Toyota to Settle Acceleration Cases for More Than $1 Billion December 26, 2012 By Bernie Woodall and Deepa Seetharaman Toyota Motor Corp. has agreed to spend $1.1 billion to settle sweeping U.S. class-action litigation over claims that millions of...
Congress Repeals Insurance Booklet Mandate at Car Dealerships December 26, 2012 The U.S. Senate has approved legislation that would eliminate the requirement that new-car dealerships keep on hand an information booklet...
Progressive Data Shows 30% Rise in Single-Vehicle Claims on New Year’s Day December 26, 2012 According to data from Progressive Insurance, single-vehicle claims were up 30 percent on New Year’s Day 2012, when compared to...
Partner Perspective Is your agency ready for commercial lines? A 5-point readiness check Presented by EZLynx Key Takeaways Readiness for commercial lines is something you can score point by point, not something you feel your way...
Instagram Furor Triggers First Class Action Lawsuit December 26, 2012 By Dan Levine Facebook’s Instagram photo sharing service has been hit with what appears to be the first civil lawsuit to result from...
The Price Is Right: Insurance Pricing in Today’s Market December 26, 2012 By Joe Izzo and John Buchanan In the long-running game show of the same name, contestants vie with one another to figure out the right price...
FDA Closer to Approving Biotech Salmon December 26, 2012 By Carey Gillam A controversial genetically engineered salmon has moved a step closer to the consumer’s dining table after the U.S. Food and...
Progressive Releases Terms for Usage-Based Insurance Licensing Program December 21, 2012 Progressive Insurance is making the intellectual property it owns available to companies interested in implementing usage-based insurance (UBI) programs under...
Lawsuits Cast Darker Shadow Over Banks Than Libor Fines December 21, 2012 By Kirstin Ridley and Steve Slater While banks appear to be brushing off record fines for rigging interbank interest rates, investors are starting to worry about...
Art Insurers Face Record Loss from Superstorm Sandy December 21, 2012 By Myles Neligan and Sarah Mortimer Fine art insurers face claims of up to half a billion dollars, their biggest ever payout, to compensate the owners...
Ratings Roundup: Indiana Lumbermens Mutual, Noble December 21, 2012 A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Indiana...