Fri.Oct 18, 2024

article thumbnail

Tesla ‘Full Self-Driving’ Faces Defect Probe After Fatality

Insurance Journal

The US opened a federal investigation into whether Tesla Inc.’s partial-automation system marketed as Full Self-Driving is defective after a series of crashes, one of which resulted in a fatality.

Liability 290
article thumbnail

Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking Monies Through Excessive Payouts

Property Insurance Coverage Law

Amy Bach‘s recent LinkedIn post yesterday highlighting concerns about excessive compensation in the insurance industry has struck a chord with many policyholders and consumer advocates. Bach raised these issues in a panel discussion at the American Academy of Actuaries. Her observations are particularly pertinent to the ongoing challenges faced by consumers in the insurance market, … The post Amy Bach and United Policyholders Raise Issues About Insurance Executives Insurance Taking M

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Florida OIR Extends Order, Barring Policy Cancels or Nonrenews Until Dec. 10

Insurance Journal

Florida’s insurance commissioner this week issued emergency orders, extending some policyholder cancellation protections in the wake of Hurricanes Helene and Milton. The orders, seen here and here, are in line with similar actions taken after hurricanes.

Policy 284
article thumbnail

5 Tips to Prepare for Successful Client Renewals

Word & Brown

It’s peak season, and you undoubtedly have a great many renewals going on right now. Some may be straightforward and don’t involve changing plans. Others may be more time-consuming because your customer is expecting a bigger rate increase and wants to thoroughly shop the market. What can you do to ensure your renewals are successful? Below are five tips to consider.

Broker 52
article thumbnail

Four Charged In $10 Million No-Fault Insurance Fraud Scheme

Insurance Journal

Four men have been charged with defrauding New York auto insurers by allegedly submitting more than $10 million in fraudulent claims for psychological services —and then laundering the proceeds of that fraud through a network of illicit check cashers.

article thumbnail

Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance

Top Insurance Blogs

A Complete Guide to Usage-Based Insurance (UBI) When it comes to car insurance, many people feel frustrated by how prices are calculated. Why should someone who rarely drives or is a safe driver pay the same as someone who drives a lot or has a history of accidents? This is where Usage-Based Insurance (UBI) comes […] The post Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance appeared first on My Top Insurance Blogs.

Insurer 52

More Trending

article thumbnail

Maximizing Long-Term Care Insurance During the Flu Season

P&L Financial Services

As we enter the colder months, seniors face an increased risk of illness, particularly during flu season. One of the best ways to protect your health is by ensuring your long-term care insurance covers any additional needs that may arise. Maximizing long-term care insurance during this time can help seniors maintain their health and avoid unnecessary medical expenses.

Insurer 52
article thumbnail

Asheville’s Dirty Water Warns of Climate Risk to Aging US Infrastructure

Insurance Journal

Hurricanes Helene and Milton devastated swaths of the southeastern US by bringing too much water. Now, communities are struggling with the opposite problem: too little of it.

Risk 278
article thumbnail

Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance

Top Insurance Blogs

A Complete Guide to Usage-Based Insurance (UBI) When it comes to car insurance, many people feel frustrated by how prices are calculated. Why should someone who rarely drives or is a safe driver pay the same as someone who drives a lot or has a history of accidents? This is where Usage-Based Insurance (UBI) comes […] The post Usage-Based Car Insurance (UBI): Save Money in Florida with PAYD and Telematics Car Insurance appeared first on My Top Insurance Blogs.

Insurer 52
article thumbnail

Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

Insurance Journal

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said.

article thumbnail

How the Climate Crisis is Impacting the UK Property Insurance Market

Property Insurance Centre

How the Climate Crisis is Impacting the UK Property Insurance Market in 2023-2024 The UK property insurance market is increasingly being reshaped by the climate crisis , with extreme weather events such as storms and flooding becoming more frequent and costly. Recent data from 2023 and 2024 highlights the financial strain on insurers and property owners alike, driven by more severe storms, heavy rainfall, and unpredictable weather patterns.

article thumbnail

Texas AG Sues Dallas Pediatrician Over Providing Hormone Treatment to Teens

Insurance Journal

Texas Attorney General Ken Paxton has filed a lawsuit against a Dallas pediatrician, accusing her of violating state law by providing gender-transitioning treatments to at least 21 teenage patients.

