Regulate Title Insurance

The Arkansas Senate is backing a proposal to set up a new commission that would supervise the title insurance business. The body approved Sen. Jeremy Hutchinson’s bill on a 20-11 vote on March 17. The bill had failed the day …

Hallmark Insurance Group Ratings Affirmed, Outlook Still Negative

A.M. Best has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of the members of Fort Worth, Texas-based Hallmark Insurance Group (Hallmark Group). Additionally, A.M. Best has affirmed the ICR of …

California’s Governor to Unveil Emergency Drought Legislation

California Gov. Jerry Brown plans to detail new legislation to help manage a worsening drought gripping the most populous U.S. state for a fourth year. Brown has scheduled a news conference with legislative leaders for Thursday morning in Sacramento, according …