March 11, 2015
The West Coast’s risk of ruin is even greater than we previously feared. According to the just-released Third Uniform California Earthquake Rupture Forecast, the likelihood that California could see an earthquake of 8.0 or more over the next 30 years …
March 9, 2015
Governments are having a difficult time keeping up with changes in the culture and in the economy these days. One of the top issues for governments everywhere is how to deal with services that are partly clearly commercial in nature, …
March 3, 2015
For those whose travel plans weren’t interrupted by the inclement weather, the spring meeting of the tri-annually convened National Conference of Insurance Legislators – held in Charleston, S.C. just as February turned into March – offered intense discussion and debate …
February 23, 2015
Back in her high school days, my daughter got to be a pretty darned good field hockey player, eventually became the captain of her team. But in her sophomore year, Regina was still locked in a competition with another student …
February 5, 2015
In a continuation of the encouraging trend of personal insurers embracing innovation as a way to deal with the increased popularity of “sharing economy” services, auto insurance giant Geico has announced it will be rolling out a new product in …
January 28, 2015
The California Department of Insurance has approved the state’s first private passenger auto policy endorsement specifically crafted to cover drivers for transportation network companies like Uber and Lyft. Coming just 77 days after the CDI signaled it was prepared to …
January 26, 2015
The National Association of Insurance Commissioners has begun a 30-day comment period on a draft white paper (available here) that no doubt will shape the development in states across the country of insurance requirements relevant to transportation network companies like …
January 23, 2015
In recent months, controversy over the potential “uninsured” status of drivers for app-based transportation network companies like Uber and Lyft has finally started to settle down. Those two services — the largest, thus far, in this growing field — both …
January 21, 2015
Testifying this week before the Florida House Insurance and Banking Subcommittee, Office of Insurance Regulation Deputy Chief of Staff Monte Stevens echoed much of what has been reported in recent months about Florida’s property insurance market: it has largely stabilized …
December 23, 2014
A pair of Cooperstown, N.D. brothers have been convicted in a $2 million scheme to defraud the federal crop insurance program with false claims of loss on their potato harvest. In convicting the brothers, Aaron and Derek Johnson, jurors relied …