264
264
article thumbnail

Why the cost of insurance is driving UK motorists to distraction

Elmore

This multi-faceted problem is not for the industry alone The post Why the cost of insurance is driving UK motorists to distraction appeared first on Elmore Insurance Brokers.

article thumbnail

Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks

Insurance Journal

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the UK to launch a service dedicated to recovering funds stolen by cyber attackers.

Cyber 264
article thumbnail

What Is Pet Insurance and Why Do You Need It?

Simply Insurance

Discover the essentials of pet insurance and why it's a smart investment for your furry friend's health and your peace of mind.

Insurer 52
article thumbnail

J&J Talc Settlement Holdouts Accuse Company of Buying Votes

Insurance Journal

People who voted to settle their baby power-related health claims against Johnson & Johnson should have their ballots thrown out because the consumer products giant rigged the tally, according to lawyers for holdout claimants.

Claim 264
article thumbnail

Navigating Tough Insurance Markets Like California — Tips for Agents

American Agents Alliance

Tough insurance markets make managing the industry a challenge for independent agents and brokers. California’s P&C market faces evolving regulations, changing technology, rising E&O exposure, climate-related issues affecting wildfires and storms, and data privacy and protection concerns with a more digital environment. These challenging conditions call for a strategic approach focused on policyholder needs.

Agents 52
article thumbnail

Oakbridge Adds Alabama’s Hull & Associates to the Lineup

Insurance Journal

Oakbridge Insurance Agency is expanding again, this time with the addition of Tuscaloosa, Alabama-based Hull & Associates, an agency that has specialized in finding coverage for student housing in and around the home of the University of Alabama.

article thumbnail

Blog Post: Expert: Immigration Law Lags Behind Needs of Country

LexisNexis

Mira Patel, Indian Express, Oct. 18, 2024 "With the American elections around the corner, immigration has emerged as the most burning issue in the country’s electoral debates. It has been discussed widely by both candidates in presidential debates, ad campaigns and speeches. While some may think it’s an issue popularized by Donald Trump, immigration has dominated the American political discourse since its founding in 1492.

Claim 45
article thumbnail

Sudanese Nationals Accused in ‘Anonymous Sudan’ Cyberattacks

Insurance Journal

Two Sudanese nationals were indicted by US prosecutors for their alleged participation in a group known as “Anonymous Sudan” that conducted cyberattacks against US government agencies, airports and a major hospital in Los Angeles.

Cyber 263
article thumbnail

3 Workers Dead, 4 Hurt in Collapse of Bridge Being Demolished in Mississippi

Insurance Journal

MENDENHALL, Miss. (AP) — Three people were killed and four were seriously injured Wednesday when a bridge in Mississippi that was closed nearly a month ago collapsed while a work crew was prepping it for demolition, authorities said.

article thumbnail

Farm Labor Contractor to Pay Damages Over Pregnancy Discrimination Charge

Insurance Journal

Family Fresh Harvesting, LLC, a farm labor contractor which provides temporary H-2A visas to agricultural workers at nurseries in Michigan and farms in Georgia, entered into a conciliation agreement with the U.S.

Damage 262
article thumbnail

Big Tobacco Firms Near Deal to Settle Canada Smoking Risk Cases

Insurance Journal

Three of the world’s biggest tobacco companies are near a possible deal to resolve longstanding claims in Canada that they held back information about the health risks of cigarettes.

Risk 245
article thumbnail

People Moves: AXA XL Re Taps Swiss Re’s Schiffer as CEO, N. America, Reinsurance; Specialist Risk Group Names Marsh McLennan’s Yap as CEO of APAC

Insurance Journal

This edition of International People Moves details appointments at AXA XL Reinsurance and Specialist Risk Group. A summary of these new hires follows here.

Risk 262
article thumbnail

Family of Black Man Killed by Ohio Police Agree to Settlement

Insurance Journal

AKRON, Ohio (AP) — A family is settling a wrongful death lawsuit against Ohio police who fired 94 bullets at a Black man during a chase two years ago.

252
252