Predictive modelers told California regulators on Thursday that the state’s antiquated rules for calculating wildfire risk when setting property insurance rates discourage innovative mitigation measures that could ultimately reduce losses. Nancy P. Watkins, a principal and consulting actuary for Milliman, …
Initial data on fiscal year 2019/2020 public self-insured claims experience in the California workers’ compensation system show claim volume fell 6.4% compared with the prior year, but medical-only claims accounted for nearly all of that decline, a new report out …
This post is part of a series sponsored by CoreLogic What happened in 2020? 2020, without a doubt, has been a shock for everyone. Despite dealing with the ramifications of a global pandemic, the nation was hit with one natural …
General Motors’ self-driving car company is sending vehicles without anybody behind the wheel in San Francisco as it navigates its way toward launching a robotic taxi service that would compete against Uber and Lyft in the hometown of the leading …
Students who took online classes at the University of Georgia and the Georgia Institute of Technology due to the pandemic are now seeking a return of some tuition and fees. The students filed two class-action lawsuits this month, The Atlanta …
AM Best has downgraded the Financial Strength Rating (FSR) to B++ (Good) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” from “a-” of Tower Hill Prime Insurance Co., headquartered in Gainesville, Fla. The outlook of …
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Chicago-based ISMIE Mutual Insurance Co. and ISMIE Indemnity Co. (collectively known as …
An administrative judge has approved a $76,000 fine against an Iowa cattle feedlot for violating the Clean Water Act by discharging polluted wastewater into the East Fork of the Des Moines River. Tony and Joshua Brown, of Armstrong, Iowa, discharged …
AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to CompSource Mutual Insurance Co. (CompSource Mutual), based in Oklahoma City. The outlook assigned to these ratings is stable. The ratings …
Hundreds of firefighters battled a fire on Dec. 10 in Chicago’s West Side that engulfed an auto parts warehouse. Crews were called to flames shooting through the roof of Best Value Autobody Supply Inc., Chicago Fire Department spokesman Larry Merritt …
