insurance News

Multi Award-Winning Telematics Company, The Floow, Brings Unique Coaching and Reward Services to the US Insurance Market

Sheffield, UK, September 8, 2017- Insurance telematics innovator, The Floow, is bringing its industry leading approach to the US market with the launch of its unique FloowCoach program and Rewards Services App at Connected Car Insurance USA (CCIU) on the …

Michigan Facing $2B Budget Squeeze in State’s General Fund

Tax cuts, increased road construction, past economic development incentives and other factors will combine to reduce or divert state revenue by $2 billion annually in just over four years _ the equivalent of 20 percent of Michigan’s general fund account. …

Study: Californians Would Pay $1.9B More for Insurance If Congress Passes Border Adjustment Tax

Californians would face $1.9 billion in higher insurance costs if Congress passes a border adjustment tax as part of federal tax reform, according to a study issued today by the R Street Institute and the Pacific Research Institute. According to …

Q&A: How Driverless Car Technology Could Impact New York and Other States

New York Governor Andrew Cuomo in May signed a budget bill into law allowing self-driving and self-parking cars to be tested for one year on New York public highways. Prior to this law going into effect, the technology was prohibited …

Massachusetts’ Knight-Dik Insurance: 100 Years, Four Generations

When Thomas Babb launched his insurance agency – Thomas Babb Insurance Agency – in an 11-story building in downtown Worcester, Mass., in 1917, he also launched a legacy that would span a century of growth and four generations of leadership. …

Downtown Los Angeles High Rise Developer to Pay $400K for Blaze

The owner of a huge apartment complex that went up in flames in downtown Los Angeles will pay the city $400,000 to settle a $20 million lawsuit. The Los Angeles Daily News reported the City Council this week approved a …

Search And Rescue Insurance Introduced in Utah

A program has been introduced allowing Utah residents to pay a small fee to have any potential search and rescue costs waived. An individual can purchase a $25 annual insurance so they won’t have to pay expensive rescue costs if …

Insurance to Pay for up to $57M in Damage to Washington Waste Treatment Plant

An analysis says equipment failures caused between $49 million and $57 million of damage at the Washington’s largest sewage treatment plant. KING-TV reported the analysis was released related to damage at the West Point Wastewater Treatment Plant in Seattle. The …

Drought-Weakened Trees Are Falling Hazards in Rainy California

Drenching winter rains combined with the punishing effects of six years of drought are causing trees to topple across California, in some cases with deadly results. At least two people have been killed in the past month. Seemingly sturdy oaks, …

Online Comparison Launched by California Department of Insurance

Insurance Commissioner Dave Jones wants California drivers know about the department’s online tool that helps consumers shop for different insurers based on price. The tool is now being launched by the California Department of Insurance is designed to enable consumers …