The U.S. property/casualty insurance industry in 2016 will likely post an underwriting loss for the first time in four years due to higher catastrophe losses, competitive market conditions and auto liability challenges, A.M. Best Co. Inc. said Monday.
The series of storms that recently slammed the Central Coast have passed, but the work isnt over for local insurance agencies that are seeing a lot of claims.
German carmaker Volkswagen will recall nearly 600,000 vehicles in the United States, most of them its premium Audi brand, over defects that could lead to fires or airbag malfunctions.
Ford just issued two new recalls, covering two wildly different vehicle segments. In fact, these two recalls exist on opposite ends of a number of spectrums.
This emerging market is rapidly growing strength throughout the United States with legalized cannabis. The marijuana insurance industry has exploded since certain forms and uses of medicinal cannabis received approval.
In a sweeping victory for consumers, Insurance Commissioner Dave Jones today announced the California Supreme Court, in a 7-0 decision, affirmed his authority against a major insurance industry legal challenge.
Southern California residents have evacuated neighborhoods below hillsides scarred by wildfires as the third and largest in the latest series of storms brings powerful rain and warnings about flash flooding and possible mudslides.
The most recent storm to hammer the Sacramento region seemed to have it out for one person in particular -- Gerogiy Karpekin. "You know, lifes full of peaks and valleys, man," Karpekin told FOX40.
A Humboldt County medical marijuana company has sued a local insurance agent for fraud and embezzlement, alleging that it gave the agent $50,000 to buy a workers compensation policy that was never delivered.
Every 45 seconds, a car is stolen in the U.S., for a total value of $4.9 billion in stolen vehicles during 2015. And as vehicles have become more sophisticated, theyve often inadvertently been left exposed to car theft in new ways.
New government estimates project that for the second straight year, the United States will see the largest leap in motor vehicle fatalities in 50 years. In the first nine months of 2016, the Department of Transportation estimates that 27,875 people died in motor vehicle crashes.
As frigid temperatures and wintry blasts have hit a large section of the nation, drivers are increasingly “puffing”warming up their parked vehicles before heading out on the road. The National Insurance Crime Bureau (NICB) warns that leaving an unlocked car running with the keys or fob inside can lead to two unwanted scenarios.
When Moorefield Construction built a Best Buy, it knew there was more moisture vapor emitting through the structures concrete than there should have been.
A 19-year-old Alameda woman died Wednesday after her car hydroplaned off a Mendocino County highway and into a fast-moving creek, where her best friend clung to a tree for 12 hours of a winter storm before swimming to shore for help at daybreak.
They have one-word names, their advertising campaigns throw around lofty concepts like optimism and their signature is digital reliance. The new face of insurance in North America wears a big smile and talks to customers using artificially intelligent chat bots.