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Uber to Cease Operations in Florida’s Broward County

The popular ridesharing service Uber has announced it is leaving Broward County, Florida. The company said July 6 that it will withdraw completely from the county on July 31. Uber had previously agreed to withdraw from the airport and port …

Analysis of Chubb’s Future Position in P/C Product Lines

Just a little over six months ago, ACE announced a deal to acquire the high-net-worth personal lines business of Fireman’s Fund from Allianz, competing against Chubb, which holds the leading position in the space. The announcement that ACE will buy …

California Agents Get Creative to Sell Rideshare Endorsement

Kathy Lamm, an insurance agent in Costa Mesa, Calif., over the past month or two has been busy selling a ridesharing endorsement that Farmers Insurance Group introduced in California in late May. Lamm started spreading the word soon after the …

Report: Low Incidence of Southern Church Fires Caused by Arson

As social media buzzed about church fires in the South, investigators said July 2 that weather caused a destructive blaze at a predominantly black church in South Carolina. The State Law Enforcement Division said in a statement that investigators found …

How the Insurance Industry Is Using Google Glass

Improved customer service may be just one benefit insurers could see by using Google Glass in their operations. Michael Clifton, vice president of Insurance for Cognizant, described some of the benefits in the company’s white paper last year, “Google Glass: …

Colorado Asks for Major Disaster Declaration in Wake of Spring Floods

Colorado asked federal disaster managers for a major disaster declaration in the wake of severe weather and flooding this spring and early summer that impacted 11 counties. The Colorado Division of Homeland Security and Emergency Management submitted their request in …

$84.4M Farmers Insurance Settlement Approved by Texas Court

A Travis County, Texas, district court has granted preliminary approval of a settlement with Farmers Insurance Group that will return $84.4 million to policyholders stemming from a 2002 homeowners insurance rate case. The case stems from a 2002 lawsuit by …

Commercial Insurance Prices Remain Static for Fourth Month: MarketScout

Commercial insurance rates have barely budged at all over the last four months, according to the MarketScout report for June. Only the business interruption line saw rates go down in June from the previous month and those were only down …

Utah Agent Sentenced to Prison and $1.3M in Restitution

Utah insurance agent Brent Hilton was sentenced to serve one to 15 years in prison and has been taken into custody from the Third District Court in West Jordan. Hilton in July pled guilty to one count of a pattern …

Drought Disappearing from Oklahoma, Texas After Record Rainfall

Record-shattering spring showers across Oklahoma have replenished lakes and reservoirs, helped farmers recover from a difficult year and eliminated any traces of a devastating drought that had gripped the state for five years. The latest figures from the U.S. Drought …

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