News
New Texas Law Requires Insurers Provide Reason for Declining or Canceling Policies
Beginning earlier this year, a new Texas law went into effect requiring insurance companies to provide a reason for declining or canceling an auto or homeowners policy. HB 2067 applies to decisions ...
Carmakers Push Toward ‘Eyes-Off’ Driving, Raises Safety, Liability Questions
Automakers are racing toward a key milestone on the long road to fully driverless cars: systems that let drivers take their eyes off the road – to shoot a text or peck away on a laptop – unless ...
Focus on Ski Guides After Deadly California Avalanche Could Lead to Criminal Charges, Civil Suits
An investigation to determine if backcountry guides were criminally negligent during a California ski trip that ended with eight people killed in an avalanche and another presumed dead has surprised ...
Two-Thirds of Independent Agencies Plan to Increase AI Use This Year, Survey Says
More than two-thirds of independent agencies plan to increase use of artificial intelligence in the next 12 months, though just 8% said AI is currently embedded in their daily workflows, according to ...
RLI Now Has ‘A++’ Rating from AM Best
AM Best announced upgrades to the financial strength ratings of the members of RLI Group on Friday, pushing the grades up to A++ (superior) from A+ (superior). The rating upgrades reflect RLI's ...
Hedge Fund Fermat Says Surge in Cat-Bond Sales Is ‘Breathtaking’
The co-founder of Fermat Capital Management says the market for catastrophe bonds is drawing in new issuers at a rate that's unlike anything he's seen before. John Seo, managing director and ...
Large Scale Cargo Ring Busted in LA, $5M Recovered
A multi-agency investigation led to five arrests last week in a large-scale cargo ring bust, according to a statement from the Los Angeles Police Department's (LAPD) Commercial Crimes Division Cargo ...
Prosecutors Allege UK Aircraft Parts Firm’s Fraud Caused Millions in Losses
The director of a London-based airline parts company used forged documents to sell tens of thousands of engine parts, causing large losses for aviation industry giants including American Airlines, GE ...