Insurance News from May 19, 2015
National News
Driverless, Shared Cars to Cut Vehicle Ownership by Half: Barclays
U.S. auto sales may drop about 40 percent in the next 25 years because of shared...
International & Reinsurance News
Arch Reinsurance Completes Acquisition of Dubai’s Gulf Re
Bermuda-based Arch Reinsurance Ltd., a member of Arch Capital Group Ltd., has completed...
East News
Amtrak Sued by Train Crash Victims Over Deadly Derailment
Six passengers on an Amtrak train that derailed May 12 in Philadelphia, killing eight...
West News
California Man Pleads Guilty to Setting Car Ablaze to Cash in on Insurance
Richard Peters, 36, of Lakeside, Calif., pleaded guilty to one felony count of...
Southeast News
Florida Bans Price Optimization; Insurers Question Definition
A memorandum released last week by Florida Insurance Commissioner Kevin McCarty warning...
Texas / South Central News
Texas Governor Signs Bill Preempting Cities’ Drilling Bans
Texas' governor has signed a bill that blocks municipalities and other local...
Midwest News
Michigan Village Outlines Plans to Keep Federal Flood Insurance
A southeastern Michigan community has told federal officials that its plans to comply...