The California Supreme Court is considering a case that could have massive ramifications for Bay Area-based ride-hailing companies and their workers.
Author: Annie George
Auto Insurer Websites and Apps Become Primary Driver of New Customers, Putting Pressure on Digital Experience, J.D. Power Finds
With auto insurance rates higher than ever and more consumers in the market shopping for policies than ever before, digital channels have become a critical component to the overall auto insurance shopping and service experience.
MGA Paragon Insurance Holdings Announces Partnership with Ascot Group
Managing general agent Paragon Insurance Holdings LLC said it will work with the Ascot Group in a partnership aimed at reaching niche markets.
Deadly Houston Windstorm Estimated to Have Caused $5B to $7B in Damage: AccuWeather
AccuWeather, an Eyewitness News partner, revealed a price tag of $5 billion to $7 billion for the damage caused when a powerful storm line pushed across the Houston metropolitan area. As of Friday, seven people were killed throughout the city and Harris County.
P/C Industry 2023 Underwriting Performance Improved, but Personal Lines Continues to Drag
The U.S. property/casualty industry saw its second consecutive year of underwriting losses, with a net combined ratio of 101.6 for 2023. While improved relative to 2022, personal lines remained the major driver of unprofitability in 2023.
U.S. Says Cyberattacks Against Water Supplies Are Rising
Cyberattacks against water utilities across the country are becoming more frequent and more severe, the Environmental Protection Agency warned Monday as it issued an enforcement alert urging water systems to take immediate actions to protect the nation’s drinking water.
U.S. Pledges $50M to Protect Hospitals from Cyberattacks
The US government is seeking to play a more active role in protecting the private health-care sector from a deluge of cyberattacks that have disrupted patient care and left providers unpaid.
U.S. Workers’ Compensation Market Leads the Industry in Profitability: NCCI
The U.S. workers compensation insurance market has the “strongest profitability” of all lines of property/casualty business, posting an 86% combined ratio in 2023, according to the National Council on Compensation Insurance’s (NCCI) annual State of the Line repor
Triple-I and NICB Join Up to Help Consumers Fight Contractor Fraud
The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking this week (May 20-24, 2024) as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from dishonest contractors.
Commissioner Foresees Legal Challenge to California Property Cover Changes
California history is littered with too-fast remedies that haven’t stood the test of time, Insurance Commissioner Ricardo Lara told legislators questioning why his department can’t move more quickly to solve a property insurance marketplace crisis.