A former licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after allegedly writing 162 fraudulent policies in an attempt to gain unearned commissions. The California Department of Insurance began an …
Insurers Seek Policies on Diversity, Pay Equity, Social Media, COVID, Even Facial Scans The past few years have been filled with newer exposures when it comes to employment practices liability insurance (EPLI). Along with significant disruptions in workplaces due to …
Pinnacol Assurance is distributing general dividend checks to its customers totaling $50 million. Pinnacol has also lowered premium rates by an average of 11%. This is the seventh consecutive year of general dividend distributions. Nearly 95% of Pinnacol’s policyholders are …
Seemingly endless machinations of the Russian leadership affecting Ukraine and its citizens have prompted multiple Western-based businesses to shut down, suspend or greatly curtail their Russian operations as part of their sanctions and in solidarity with the Ukrainian people. More …
As if spiraling gas prices weren’t enough, motorists across Arizona and the nation are paying more for auto insurance as repair costs and more crowded roads push premium rates higher. After giving customers premium credits and refunds in 2020 as …
Companies critical to U.S. national interests will now have to report when they’re hacked or they pay ransomware, according to new rules approved by Congress. The rules are part of a broader effort by the Biden administration and Congress to …
Legal malpractice claims usually aren’t filed until after somebody loses a lawsuit. But what happens when the underlying dispute hasn’t been resolved, but a litigant has to hire new counsel to clean up mistakes that were made during discovery? A …
Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody’s Investors Services said. In a report titled, “Tesla’s insurance venture puts incumbents under added …
For years, the federal agency that runs Medicare has been building a trap to snag any settlements that would force taxpayers to pick up the tab for medical care that should have been paid by others. The Centers for Medicare …
A rash of railcar thefts in the Los Angeles area may have given a different impression, but nationally the number of reported cargo thefts dropped by 15% in 2021 compared to the prior year, according to CargoNet’s annual Supply Chain …
