News
FTC Called on to Investigate Automakers’ Sale of Driving Data Used by Insurers
Two U.S. senators are calling on the Federal Trade Commission to investigate automakers selling customers' driving data to brokers who package it and then sell it to insurance companies. In a letter ...
Cowbell Secures $60M Series C Funding From Zurich
Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs), announced on July 26 that it has closed a $60 million Series C equity investment from Zurich Insurance Group, a ...
U.S. Judge Will Not Block FTC Ban on Worker ‘Noncompete’ Agreements
A federal judge, last Tuesday, rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly ...
Allstate’s National General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’
Allstate's National General auto insurance brand has been sued by the U.S. Department of Justice over allegations that National General and subsidiaries "engaged in a scheme to defraud customers" by ...
California Commissioner Announces FAIR Plan Modernization Deal
California Insurance Commissioner Ricardo Lara said on Friday that he and the California Fair Plan have agreed to establishing a new high-value commercial coverage option with limits up to $20 ...
AM Best: No Relief for Homeowners Line Hit With $15.2B U/W Loss in 2023
The U.S. homeowners insurance segment suffered a $15.2 billion underwriting loss in 2023, more than double the losses seen in the previous year and the line's worst underwriting results since at ...
New Survey Highlights Top States for Road Rage
California, Missouri and Utah top the states with the most road rage, according to a new Forbes Advisor survey of 10,000 licensed drivers. Nine key metrics were used to measure the occurrence of road ...
Church Insurance Rates Skyrocket Due to Increased Disasters, High Rebuild Costs
The Rev. John Parks was taking his first sabbatical in 40 years of ministry when he got a call from his church's accountant with some bad news. Church Mutual, the church's insurance company, had ...