A Travis County, Texas, judge has approved an order placing a Houston-based nonstandard auto insurer into receivership. On Oct. 21, Travis County District Judge Tim Sulak signed the application by the Texas Department of Insurance to appoint a rehabilitator and …
Safety features such as automatic emergency braking and forward collision warnings could prevent more than 40% of crashes in which semis rear-end other vehicles, a new study has found. The Insurance Institute for Highway Safety, a research group supported by …
There were 170 announced insurance agency mergers and acquisitions during the third quarter of 2020 compared to 173 for the same period in 2019, according to a report from consulting firm OPTIS Partners. The Chicago-based firm said deal activity was …
According to Insurance Journal’s 2020 Agency E&O survey, slightly more than half of all respondents (50.2%) saw an increase in their E&O renewal premium from 2019 to 2020, and 53.8% expect another increase at their next renewal. In the West …
After five years filled with unprecedented flooding, South Carolina has now established an office to marshal the state’s efforts in stemming floodwaters and coordinating recovery and relief efforts. Governor Henry McMaster held a ceremonial signing on October 13 in Charleston …
The agency errors and omissions liability market has enjoyed stable market conditions for years. But that could be changing as agents and their insureds attempt to balance emerging risks in a changing insurance market. The year 2020 has seen changes …
Oregon OSHA has fined a general contractor in Roseburg more than $38,000 for multiple serious job safety violations, including repeatedly failing to follow the minimum requirements to protect workers from fall hazards that could reportedly kill them. The division cited …
Death and taxes are as inevitable as life itself. Yet most fail to plan for the inevitable. An ounce of early preparation is worth a pound of last-minute maneuvering. Thinking through the eventual exit ahead of time allows you to …
The race for driverless autonomous vehicles is heating up and in October, Cruise became the first to receive a permit to test cars without anyone in them on the streets of San Francisco from California’s Department of Motor Vehicles. Cruise, …
A judge in Durham County, N.C., has handed down what may be the nation’s first dispositive ruling in favor of policyholders in a COVID-19 business-interruption lawsuit. Superior Court Judge Orlando F. Hudson Jr. ruled on Oct. 7 that closure orders …
