Leading U.S. insurers have nearly half-a-trillion dollars invested the fossil fuel energy and the electric and gas utility sectors, according to a report out today that urges state insurance regulators and board members of these companies to help move them …
Almost half of weed-smoking Canadian drivers say that they can safely operate a vehicle while stoned. Among Canadians who have driven under the influence of marijuana, 44 percent don’t think it impacts their ability to drive safely, according to a …
State Farm has overcharged its customers roughly $78 million since at least July 2015, and should be required to refund that money, Consumer Watchdog told the California Department of Insurance last week. The group wants State Farm to cut its …
State Farm will offer customers a new endorsement in Colorado to cover insurance gaps for policyholders who use personal vehicles to provide rides for transportation network companies like Uber and Lyft. The optional ridesharing endorsement is available beginning Feb. 8. …
California Insurance Commissioner Dave Jones approved a new insurance product by USAA designed to close the gap in insurance coverage for drivers driving for all ridesharing companies. The product is now available to USAA’s California drivers for all ridesharing companies, …
The in central Illinois has resigned in the wake of his indictment on federal fraud charges. Republican Matt Sorensen submitted a resignation letter to an executive committee meeting, The Pantagraph in Bloomington reported. “I refuse to allow current issues to …
Federal prosecutors in Chicago have indicted the chairman of the McLean County Board for defrauding State Farm and a consulting firm of more than $400,000 in unearned consulting fees. Matt Sorensen and co-defendant Navdeep Arora are accused of billing clients …
A pair of massive California wildfires that have destroyed more than 2,000 structures are now considered among the most damaging fires in state history, and they could change the way insurers view risk or conduct underwriting in rural areas in …
A State Farm executive is coming under fire from activists for his position on the board of what some consider to be a “climate denier” group. Sierra Club, a progressive investor group and other activist organizations have been waging an …
Did you know that that an insurer can be liable for bad faith failure to settle even if it never receives a firm settlement offer? The Louisiana Supreme Court recently ruled that it can and also that an insurer can …
