Content from William Rabb
Dash Cams in Fleet Vehicles Key to Avoiding Nuclear Verdicts, Risk Managers Say
Cameras. One showing the driver and another facing forward. Those can be the keys to avoiding nuclear verdicts after auto and truck crashes, especially for companies with fleets of vehicles and ...
Fla. Insurers Imposing New Limits on Amounts Spent to Match Appearance; Kentucky Clarifies Law
Matching requirements for roofs and interior furnishings have been a tough issue in the property insurance industry for years. Recent developments show how insurers and regulators in different ...
GEICO Lays Off 6% of Workforce; Will Require More In-Office Time
In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6 percent of the workforce. "This will ...
Florida Market Improving: Less Red Ink Spilling on Bottom Lines
Florida-based insurers still aren't profitable, overall, but their net losses and underwriting losses are getting smaller. In addition, two more property insurance companies are preparing to enter ...
Hail, Convective Storms, Population Now Driving Billions in Losses — Is the Industry Prepared?
Hurricanes in the East. Wildfires in the West. Those are the big disasters that grab the headlines and are driving property insurance costs and cancellations, to a large degree, right? Yes, but ...
Temporary Fix Keeps National Flood Insurance Operating, But Only Until Nov. 17
Real estate interests and insurance companies that administer National Flood Insurance Program policies are heaving a sigh of relief after Congress approved a last-minute deal to temporarily fund the ...
Progressive Nonrenews 100,000 Homeowner and Dwelling Fire Policies in Florida
Almost two years after Progressive Insurance announced it would stop renewing some homeowners policies in Florida, Flo and crew have dropped another 100,000 homeowner and landlord policies in the ...
New Florida Immigration Law Could Worsen Property Insurance Costs
If Florida insureds and insurers haven't been pummeled enough by rising costs in recent years, they could soon see another factor that could hit them in the pocketbook. Florida's tough new ...