News
China’s EV Boom Saddles its Auto Insurers With Chronic Losses
China's giant electric vehicle insurance market is flailing. Losses are piling up, as companies' risk models haven't kept up with changes in vehicle economics and driver behaviors. The country now ...
Autumn is the Most Dangerous Season For Car Accidents in the U.S.: CARFAX
Statistics show that fall, not winter, is the most dangerous season for car crashes, according to CARFAX. Data showed that in 39 states, Fall accounted for the highest percentage of accidents ...
FTC Says Finger-Detecting Table Saw Rule Would Raise Prices
A proposal to require U.S. table saw manufacturers to use one company's patented finger detection technology should be dropped, along with more than 170 other regulations that hamper competition, the ...
Primary Insurers Must Pay $50M for North Carolina Helicopter Crash Death
A North Carolina judge has ordered $50 million be paid to the family of a Charlotte TV station meteorologist who was killed in a helicopter crash three years ago after finding the companies that ...
The MEMIC Group to Acquire The Dakota Group, Including Risk Administration Services
Workers compensation specialty insurer The MEMIC Group, led by parent company Maine Employers' Mutual Insurance Company, has entered into an agreement to acquire The Dakota Group, including Risk ...
Insurance Industry Reps Back Reauthorization of Federal Terrorism Backstop
Marsh McLennan lost 358 employees in the terrorist attack on the World Trade Center on Sept. 11, 2001, and in Washington last week Michelle Sartain, who has worked at Marsh for more than 28 years, ...
Behavioral Issues Hamper Outcomes in Workers With Shoulder, Knee Injuries
A new study by the Workers Compensation Research Institute (WCRI) highlights how psychosocial risk factors, such as fear of movement, poor coping skills and low mood, can significantly impact ...
NHTSA Grants Industry Request to Delay New Car Rating Updates to 2027 Models
The National Highway Traffic Safety Administration announced on Friday that it will delay the implementation of updates to the U.S. government's New Car Assessment Program, finalized in December, ...