March 31, 2017
The largest U.S. electric company sued 30 international and domestic insurance companies Wednesday, saying they should cover part of the utility’s multibillion-dollar cleanup costs in the Carolinas for toxic byproducts left from decades of burning coal to generate power. Charlotte-based …
March 31, 2017
Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured into them globally is going into artificial intelligence and internet of things startups, new research finds. The research from Accenture, …
March 30, 2017
A jury in Fresno, Calif. has ruled against Aon Corp. in yet another poaching lawsuit that involves the U.K. brokerage and rival Alliant Insurance Services. The jury rejected every claim by Aon levied against Newport Beach, Calif.-based Alliant and 10 …
March 30, 2017
Can you imagine an even hotter, drier Phoenix? Certainly not if you’ve been to the sun-drenched Arizona capital in the summer. Such an inconceivable scenario is being proposed by the LA Times. “Today, Phoenix is a horizon of asphalt, air …
March 30, 2017
U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry statutory combined ratio will likely hit 108 in the coming months, …
March 30, 2017
Storms that bore down on Southern Plains states brought powerful winds that upended a tractor-trailer on an Oklahoma interstate, killing the driver, while three storm chasers died in a collision as they raced toward a tornado-warned storm in West Texas, …
March 30, 2017
A national trade association representing property/casualty insurers has come out against a proposed bill in Illinois that will create what group says are “burdensome and duplicative workers’ compensation regulations.” The synopsis of Illinois House Bill 2645 states that the bill …
March 30, 2017
This article originally appeared in the Texas Tribune. Weeks after major business interests blasted legislation that would make it harder for property owners to sue insurance companies over weather-related damages, other high-profile business interests are lining up in support of …
March 30, 2017
Fifteen credit card “skimming” devices have been found on gasoline pumps in different parts of Louisiana in the past month, state Secretary of Agriculture Mike Strain said. The devices are used by thieves to steal credit card information from motorists. …
March 30, 2017
Michigan state senators have approved legislation that could allow the Automobile Theft Prevention Authority to assess small fees on commercial vehicles, not just private passenger vehicles. Under current law, auto insurers pay $1 a year per insured car. State Attorney …