Yearly Archives: <span>2017</span>

5 Reasons Cyber Security Is Failing and What P/C Insurers Can Do About It

Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation. “We have a …

GOP Facing Resistance to State Bills Shielding Drivers Who Hit Protesters

Republican lawmakers in six states have pushed this year for legal protections for motorists who hit protesters blocking traffic. Fairly or not, they’re facing an intense backlash now that violent images of a car ramming into a crowd protesting a …

Lawsuit Claims U.S. Delinquent in Enforcing Rear Passenger Seat Belt Law

A new lawsuit accuses the U.S. government of being too slow to implement rules requiring that rear seat vehicle passengers be warned when they fail to buckle their seat belts. In a complaint filed on Wednesday, two nonprofits said the …

Drug Company Deflects Blame in Lawsuit Over West Virginia Opioid Crisis

A West Virginia city’s lawsuit against a drug company has led to a dispute over which is at fault in the opioid epidemic. The Charleston Gazette-Mail reported last week that one of the nation’s largest drug wholesalers is attempting to …

Florida Official Pushes Back On Reports of Highway Patrol Ticket Quotas

The head of the Florida agency that oversees state’s highway patrol insists troopers don’t have ticket quotas. Terry Rhodes on Tuesday told Gov. Rick Scott and members of the state Cabinet that her agency is reminding all supervisors that quotas …

Stake in Insurance Broker HUB International Could be Sold: Reuters

Hellman & Friedman LLC is exploring the sale of a stake in HUB International Ltd. in a deal that could value one of the largest North American insurance brokerages at between $6 billion and $7 billion, including debt, people familiar …

Middle Market Growth Spells Opportunity for California’s Insurance Community

The insurance community has at least two reasons to be interested in a new report on middle market companies, particularly those who are doing business in California. According to a report released this week from American Express and Dun & …

Report: Written Premiums for California Comp Insurers to be Flat Through 2017

Written premiums from workers’ compensation insurers in California for the year are expected to be flat at $18.1 billion compared with 2016 thanks largely to rate decreases, according to analysts with the Workers’ Compensation Insurance Rating Bureau. Premiums doubled from …

Quarry Blasts Send Barrage of Rocks Through Minnesota Neighborhood

Southern Minnesota residents are on edge after another quarry blast from a nearby mining operation sent a barrage of rocks through a neighborhood. A blast at Jefferson Quarry sent chunks of limestone — some as large as bowling balls — …

Insurance Professionals, Meteorologists to Kick Off ‘Hurricane Tour’

Texas insurance experts and meteorologists will be touring the Texas coast to inform the public about hurricane awareness and new legislation aimed at mitigating storm damage and related insurance costs. The Insurance Council of Texas (ICT) will lead the team …