News
Colo. Supreme Court the Latest to Decide if Claims Adjusters Can Be Held Personally Liable
For the third time in three years, a state supreme court is being asked to decide whether a claims adjuster can be held personally liable for bad faith. The Colorado Supreme Court on Jan. 11 heard ...
Allstate’s Net Income Down 50% in Q4 as Auto Claims Rise
Allstate Corp. said fourth-quarter 2021 net income plummeted 50 percent compared to results of the prior-year quarter as auto claim frequency and severity increased. Adjusted net income for Q4 was ...
The Latest Launches From Greensite, Mercury Insurance, Coalition
Greensite Insurance Services, an Aon speciality insurance program, has launched a cannabis management liability program tailored toward private entities including startups that are looking for ...
Kemper Eyes Rate Hikes, Agency Cancellations After Q4 Fall
Kemper Corp. said it is taking rating and other actions, including canceling some agents, as it seeks to recover from inflation-riddled fourth-quarter financial results. Kemper Corp. reported a net ...
Traffic Fatalities Surged in 2021
The number of U.S. traffic deaths surged in the first nine months of 2021 to 31,720, the government reported Tuesday, keeping up a record pace of increased dangerous driving during the coronavirus ...
How Autonomous Car Companies Are Outrunning U.S. Regulators and Lawmakers
Self-driving vehicle companies from Tesla Inc. to General Motors Co.'s Cruise are racing to start making money with their technology, outrunning efforts by regulators and Congress to write rules of ...
Hunter to Retire as CFA Director of Insurance
The man who served as the conscience of the property/casualty insurance industry for nearly three decades is retiring from a long-held post as director of insurance for the Consumer Federation of ...
Chubb Net Income Drops in Q4, More Than Doubles for Year
Chubb reported fourth-quarter 2021 net income of $2.1 billion, a decrease of 11.5 percent compared to the same period the prior year. Nevertheless, the insurer had what CEO Evan G. Greenberg called ...