Progressive Q2 Profit Up on Fewer Accidents; CEO Says ‘Black Lives Matter,’ Vows Action August 10, 2020 By Andrew G. Simpson “Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in...
Tesla Invites Insurance Actuaries to Help It Create a ‘Revolutionary’ Insurance Company August 10, 2020 By Andrew G. Simpson Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one...
CoreLogic Calls Special Meeting on Takeover Bidders’ Candidates for Board August 9, 2020 By Andrew G. Simpson The board of directors of data and analytics firm CoreLogic (NYSE: CLGX) has called a special meeting of shareholders for...
D.C. Judge Rules For Insurer, Dismisses Restaurants’ Business Interruption Claims August 7, 2020 By Andrew G. Simpson The insurance industry has notched another victory in its defense of its commercial insurance policies against claims for business interruption...
Brown & Brown CEO Sees ‘Sporadic’ Economic Recovery Ahead After Own COVID Recovery July 29, 2020 By Andrew G. Simpson Insurance broker Brown & Brown, Inc. reported second quarter revenues of $598.8 million, an increase of $23.6 million, or 4.1%,...
Tesla Invites Actuaries to Help It Create a ‘Revolutionary’ Insurance Company July 24, 2020 By Andrew G. Simpson Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one...
Geico Sued for Alleged ‘Woefully Inadequate’ Coronavirus Auto Insurance Discount July 24, 2020 By Andrew G. Simpson Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging...
State Insurance Commissioners Vow to Probe Role of Race in Insurance July 24, 2020 By Andrew G. Simpson The nation’s state insurance commissioner said they are forming a special committee to address issues of race in insurance including...
Traffic Down 25%, Motor Vehicle Fatalities Down 8% in May During Lockdowns July 23, 2020 By Andrew G. Simpson Preliminary estimates indicate that deaths from motor vehicle accidents fell in May but the death rate per miles driven jumped...
U.S. Extends Ban on Cruise Ships Through September as Coronavirus Cases Rise July 20, 2020 By Andrew G. Simpson Federal health officials are extending the U.S. ban on cruise ships through the end of September as coronavirus infections rise...