Wells Fargo & Co. said on Friday it received final approval from a district court in California to settle a $142 million class-action lawsuit, which compensates customers affected by a sales scandal related to phony bank accounts. The settlement, in …
Personal lines underwriting losses rose in 2017 for the fourth year in a row, Fitch Ratings found in a new report. There’s a twist, however. In the three years prior to 2017, personal automobile insurance contributed largely to underwriting losses. …
Members of the Professional Insurance Agents Southern Alliance (PIA South) elected Lorie Yauney to serve as chair of the group at its recent annual meeting. The PIA Southern Alliance is the nation’s sixth largest PIA affiliate, serving agents in Alabama, …
Kentucky’s Democratic attorney general has filed a sixth lawsuit against a pharmaceutical company for deceptive marketing of opioid-based painkillers. Andy Beshear announced on Thursday that he has filed a lawsuit against Walgreens in Boone Circuit Court. Beshear says Deerfield, Illinois-based …
A roller coaster that derailed in Florida had been put out of service by state inspectors twice in the past year and a half because of problems with the ride. Two riders fell 34 feet (10 meters) when their car …
Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a conventional cyber insurance policy along …
Recently insurtech start-up Lemonade launched a product initiative called Policy 2.0. According to Lemonade, it will simplify the language within a standard insurance policy so insureds can easily understand what is and is not covered. Designed through an open-source platform, …
Digital agency Pie Insurance has begun selling its low-cost small business workers’ compensation insurance policies online in Colorado, Louisiana and Texas. That brings the total states for Pie to seven, as in March it began selling in Illinois, Georgia, Tennessee …
A new legislative framework for autonomous vehicle testing and deployment in California created this year is expected to lead to a strong wave of development of this technology in the state. In February 2018, the Office of Administrative Law passed …
California Insurance Commissioner Dave Jones has approved the first Cannabis Business Owners Policy in the State of California. The American Association of Insurance Services designed the new CannaBOP program for cannabis dispensaries, storage facilities, processors, manufacturers, distributors, and other cannabis-related …
