Insurtech company REIN has launched DroneInsurance.com, with underwriting by Liberty Specialty Markets, providing usage-based insurance for commercial drone operators and simplifying the process of obtaining both base and liability coverage.
Twelve states will each see insured damages topping $100 million as the weather system that hit the U.S. from May 11-16 caused a total of $2.5 billion in commercial and residential claims, according to a report Tuesday from Boston-based catastrophe modeler Karen Clark & Co.
For the first time, the National Transportation Safety Board is recommending all new school buses be equipped with lap and shoulder seat belts, after the agency released findings from a special investigation report prompted by two deadly 2016 crashes.
At its core, the industry is plagued by an inherent conflict of interest. Our customers don’t have an industry expert advocating solely on their behalf; the experts have financial incentives coming from the insurance industry.
The National Insurance Crime Bureau (NICB) today released a study on the number of animal-related insurance losses for the years 2014—2017. The data is gleaned from insurance claims for losses that occurred in all 50 states plus the District of Columbia.
A catastrophe report has found that the US re/insurance sector is on the hook for more than half of the total economic loss in April resulting from severe convective weather such as thunderstorms and tornados.
More than 35,000 pounds of raw ground beef sold at Kroger stores are being recalled because they may be contaminated with foreign objects including hard plastic.
Police are sending out a warning to homeowners about a new scam that could lead to a burglary. The Sharpsville Town Marshal’s Office is investigating after a man was caught taking pictures of a home for a fake insurance company.
An intense band of snow that mixed with falling freezing temperatures created slick road conditions across central Indiana overnight Thursday morning into rush hour, causing more than 50 crashes.
“That largely explains it,” Insurance Institute of Indiana and State Farm lobbyist Jon Zarich told a state House committee Feb. 21 in presenting an amendment at least one of them hadn’t seen. But his summary of the amended Senate Bill 164 omitted any mention that the proposed language would effectively strip away auto insurance policyholders’ right to assign insurance benefits to body shops.
No immediate relief is in sight for a swath of the Midwest where heavy rain, melting snow and rising rivers have shuttered schools, closed roads and prompted several evacuations.
Rob Manuszak was busy pumping out the basement of the little house he bought about a month ago at 1118 Emerson Ave. At the same time, South Bend Fire Department personnel were parked out front early Wednesday afternoon pulling people from their flooded homes just down the street that slopes toward the St. Joseph River.
