Monthly Archives: <span>April 2020</span>

Insurance Department: Auto Insurers to Return Over $187M to Louisiana Drivers

The Louisiana Department of Insurance says collectively auto insurers will return more than $187 million in premium to drivers in the state in the form of refunds and rebates on auto insurance policies. Insurance Commissioner Jim Donelon notes that auto …

Washington Attorney General Sues Facebook Over Campaign Ads

Washington state is suing Facebook – again – for selling political ads without disclosing all necessary information about who’s behind them. Attorney General Bob Ferguson first sued Facebook over the issue in 2018, with the company agreeing to a $238,00 …

PG&E’s Plan to Pay $19M from California Wildfire Victims Fund OK’d

The Northern California victims of catastrophic wildfires caused by Pacific Gas & Electric’s decaying electrical grid will have at least $19 million siphoned way from a $13.5 billion fund for their losses to cover administrative costs. A bankruptcy judge said …

Fears of ‘Wild West’ as Unregulated COVID-19 Tests Hit the Market

Blood tests for the coronavirus could play a key role in deciding whether millions of Americans can safely return to work and school. But public health officials warn that the current “Wild West” of unregulated tests is creating confusion that …

Progressive Gives $2M to Big ‘I’ Fund to Aid Agencies Affected by Coronavirus Crisis

Progressive Insurance has donated $2 million to establish the Trusted Choice COVID-19 Relief Fund in response to the economic and operational challenges the coronavirus crisis has presented to independent agencies. The grant will be dispersed directly to independent agencies via …

Analysts See Auto Insurers’ Coronavirus Rebates As a Solid Short-Term Move

Auto insurers have seen something new with the coronavirus pandemic: an historic reduction in driving due to millions of customers staying home and sheltering in place. That change led to carriers issuing between $8 billion and $10.5 billion in customer …

Utica National Provides Insurance Premium Payback to Personal Auto Customers

As a result of changing driving habits due to the COVID-19 pandemic, the member companies of the Utica National Insurance Group have announced that they will provide policyholders with a 15 percent payback of their personal auto insurance premiums for …

Judge Clears Way for Shareholder Suit Against Tesla, Musk Over Going-Private Tweet

A federal judge said Tesla Inc. and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion transaction. U.S. …

Harvard Professor Drops ‘Clickbait’ Lawsuit After NYT Alters Story

A Harvard University law professor dropped his defamation lawsuit against The New York Times on Monday after the newspaper changed the headline and first paragraph in a story relating to his views about donations from financier Jeffrey Epstein. In the …

AIR Worldwide Launches Free COVID-19 Catastrophe Modeling Tool

AIR Worldwide has launched a free COVID-19 catastrophe modeling tool, one that predicts cases and offers death projections for the weeks ahead. The company said its Verisk COVID-19 Projection Tool, designed with AIR’s pandemic modeling data, will provide COVID-19 case …