Michigan drivers will see their catastrophic claim fee cut in half or eliminated in the coming year, in what advocates say is proof that reforms adopted in May are working to lower costs to drivers.
There’s keen focus in the insurance industry about overhauling obsolete IT infrastructure to support innovation, along with the resulting costs and benefits. Yet few people talk about the benefits of top industry talent in the same quantified manner.
When it comes to implementing new technology, the insurance industry is rarely considered an early adopter. However, insurance companies have been taking early strides, somewhat in a migratory manner, to adapt to technology advances to help better run operations, improve underwriting and risk management, enhance customer offerings and services and profitably grow the business.
The U.S. Senate Commerce Committee will hold a Nov. 20 hearing on the testing and deployment of self-driving vehicles that will include top U.S. safety officials, as Congress has struggled to pass legislation on autonomous vehicles.
An effort to crack down on alleged fraud in the auto-glass repair industry, particularly along the Interstate 4 corridor, is spurring an insurance battle in the state Legislature.
At last! When I read that a company was offering “disgrace insurance,” I was thrilled. I’ve always been a disgrace: Perhaps, finally, it would pay off.
Snowy weather and whiteout conditions were blamed for multiple pileups in Ohio and at least two deaths on Tuesday, a day after at least four people were killed in dangerous travel conditions caused by a snowstorm that swept through the Plains and Midwest.
While businesses are often aware of external threats perpetrated by cybercriminals looking to make a quick buck or competitors that want to play dirty, many forget that internal threats also pose a great risk to the safety and security of the organization and its personnel.
With total worldwide funding commitments in the insurtech sector in 2019 officially surpassing the total for 2018, according to Willis Towers Watson’s latest insurtech briefing, it’s no surprise to see many insurers taking part in the flurry of investments, rounding out their own capabilities with those that start-ups are introducing to the insurance marketplace.
If you’ve driven through the heart of Solon in the past two months, you’ve probably felt the perils of the road work. But for more than 50 drivers, that visit came at a high cost: Thousands of dollars in repair bills, all rejected in sweeping fashion by an insurance company.
Several car makers have announced ambitious plans to go electric in the next decade or two, but as more electric vehicles (EVs) hit the streets, there could be an increased insurance risk, according to one insurer.
Two were injured after a gas leak caused an explosion Monday afternoon, setting fire to a Cloverdale Heights home in Charles Town, West Virginia, said Larry Herbst, fire chief of Citizens Fire Department.
It has been quite the turbulent ride for catastrophe insurance providers in the past few years. The US has suffered a series of devastating hurricanes, kicking off on August 25, 2017, when Hurricane Harvey made landfall in Texas as a Category 4 storm.
The U.S. Supreme Court on Tuesday dealt a blow to the firearms industry, rejecting Remington Arms Co’s bid to escape a lawsuit by families of victims aiming to hold the gun maker liable for its marketing of the assault-style rifle used in the 2012 Sandy Hook school massacre that killed 20 children and six adults.
The sun is setting at a construction site on "the ridge," as locals call it. Towering pine trees with their bark still black from wildfire are lit up in orange. And Chip Gorley and some buddies are about to crack open cans of IPA to celebrate some rare good news.
