Property/Casualty Insurer Profitability Slides

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.
January 31, 2017 Property Alabama Alaska Arizona Arkansas California

Storm Damage Along California’s Central Coast Keeps Adjusters Busy

The series of storms that recently slammed the Central Coast have passed, but the work isn’t over for local insurance agencies that are seeing a lot of claims.
January 30, 2017 Property California

Two Issues Prompt Recalls Of Nearly 600K Volkswagen Vehicles

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.
January 30, 2017 Auto Alabama Alaska Arizona Arkansas California

Ford Recalls F-150 For Instrument Cluster, Focus For Chassis Integrity Issues

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.
January 27, 2017 Auto Alabama Alaska Arizona Arkansas California

Marijuana Insurance Industry Is Taking Off Like Wildfire

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.
January 26, 2017 Excess & Surplus Lines Alabama Alaska Arizona Arkansas California

California Insurance Commissioner Wins Big For Consumer Protection

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.
January 24, 2017 Legislation & Regulation Litigation Property California

Fear Of Flash Flooding, Mudslides Has California Residents Evacuating

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.
January 23, 2017 Property California

Two Fallen Trees, Two Smashed Cars, Same Guy

The most recent storm to hammer the Sacramento region seemed to have it out for one person in particular -- Gerogiy Karpekin. "You know, life’s full of peaks and valleys, man," Karpekin told FOX40.
January 23, 2017 Auto California

Medical Marijuana Company Accuses Insurance Agent of Embezzling $50K Intended for Comp Policy

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.
January 19, 2017 Litigation Workers' Compensation California

When Cars Fight Back Against Thieves

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, they’ve often inadvertently been left exposed to car theft in new ways.
January 18, 2017 Alabama Alaska Arizona Arkansas California

U.S. Roads Keep Getting More Dangerous

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.
January 18, 2017 Auto Liability Alabama Alaska Arizona Arkansas California

NICB Warns Against Warming Up Unoccupied, Unlocked Vehicles

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.
January 17, 2017 Auto Alabama Alaska Arizona Arkansas California

Court Case Over Construction Coverage A Cautionary Tale For Insurers

When Moorefield Construction built a Best Buy, it knew there was more moisture vapor emitting through the structure’s concrete than there should have been.
January 17, 2017 Excess & Surplus Lines Liability Litigation California

Woman Escapes Submerged Vehicle, Uses Yoga To Survive Freezing Night

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.
January 17, 2017 Auto Liability California

The Smiling Face Of Insurtech

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.
January 17, 2017 Technology Alabama Alaska Arizona Arkansas California
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