TX AG Sues Google Alleging Collection of Biometric Data of Millions without Consent

Investors sue Lighthouse Insurance Company

Texas has filed a lawsuit against Alphabet’s Google for allegedly collecting biometric data on millions of Texans without their consent, according to a statement released by the attorney general’s office on Thursday. According to the complaint, companies operating in Texas have been prohibited from collecting people’s faces, voices, or other biometric data without advanced, informed… Continue reading TX AG Sues Google Alleging Collection of Biometric Data of Millions without Consent

Big Pharma Looks to Ease Impact of Inflation Reduction Act

Big Pharma

Drugmakers are attempting to limit Medicare’s newfound ability to negotiate drug prices while also dealing with internal industry disputes and dwindling influence in Washington, D.C. Congress granted Medicare, the country’s largest buyer of prescription drugs, the authority to negotiate how much it pays for certain high-priced therapies and to receive rebates on treatments whose prices… Continue reading Big Pharma Looks to Ease Impact of Inflation Reduction Act

CA’s Catastrophic Wildfires in 2020 Erased 20 Years of Greenhouse Gas Emission Reductions

New Mexico high severity claims

According to a new study, California’s catastrophic wildfires in 2020 released twice as much greenhouse gas emissions into the atmosphere as the state’s reductions in those same gases over nearly 20 years, erasing gains dating back to 2003. According to the researchers, it is part of a very negative positive feedback loop. “Climate change is… Continue reading CA’s Catastrophic Wildfires in 2020 Erased 20 Years of Greenhouse Gas Emission Reductions

Travelers Posts Net Income Decline in 3Q Amid Hurricane Claims, Lower Investment Returns

Travelers Insurance reports 2024 Q1 income

Travelers Cos. reports a 31% drop in net income in the third quarter, as Hurricane Ian claims weighed on results and net investment income fell from an unusually strong year-ago quarter. The company said its catastrophe costs increased 11% year on year to $512 million pretax, net of reinsurance, during a difficult quarter for the… Continue reading Travelers Posts Net Income Decline in 3Q Amid Hurricane Claims, Lower Investment Returns

Workers’ Comp App Zenjuries Launches New Website

Zenjuries Workers' Comp app

Zenjuries, a Workers’ Compensation app that connects the circle of care, delivers an enhanced experience, drives better claim outcomes, and lowers costs, recently launched its new website. Zenjuries transforms the claims process, automatically guiding each team member through their Workers’ Comp workflows. The app is fast and easy with no learning curve and empowers each… Continue reading Workers’ Comp App Zenjuries Launches New Website

Amazon Launches Online Homeowners Insurance Comparison Site in the U.K.

Auto insurance online

Amazon.com Inc is launching a home insurance portal in the United Kingdom and has signed three major insurers as it expands into financial services globally. Amazon said on Wednesday that third-party services will be provided initially by Ageas UK, Co-op, and LV= General Insurance, a unit of German insurer Allianz, and that it hopes to… Continue reading Amazon Launches Online Homeowners Insurance Comparison Site in the U.K.

Inflation, Distraction Driving, Legal System Abuse Impacting Auto Insurance Market

Auto insurance

According to the Insurance Information Institute, the U.S. personal auto insurance market is being hit hard in this inflationary environment, with sharp deteriorations in combined and loss ratios expected to continue for the foreseeable future (Triple-I). In its recently updated 2022 Trends and Insights: Personal Auto Insurance Rates, the Triple-I noted that the combined ratio… Continue reading Inflation, Distraction Driving, Legal System Abuse Impacting Auto Insurance Market

Distinguished Programs Adds Sales Executive Roles

Distinguished Programs and HUB

Linda Picha and Beth Fulton have been hired as Regional Sales Executives by Distinguished Programs, a national insurance program manager. Picha will oversee broker relationships in Iowa, Idaho, Kansas, Minnesota, Missouri, Montana, North Dakota, Nebraska, South Dakota, and Washington, while Fulton will oversee broker relationships in Arkansas, Louisiana, Oklahoma, and Texas. “We’re proud to have… Continue reading Distinguished Programs Adds Sales Executive Roles

U Scope Announces PHOTO iD, a Collaborative Property Inspection Documentation Platform

Property Inspector

U Scope Technologies, a software solution provider, announced today the release of PHOTO iD on the Salesforce AppExchange, allowing businesses to provide field inspection reps with automated, custom workflow templates that capture the images needed to document various types of inspections. PHOTO iD is a collaborative property inspection documentation platform that uses AI technology to… Continue reading U Scope Announces PHOTO iD, a Collaborative Property Inspection Documentation Platform

Buyers Looking for Housing Deals in Hurricane-Damaged Florida

Reinsurance and high cost of homeowners insurance

Less than a month after Hurricane Ian wreaked havoc on southwestern Florida, investors and other buyers are looking for bargains in a region where home prices have skyrocketed in recent years. According to residential real-estate agents in Naples, Fla., and other areas near the Category 4 storm’s path, demand from both locals and out-of-staters remains… Continue reading Buyers Looking for Housing Deals in Hurricane-Damaged Florida