News

Uber Discloses Expanded Customer Data Tracking

Uber Technologies Inc.’s new privacy policy released Thursday is shorter, easier to read and more expansive than before. The car booking company now more clearly tells its customers it can pretty much track everything they do while using the Uber …

Allstate Sees Profit in Selling Customer Driving Data

Allstate Corp. said improved technology will eventually give the auto insurer a chance to boost revenue by selling customer driving data, much as Google Inc. profits by collecting information on those who use its search engine. “There are lots of …

Hail Claim Litigation Bill Dies in Texas House

With the legislative session winding down in Texas, a measure sought by the insurance industry that its proponents say would help rein in litigation related to property insurance claims has died in the House of Representatives. Passed by the Senate …

Burns & Wilcox Brokerage Taps Olson in California

Burns & Wilcox Brokerage has named Karl Olson vice president and professional liability regional practice leader in its San Francisco team. Olson will be responsible for delivering professional liability brokerage services and growing the practice. He will report to Burns …

BP Withdraws Bid for Transocean’s $750M Insurance

BP Plc won’t seek to access Transocean Ltd.’s $750 million insurance policy for the Deepwater Horizon rig, which exploded while drilling a BP well in 2010, sparking the worst offshore spill in U.S. history. London-based BP notified the Texas Supreme …

Lockton Partners with Cyber Risk Firm on Executive-Level Assessment Service

Dynetics, a provider of technology products, and the Washington, D.C. operations of Lockton Companies, have formed an alliance to provide Lockton clients direct access to QuickLook, an executive-level cyber risk assessment service. Part of Dynetics’ Cyber RiskScope portfolio of cyber …

Michigan Agent Charged with Felony Embezzlement

A Michigan insurance agent faces felony embezzlement charges following an investigation by the the Michigan Department of Insurance and Financial Services (DIFS). After receiving a complaint from an insurance company, DIFS discovered that Vladimir Ivanovich Tatarly of Lake Orion was …

The Hartford Joins Agents’ Trusted Choice Website for Small Commercial Lines

The Trusted Choice.com website has snagged a leading agency system insurer to help independent agencies sell more small business policies online. The Hartford has joined the TrustedChoice.com online commercial insurance platform backed by the Independent Insurance Agents and Brokers of …

Jury: Abbott Must Pay $23M in Punitive Damages Over Depakote

Abbott Laboratories was ordered to pay $23 million in punitive damages to a Minnesota girl whose family blamed the company’s epilepsy drug Depakote for causing her birth defects. It was the first verdict against the drugmaker over the medication. A …

NAS Launches Residential Care Facilities Program in California

NAS Insurance has launched a professional and general liability insurance program for owners of residential care facilities for the elderly (RCFEs). The coverage is designed to help California RCFE owners comply with the July 1, 2015 deadline to maintain liability …

News Archives by Month