Monthly Archives: <span>March 2016</span>

Progressive Insurance Snags Texas Uber Drivers Account

Uber Technologies Inc. will use Progressive Insurance to provide coverage for drivers in Texas beginning on Friday, in a pilot that could lead the ride-hailing market leader to diversify its U.S. insurance purchasing from its current sole provider, Uber and …

Road, Bridge Damage from Louisiana Flooding Pegged at $20M

Louisiana’s transportation secretary says flooding from storms that struck the state in March caused up to $20 million in road and bridge damage. The Advocate reports Shawn Wilson described the damage in a House budget hearing, saying 455 roads and …

Hays Promoted to VP, Chief Actuary at Great American Insurance

Great American Insurance Group, based in Cincinnati, Ohio, has promoted Lisa A. Hays to vice president and chief actuary of Great American’s Property and Casualty Group. She will succeed John Doellman who is retiring in May. Hays has over 25 …

$5M Deal Reached Between California and TV Component Makers

California Attorney General Kamala Harris says she has reached a nearly $5 million settlement with five electronics manufacturers accused of fixing prices on television and computer components. Harris’ office announced the deal with LG, Hitachi, Panasonic, Toshiba and Samsung on …

Wage Hike Would Cost California Taxpayers $3.6B, Analyst Says

Raising the minimum wage in California to the highest statewide level in the nation would eventually cost taxpayers an additional $3.6 billion a year in higher pay for government employees, legislative analysts determined. The estimate was disclosed as an Assembly …

Climate Change Easy Bet to Be Hot Topic at Insurance Regulators’ Meeting

Mark down the Climate Change and Global Warming Working Group as the odds-on favorite committee to produce the most interesting chatter during the National Association of Insurance Commissioners meeting next week in The Big Easy. Climate change buzz has continued …

40-Plus Structures Burned in Kansas, Oklahoma Wildfire

Officials say a wildfire that burned hundreds of square miles of rural land in Oklahoma and Kansas this week destroyed at least 41 structures in both states. Oklahoma Forestry Services spokeswoman Hannah Anderson says authorities in both states determined 16 …

Former Kansas Insurance Company Employee Sentenced for Embezzlement

A former Topeka insurance company employee has been sentenced to a year and a day in federal prison for embezzlement. The U.S. attorney’s office says 47-year-old Erin Rebecca Thomas also was ordered to pay $215,000 in restitution. The former Topeka …

Southeast Texas School District Estimates $12M in Flood Damage

The head of a Southeast Texas school district where flooding swamped an elementary campus with water 5-foot deep estimates $12 million in losses and little insurance. The superintendent of the Deweyville Independent School District said that efforts continue to resume …

Model Home Fortified Against High Winds to Be Built in Tulsa

An insurer-backed property safety research organization announced it is helping to build a model home in Oklahoma that will be designed to withstand high winds and hail. The Insurance Institute for Business & Home Safety (IBHS) said the first FORTIFIED …