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Sony, Zurich Settle PlayStation Data Breach Case

Sony Corp. of America and Zurich American Insurance Co. have reached a settlement in a commercial general liability (CGL) policy coverage case stemming from the April 2011 hacking of Sony’s PlayStation online services, according to court documents filed on April …

Agent Support, Ratings Added to Expanding Google Compare

The auto insurance comparison website Google Compare is expanding into Texas, Illinois and Pennsylvania, as well as adding ratings and insurance agent support. That announcement was made on May 5 by Stephanie Cuthbertson, group product manager for Google Compare, at …

California Jury Awards Woman $13 Million for Asbestos Exposure from Talcum

A Los Angeles, Calif. jury has awarded $13 million to a 73-year-old woman who contracted a deadly disease from using asbestos-containing talcum powder manufactured by Colgate-Palmolive Co. The verdict last month in Superior Court found that New York-based Colgate was …

Vermont’s New Captive Law Revises Capital Requirements

Vermont Gov. Peter Shumlin signed new legislation passed in April that brings several changes to the state’s captive insurance rules – including changes to the investment guidelines to allow “marketable securities” along with cash, trusts and letters of credit to …

GEICO to Raise Auto Insurance Premiums

GEICO, which “everybody knows” saves drivers 15 percent on auto insurance, said it will raise its auto premiums after underwriting results declined in the first quarter. The giant direct writer said its underwriting profit for the first quarter was $160 …

Several California Hospitals Given Low Patient Safety Grades

Nearly 40 percent of California hospitals earned low ratings for patient safety in a recent national assessment. Nonprofit The Leapfrog Group issued a national report card in late-April that gave nearly four in 10 California hospitals a C or lower …

Senators Convene Sandy Task Force; FEMA Vows Change

The head of the Federal Emergency Management Agency says he wants to fix what went wrong with the process of paying flood insurance claims following Superstorm Sandy. Craig Fugate told the first meeting of a congressional task force in Washington …

An Insurance Agent’s Guide to Finding & Converting Online Leads

Modern consumers shop online for everything from groceries to new homes. It only makes sense that they’re looking to the web for insurance polices as well. After all, why would they pick up the phone and call an agent when …

First Licensed Autonomous Freight Truck Hits the Road in U.S.

In a ceremony at Hoover Dam in May, Daimler Trucks North America unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an open public highway in the United States. The vehicle …

N.Y. Enacts New Rules to Rein In Title Insurance Industry

New York announced new regulations on title insurers on April 29 that officials say will prevent homebuyers from being charged for inappropriate fees. The proposed rules come after a state investigation found that some title insurers were buying lavish meals …

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