Features

Erie Insurance Receives FAA Approval to Use Drones

Erie Insurance announced on April 15 that it received conditional approval from the Federal Aviation Administration (FAA) to use the unmanned aircraft system (UAS) — commonly referred to as drones — in the company’s claims and underwriting processes. The FAA …

FedEx Faces Wyoming Suits After Trucks Kill Nearby Drivers

Two lawsuits have been filed against FedEx Ground Package Systems claiming the shipping giant substantially contributed to the deaths of Cheyenne, Wyo., residents. The families of two people who died in a head-on collision on I-80 east of Cheyenne claim …

Penn. Nixes Fracking Exclusions in Earthquake Endorsements

The Pennsylvania Insurance Department issued a notice telling insurance companies that earthquake endorsements to homeowners insurance policies in Pennsylvania cannot exclude coverage for earthquakes that may be caused by “human activity” such as hydraulic fracturing (“fracking”). According to the Pennsylvania …

California Workers’ Comp Premium Up 11% in 2014; Combined Ratio Still Exceeds 100

California written premium for calendar year 2014 was roughly $16.5 billion, 11 percent above 2013 and 88 percent above the written premium reported for 2009, according to a report from the California Workers’ Compensation Insurance Rating Bureau on experience through …

E&O Insights: Insuring Restaurants and Taverns Presents Some Real E&O Risks

Although most agencies insure at least one restaurant or tavern, this shouldn’t suggest that they are easy accounts to write. Errors and omissions (E&O) carriers will readily admit that writing this class of business presents some challenges. Moreover, these challenges …

N.J. Consumers to Get 1-Page Homeowners Policy Summary

The New Jersey Department of Banking and Insurance announced that starting in June, New Jersey consumers buying or renewing homeowners, condominium, mobile home, renters or dwelling fire insurance policies will receive a one-page summary of their policy that clearly explains …

CDI: True Religion Subcontractor Underreported $78M in Payroll

The owners of sewing companies subcontracted by True Religion Brand Jeans were arrested in mid-April on 18 felony counts of workers’ compensation insurance fraud totaling more than $11 million in losses. Sung Hyun Kim, 57, and her sister Caroline Choi, …

EEOC: Md. Regulatory Agency Violated Equal Pay Act

The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against the Maryland Insurance Administration (MIA), alleging that Maryland’s insurance regulatory agency paid its women investigators and enforcement officers lower wages compared to their male counterparts. The EEOC filed …

Mississippi AG Sues Over State Farm Katrina Claims

Mississippi Attorney General Jim Hood has sued State Farm Fire and Casualty Co. for allegedly shifting hundreds of millions of dollars in Hurricane Katrina wind claims to the state by mislabeling them flood claims. The suit, filed in the Circuit …

Michigan Workers’ Comp Costs Drop, Employment Rises

Michigan has had some positive developments on the employment and workers’ compensation fronts lately and state officials have been eager to share the news. Workers’ comp costs for employers in Michigan have dropped by nearly 28 percent since 2011 and …

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