Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2014, more than $570 billion of DPW was reported, a record-high for the industry. For 2014, total DPW for all P/C insurers aggregately increased 4.5 …
Seven people in California and Washington were arrested for allegedly conspiring to defraud eight insurance companies by submitting fraudulent auto insurance claims totaling more than $175,000. Detectives from the California Department of Insurance, assisted by Snohomish County Marshall’s Office and …
Citizens Property Insurance Corporation’s Board of Governors has approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while responding to increased water loss claims and continued inadequate rates for its remaining policyholders along …
Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite causing damage that will likely cost billions of …
A personal umbrella provides an additional layer of liability coverage above and beyond the liability limit in auto and homeowner policies. Coverage starts at $1 million and goes up from there. —Bill Gatewood, corporate vice president and director of personal …
Farmers became the first large California insurer to start offering a ridesharing insurance product in late-May. In an announcement made at the Los Angeles office of California Department of Insurance, California Insurance Commissioner Dave Jones and Farmers Group Inc. CEO …
The South Dakota Supreme Court says a man who broke his ankle running away from a co-worker on whom he had played a prank at a construction site is entitled to workers’ compensation. In Jason Petrik v. JJ Concrete, Inc. …
ISO’s new coverage and exclusion options for commercial drones have gone into effect in most ISO jurisdictions. The options were designed to provide insurers with tools to help develop insurance programs for businesses that may use drones. The new options, …
An Arizona court has ruled that a previous decision on driving under the influence of drugs doesn’t apply retroactively. A 2014 state Supreme Court decision said authorities can’t prosecute Arizona motorists for driving under the influence of marijuana unless the …
In separate investigations, state insurance regulators in North and South Dakota have found operational issues with three different insurance carriers and issued fines of more than $1 million in total. The South Dakota Division of Insurance (DOI) said it reached …
