Claims / Legal
Targeting Millennials, Allstate Offers $2 On-Demand Road Rescues for Turkey Day
On Nov. 23—the day before Thanksgiving—Allstate announced that it is offering $2 roadside rescues for 1,000 stranded motorists experiencing common roadside emergencies, such as flat tires, dead ...
ATM Fees Class Action Lawsuits Allowed by SCOTUS to Proceed
The U.S. Supreme Court on Thursday gave the green light to class action lawsuits by consumers accusing Visa Inc, Mastercard Inc and several U.S. banks of conspiring to inflate the prices of ATM ...
New Zealand EQ Insured Losses Could Top $3B: AIR Worldwide
Catastrophe modeling firm AIR Worldwide released its initial estimates of industry insured losses from the earthquake that struck New Zealand's South Island early this week, putting a range of $762 ...
‘Unicorn’ Startups in the Crosshairs; New Risks Possible for D&O Insurers
Underwriters of directors and officers (D&O) liability insurance should keep an eye on the increased scrutiny of "unicorn" technology firms by aggrieved shareholders and securities regulators, ...
Life-Saving Tech Not Yet Standard on Most Cars
Computerized sensors that warn drivers they're about to rear-end another vehicle or prevent other types of accidents are available on models made by every major auto manufacturer. The problem, ...
Affordable Care Act Does Not Crowd Out Workers Comp Claimants: NCCI
New industry research has found that while the Patient Protection and Affordable Care Act (ACA) has dramatically increased the number of people who are medically insured, it has not hurt access to ...
Commercial Auto Claims Spike: Blame Safer Vehicles, Distracted Drivers
Earlier this year, Fitch Ratings reported that the commercial auto insurance market suffered its fifth consecutive year of underwriting losses in 2015. The commercial auto combined ratio averaged 106 ...
It Could Happen. But How Much Would Calif. Quake Impacting Both NorCal, SoCal Cost?
A large earthquake along the San Andreas fault impacting both Northern and Southern California at the same time could wreak much more havoc than previously thought. In fact, such an event was ...