Few Rideshare Drivers Have Insurance, But Interest is Growing


Powered by InsuranceJournal.tv A large portion of rideshare drivers do not have the required insurance – but more are buying it, or seem to be more interested in it. According to a recent survey by the Rideshare Guy, roughly one-in-five …
Source: Insurance Journal

Google self-driving vehicle collides with bus in Silicon Valley


An autonomous vehicle being tested by Google hit a bus earlier this month, the first time the company said it’s self-driving technology is partly to blame for an accident.
Source: Property Casualty 360

Arbella Foundation gave $2.8M to New England nonprofits in 2015


Arbella Insurance Group employees also donated 1,600 volunteer hours to good causes, including 152 charity walks and 61 other events.
Source: Property Casualty 360

Self-Driving Car Hits Municipal Bus in Minor California Crash, Google Says


Alphabet Inc.’s Google self-driving car struck a municipal bus in a minor crash, in what may be the first case of one of its autonomous cars hitting another vehicle. In a Feb. 23 report filed with California regulators, Google said …
Source: Insurance Journal

MassMutual Agrees to Pay $300M for MetLife Adviser Network


Massachusetts Mutual Life Insurance Co. agreed to buy MetLife Inc.’s adviser-force business and affiliated broker-dealer for about $300 million. Massachusetts Mutual Life Insurance Co. agreed to buy MetLife Inc.’s adviser-force business and affiliated broker-dealer for about $300 million. As part …
Source: Insurance Journal

G20 Puts ‘Brexit’ on List of Top Global Risks After Push by UK Government


British finance minister George Osborne pushed financial leaders from the top 20 economies to include the risk of Britain leaving the European Union in their list of dangers to the world economy on Saturday, gaining explicit support from the United …
Source: Insurance Journal

5 secrets to activating the laws of attraction


In order to unleash the full power of the Law of Attraction and make your dreams come true, there’s one key ingredient you absolutely must have.
Source: Property Casualty 360

3 ways to cut the cost of your Workers' Comp insurance


Here are some insider tips to make sure you aren’t paying any more than you need.
Source: Property Casualty 360

Hamilton Re Hires Davis to Lead Entry into Property Direct & Facultative


Hamilton Re, the reinsurance operations of Hamilton Insurance Group, announced that Gavin Davis has joined the Bermuda-based company as senior vice president, head of Property Insurance, Bermuda. Davis will be instrumental in leading the ongoing diversification of Hamilton Re’s portfolio …
Source: Insurance Journal

DUAL Commercial Launches New Online Cyber Program


DUAL Commercial, LLC has developed DUAL CyberSecurity, a new cyber program to be led by Phil Hoyt, director of Cyber Insurance. DUAL CyberSecurity provides coverage in conjunction with DUAL Commercial’s programs, as well as on a stand alone basis. DUAL’s …
Source: Insurance Journal

Coverforce, PSC wrangle over Reliance

Coverforce has announced the acquisition of a 66% shareholding in Melbourne-based Reliance Insurance Brokers, despite PSC Insurance Group having previously revealed an agreement to complete the same deal…


Source: Insurance News Australia

Reinsurance pool not the answer in the north: Swiss Re

Disaster mitigation and resilience measures are the keys to improving premium affordability in high-risk areas, according to a senior reinsurer…


Source: Insurance News Australia

Body corporate ‘conflict of interest’ under fire

Northern Australian Insurance Premiums Taskforce adviser Margaret Shaw is campaigning to stop Queensland body corporate managers receiving commissions from insurers…


Source: Insurance News Australia

E-Cigarette Explosion Injures Florida Woman, Destroys Car


A Florida woman says an e-cigarette exploded as she took a puff, knocking her teeth loose and catching her rental car on fire. Cassandra Koziol told the Naples Daily News she had parked her car outside a friend’s house Feb. …
Source: Insurance Journal

Citizens: $4.2M in Florida Customer Premiums Recovered in 2015


Citizens Property Insurance Corp. reports that it recovered more than $4.2 million in customer premiums in 2015 by aggressively pursuing third parties responsible for losses and salvaging property involved in a claim, the company said in a statement. Citizens said …
Source: Insurance Journal

Zika virus confirmed in nine pregnant travelers from the U.S.


Zika could cost Latin America and the Caribbean $3.5 billion in 2016 through lost travel and tourism, as well as economic and medical costs of the illness, according to an initial estimate the World Bank.
Source: Property Casualty 360

State Farm profit jumps 48% to $6.2 billion on pharma deals


State Farm’s auto underwriting loss widened to $4.4 billion in 2015 from $3.4 billion a year earlier, as costs rose.
Source: Property Casualty 360

S&P Responds to Swett & Crawford Sale


Standard & Poor’s Ratings Services  has removed its ratings on Cooper Gay Swett & Crawford Ltd.  (CGSC) from CreditWatch with developing implications, where S&P initially placed them Nov. 13, 2015. At the same time, S&P has raised its long-term corporate …
Source: Insurance Journal

Florida Reports 3 Pregnant Women Test Positive for Zika


Health officials say three pregnant women have tested positive for the Zika virus in Florida. Secretary of Health Dr. John Armstrong announced the cases Wednesday in his daily Zika update. A news release says all three cases are believed to …
Source: Insurance Journal

New Legislation Seeks To Address Ride-Share Concerns In Florida


New auto insurance legislation concerning ride-share companies¸ such as Uber and Lyft¸ is making progress in Florida’s legislative process. The legislation¸ sponsored by Senator David Simmons¸ is heading for the state’s Senate¸ where lawmakers will determine its feasibility and whether or not it is a good fit for the state. According to Senator Simmons¸ the legislation is a work in progress and changes may be made to it in the future.Lawmakers are beginning to come to a consensus on what needs to been changed in the legislation¸ which has brought attention to issues concerning supposed auto insurance gaps where ride-share companies are concerned.
Source: The Page – USA