More than a million California homes are now protected under a new law that temporarily bans insurance companies from dropping customers in areas affected by recent wildfires, officials announced Wednesday.
At least three are dead following an outbreak of more than two dozen tornadoes — some rated EF3 strength — that battered parts of the Deep South on Monday. In addition to the damage, the storms left many scratching their heads, wondering whether tornadoes in December are unusual.
Autonomous, light-duty trucks can now be used for commercial purposes on public roads in California. The state’s Department of Motor Vehicles announced the proposal Tuesday, which outlines a permitting process for companies wishing to test or deploy driverless trucks for commercial use.
In 2018, state and federal courts issued decisions on several new and emerging insurance issues, including coverage for losses stemming from cryptocurrency transactions, cyber bullying and data breaches. In 2019, consequential decisions mostly concerned new variations on long-standing issues.
Uber released its first U.S. Safety Report on December 5, breaking down the type and frequency of reported safety incidents and unveiling its plans to reduce them. The results underscore the dangerous effects of growing too big, too fast and reveal a company attempting to right documented wrongs.
As New York City’s Department of Buildings continues its investigation into the death of a woman who was struck and killed by falling debris near Times Square, scaffolding has been erected to prevent anymore tragedies.
Hundreds of Houston homeowners near U.S. Army Corps of Engineers-managed reservoirs may receive compensation for flooding of their properties during 2017’s Hurricane Harvey, a federal judge ruled on Tuesday.
The attorneys for Allstate insurance stopped responding when the emails started to get weird. First, it was just vulgarity: “Pay up f---face,” attorney Christopher G. Hook wrote in November, demanding Allstate pay a nine-figure settlement to his clients.
In the fast-moving world of insurtech, new technologies such as robotic process automation (RPA), intelligent automation, artificial intelligence (AI) and machine learning are making it easy for insurers to dream about transforming processes.
Tornado warnings continued Tuesday in the Deep South as a severe weather outbreak that killed three people and damaged dozens of homes pushed to the east.
Insys Therapeutics Inc. founder John Kapoor and other former executives convicted of bribing doctors and lying to insurance companies to boost sales of an opioid painkiller should pay $306 million in restitution to insurers, federal prosecutors said in a court filing.
Sunday’s winter snow storm in the area caused several accidents and closures on interstates on both sides of the river. At 5:30 a.m. Monday, the Missouri Highway Patrol (MSHP) Troop C, which patrols the St. Louis Metro and surrounding areas, said they responded to 489 calls for service, 124 stranded motorists and 189 separate crashes on Sunday.
Of all the shiny new tools piquing insurers’ interest, blockchain is among the shiniest: 46 percent of insurers plan to use blockchain within two years, and 84 percent say it’s reinventing the way they engage with new partners, according to research by Accenture.
Theft is a weed that is spreading through the US cannabis industry with alarming speed. Its roots are deep and complex, spanning from casual grow operations right the way through to large commercial dispensaries.
