Entrepreneurs Raise $13 Million to ‘Reinvent’ U.S. P/C Insurance with Peer-to-Peer Insurer Lemonade January 11, 2016 By Andrew G. Simpson The U.S. property/casualty insurance industry is about to be tested directly by the sharing economy. Two tech entrepreneurs have raised...
Owners of Hotel Cleaning Firm in California Charged with $7M Workers’ Comp Fraud January 11, 2016 The owners of a janitorial company serving luxury hotels in Southern California and Nevada have been accused of running a...
Expect P/C Insurance Price Stagnation in 2016: Kroll January 11, 2016 After a banner 2015 for the U.S. property/casualty insurance sector, pricing pressures will lead to stagnation or rate declines in...
Oregon Wife Files $7.9M Suit After Husband Crushed by Dump Truck January 11, 2016 A Medford, Ore., woman has filed a lawsuit against two construction companies after her husband was crushed to death by...
Florida Lawmakers to Industry: We Want YOU to Join State Flood Insurance Market January 11, 2016 By Amy O'Connor We think the time is right for you all to explore the [Florida] flood insurance market.” That was the message...
Arkansas Court: Labor Can’t Be Depreciated in ACV Claim December 21, 2015 An insurer can’t depreciate labor in calculating the actual cash value (ACV) of an insured property in the event of...
Reforms May Have Caused Drop in Medical Payments in California, Study Shows December 21, 2015 Medical payments per claim in California fell 5 percent in 2013 for claims with more than seven days of lost...
Texas State Fire Marshal: Fire Occurred Every 7 Minutes in 2014 December 21, 2015 A fire occurred every seven minutes in 2014 in Texas, state fire officials say. A report released by the State...
Southern California Man Arrested for Fraud After Crashing BMW in Race December 21, 2015 After Andres Hernandez, 36, of Lakewood, Calif., totaled his BMW while racing, he then allegedly then provided false statements to...
Upcoming NIIC Events December 21, 2015 February 17-21 Northern Trust Open Riviera Country Club Pacific Palisades, Calif. March 3 NIIC Honoree Campus Tour & Dinner Honoring...