The state Assembly Insurance Committee approved on Wednesday legislation to revamp insurance rules in the aftermath of natural disasters, but removed a provision that could have aided victims of last year’s North Bay fires.

News Item: The Federal Reserve hikes interest rates by a quarter-point and signals two additional hikes this year and three in 2019.
Winner: The insurance industry.

Law firm Stark & Stark announced that it has obtained a verdict of $1.2 million in compensatory damages for Kelley Mahan, a passenger in a Toms River car accident. Prior to trial, the insurance company had offered only $15,000 to settle the case; however, the jury determined that Ms. Mahan would receive 80 times that sum as compensation for her injuries.

Cyber bullying, which can result in liability claims under home insurance policies, will soon be grounds for lawsuits in Nova Scotia.

Seven million homes are at risk of damage from Atlantic storms and coverage may be up in the air again.

The state Senate on Tuesday passed legislation giving fire victims who lost their homes in October more flexibility under their insurance policies to rebuild, though a related measure remains stymied by industry opposition in the chamber.

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.

Uber has shut down its self-driving car operation in Arizona two months after a fatal crash involving one of its vehicles, the company said on Wednesday.

The large body of regulations known as maritime law should be addressed before or in concert with insurance considerations when it comes to autonomous vessels, British Columbia-based author Blake Desaulniers told Canadian Underwriter last week.

Lemonade has made some big moves in the world of insurance. The company uses AI and bots to sell insurance, and has flipped the business model to ensure that Lemonade is never in conflict with customers filing insurance claims.

Insurer Chubb Ltd and a unit have agreed to pay a total of $1.3 million to New York State’s insurance regulator over their role in a National Rifle Association (NRA) insurance program, the regulator said on Monday.

While the legislative session has come to an end, the leader of an Oklahoma agency is preparing to take matters into his own hands to protect consumers.

Ontario, Canada auto insurance customers may have been overpaying by as much as $5 billion on their premiums. This figure accumulated over the last five years, said a new Ontario Trial Lawyers Association report.

California wildfire insurance was a hot topic, so to speak, between insurers and the State Insurance Committee. The committee is chaired by Senator Steve Glazer (D), widely considered to be the most moderate senator in the upper house.

Canada’s insurers are developing a framework for insuring automated vehicles that is designed for handling auto claims quickly, regardless of whether tort liability arises from human error or a manufacturing defect in the automated vehicle.