Progressive Insurance has launched a Flo Chatbot on Facebook Messenger to communicate with policyholders and offer quotes to prospective customers on social media.
Cal Fire reports Tuesday morning that in the past week, more than 245,000 acres have burned across California. More than 11,000 firefighters continue making progress on 12 large wildfires burning in the state, said Lynne Tolmachoff, Cal Fire spokeswoman, in a release.
Florida businesses could see workers’ compensation insurance premiums decrease in 2018, after a tumultuous period that included a double-digit rate hike late last year and a lobbying battle about whether to revamp workers’ compensation laws.
Hurricanes Harvey, Irma and Maria left catastrophe and devastation behind, and Lloyd’s insurance claims are being rapidly processed, says the market. The company says it is responding quickly and has even made some advance payments.
President Trump recently announced that he was pulling the plug on $7 billion a year in federal cost-sharing subsidies to insurance companies selling individual policies to lower-income Americans, but today a pair of influential senators announced a bipartisan compromise that, if approved, would restore those payments for two years, while also giving states more flexibility with rules under the current law.
The relentless hurricane season is keeping Bloomington-based insurers busy. With seven weeks to go, the 2017 hurricane season is already the third most active on record.
Wineries damaged by wildfires tearing through Northern California are starting insurance claims, and at least some of the smaller vintners are likely to find limits in their policies mean payouts fall short of rebuilding costs.
"You can’t fix anything until insurance comes through. Well, we haven’t heard anything from insurance, so how do you keep moving on? You’re just frozen.”<br /><br />The sentiments of Jeni Kite are common for many in the aftermath of Harvey.
There is a new push Tuesday morning for the Ford Motor Company to recall its Explorer SUVs over carbon monoxide poisoning concerns. The Center for Auto Safety is urging Ford to pull more than 1.3 million Explorers off the road.
The owner of a tall ship that crashed into four other boats in Rhode Island after a seafood festival is blaming the incident on a dock line that became entangled on its two propellers. The SSV Oliver Hazard Perry crashed Sunday in Newport Harbor.
When properly used, a cake-cutting knife should not cut the person slicing into the cake. But some Martha Stewart-branding serving sets have been breaking, doing damage to the holder instead of the cake.
When the feds started scrutinizing two men accused of running a massive $23 million auto insurance fraud at chiropractic clinics in South Florida, their defense attorneys say investigators had a theory the ringleaders were part of the Russian mob.
Aon has collaborated with insurtech CLARA analytics to offer workers’ compensation insurers artificial intelligence and predictive analytics tools that help injured employees return to work quickly. The deal facilitated by Aon Benfield, the broker’s reinsurance intermediary and capital advisor, also decreases loss ratios and improves operational efficiency around claims for carriers, according to the companies.
Hyatt Hotels Corp (H.N) said on Thursday it had discovered unauthorized access to payment card information at certain Hyatt-managed locations worldwide between March 18, 2017 and July 2, 2017.
Though it’s too early to know the insured damage total of Hurricane Nate, the cost of hurricanes to insurance industry coverage providers in the United States will already reach $100 billion, says JPMorgan. This prediction aligns with other industry players, such as Fitch Ratings.
