Features

How Insurers Can Tap into New Revenue Streams by Using ‘Data Exhaust’

The chief executive officer of Quandl is on a mission to let insurance companies know that their data is valuable and professional investors will pay them for it. But a lot of insurers are oblivious to that fact. “We’d like …

Court: Insurer Off the Hook for $500K Settlement to Florida Spa Guest

A federal appeals court ruled that Evanston Insurance Co. doesn’t owe a $500,000 settlement that a Florida spa owner agreed to pay to a woman who suffered a stroke during a massage. The decision, issued in an unpublished opinion, affirms …

Verisk: Texas 2nd, Oklahoma 7th in Number of Households at Risk for Wildfire

The 2017 Verisk Wildfire Risk Analysis shows that Texas ranks second behind California for the number of households at high or extreme risk from wildfire. Using information from the 2010 U.S. Census, the study determined the number and percentage of …

Surplus Lines Insurance Premium Up Nationwide

A mid-year compilation of excess and surplus (E&S) insurance premium amounts by the Surplus Lines Stamping Office of Texas (SLTX) shows a 6.6 percent increase in premium nationally compared with the same period last year. SLTX used information from the …

Florida CFO: Consumer Helpline Recovered $16.6M During First Half of 2017

Assistance provided by insurance experts working Florida’s Insurance Consumer Helpline led to the recovery of more than $16.6 million during the first half of 2017, according to a statement by Chief Financial Officer Jimmy Patronis. Helpline experts answered more than …

California’s Jones Tells Oklahoma’s AG, Insurance Commissioner and Others He Stands by Climate Initiative

Responding to top government officials in oil, gas and coal producing states that threatened to sue over his state’s climate initiatives, California Insurance Commissioner Dave Jones has pretty much said: bring it on. In June, Oklahoma Attorney General Mike Hunter …

From Here to Autonomy Morality and Retirement Timeline for Auto Insurance Pros

While the media, ethicists and perhaps the public like to ponder whether a self-driving car in a crisis should be programmed to hit a group of nuns crossing the street or hit a bus full of schoolkids, the drive toward …

Youth Activist Urges Industry to Step Up Fight Against Climate Change

Seventeen-year-old climate activist Delaney Reynolds has a message for the insurance industry on the topic of climate change: It’s time to step up and take action against this global crisis. “Your future customers understand that we have a problem, and …

Multiple Storm Mitigation Projects Planned in Louisiana

Louisiana will spend nearly $277 million in federal cash it received after last year’s floods to fortify communities against future disasters, mainly through drainage improvements and buyouts of flood-prone properties. The March and August 2016 floods hit 56 of Louisiana’s …

U.S. Building Owners Reviewing Structural Materials After London Grenfell Tower Blaze

U.S. building owners should review what materials their structures are built with following a deadly fire in London that showed how flames can quickly cover a high-rise, devouring it from the outside, fire experts said. An Associated Press review found …

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