Advocates who have been pushing for renewal of the U.S. federal flood insurance programs in the wake of last year’s devastating hurricanes and floods praised Congress for extending the program through July 31. But advocates remained concerned that Congress has …
California Insurance Commissioner Dave Jones exceeded his statutory authority by considering the investment income of separate State Farm affiliates when he ordered State Farm General Insurance Co. to roll back its homeowners insurance rates retroactively, according to a “minute order” …
Underwriting is not dying. It is just being automated into digital algorithms versus analog human beings. Technology’s effect on life insurance underwriting is easiest to show by example. It is also further advanced in many ways. For example, what if …
IAT Insurance Group (IAT) has reached a definitive agreement to acquire the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group. Rockhill is a subsidiary of State Auto …
A Texas court has issued an order of liquidation for Access Insurance Company, an auto insurer that has 42,785 policies in Pennsylvania. This means Pennsylvanians that currently have auto insurance through Access Insurance will have no later than April 12 …
Hamilton Re Ltd., the Bermuda platform for Hamilton Insurance Group, announced that Claude Lefebvre, chief underwriting officer, Partnerships & Casualty Reinsurance, will be leaving the company to pursue other interests. Lefebvre, who was a founding member of Hamilton Re, has …
China’s capital city has given the green light to tech giant Baidu Inc to test self-driving cars on city streets, an important step as the country looks to bolster its position in the global race for autonomous vehicles. Beijing has …
The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. “The Bank of England welcomes the EU Council’s conclusion …
A judge has dismissed a defamation lawsuit filed by owners of a Utah Subway shop where a worker was wrongly accused of drugging a police officer’s drink. U.S. District Judge Dee Benson ruled that police in Layton did not implicate …
Utah Gov. Gary Herbert has signed a bill allowing terminally ill people to use certain forms of marijuana. Herbert’s office announced Wednesday that he signed the measure allowing people to use the drug if a doctor has determined they have …
