Thieves stole more vehicles in 2017 than they had in any single year since 2009 — and the biggest reason might have nothing to do with criminals being cunning. A combination of new technology and careless drivers spells opportunity for many criminals.
A group of juveniles are accused of causing $800,000 worth of damage to mostly high-end vehicles at a Carmax dealership on the North Freeway over the weekend.
A major insurance company is fighting back after a British Columbia court required it to make good on a policy covering a gold, diamond-encrusted eagle statue allegedly stolen in Metro Vancouver more than two years ago.
While every carrier manages claims operations in a slightly different way, there are three consistent technology setups currently in practice: Green Screen, Home-Grown and Modern.
Collision claims in states that have legalized recreational marijuana have increased by as much as 6% from January 2012 through October 2017, according to new research from the Insurance Institute for Highway Safety (IIHS) and the Highway Loss Data Institute (HLDI).
The soft market in the workers’ compensation space might be coming to an end, even as predictions about continued strong competition in workers’ comp throughout 2018, made in the USI 2018 Insurance Market Outlook, have come to fruition.
German insurance company Munich Re says the Northern California wildfire that killed dozens of people and burned down the town of Paradise was the world’s costliest single natural disaster in 2018.
"Even as we focus on preventing and deterring malicious cyber activity, we must also maintain resilience as events occur.… By applying lessons learned from past incidents we can improve management of future cyber incidents and enhance the country’s cyber-resilience."
Cyber threats pose a nearly immeasurable risk to an industry based on stored private information. Dark Overlord is the name of an individual or group behind what may be a massive cyberattack on insurance companies.
The Aviation Safety Network (ASN) released its 2018 accident statistics, marking a notable uptick in fatalities from 2017. ASN recorded a total of 15 fatal commercial airliner accidents (12 passenger and three cargo flights), resulting in 556 fatalities.
Thirty years after California voters told auto insurers to focus on a driver’s safety record in setting rates, the state’s outgoing insurance commissioner has banned the apparently widespread practice of charging different rates for male and female drivers, regardless of their records.
It is time to review the accuracies of last year’s annual (or occasionally semi-annual) predictions for the future. As per usual, I did not get many things right, but I see no reason for that to discourage me from trying it again.
The city of Los Angeles is suing International Business Machines Corp.’s Weather Channel unit, accusing the company of misleading consumers about how their location data was being used.
America’s second largest automotive manufacturer is announcing its second major recall in just a few months. Ford is recalling nearly one million vehicles after it was discovered that metal inflators within their airbags contain chemicals that could explode with excessive force.
