Germany’s Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing the biggest loss reported so far by a single European reinsurer for the January catastrophe. The wildfires …
Munich Re Faces $1.3 Billion in Claims From Los Angeles Wildfires Read More »
Potential downgrades of State Farm’s California homeowners insurer came closer to reality yesterday when S&P Global Ratings put the “AA” financial strength and issuer credit ratings of State Farm General Insurance Co. on CreditWatch with negative implications. In early February, …
S&P Puts State Farm General on CreditWatch Read More »
Smartwatches and other wearable technologies have the potential to change the pricing of life insurance policies by offering better data about individuals’ mortality risk, according to a new report by reinsurance company Munich Re and analytics firm Klarity. The study …
Smartwatches Measuring Mortality Risks Are New Tool for Insurers Read More »
New fathers are more likely to be eligible for state paid parental leave programs but less likely to take the time off, leaving as much as $1.6 billion on the table annually in New York alone, according to a new …
New York Dads Forgo $1.6 Billion in Paid State Leave, Study Says Read More »
Claims, communication, and technology are the top three concerns for independent agents when placing new business with a carrier, according to insurtech Vertafore. The findings were the result of a survey of nearly 1,300 insurance professionals including account managers, agency …
Claims Service, Tech, Communication Top Independent Agent Concerns Read More »
Two years ago, Rudy Diaz made a gutsy bet. The 45-year-old owner of Hight Logistics, a trucking company that hauls containers from the bustling ports around Los Angeles, began adding some of the country’s first electric heavy-duty trucks to his …
Trump’s Threat to EV Trucking Rules Undermines Big-Rig Bets Read More »
A federal judge on Tuesday said Meta Platforms must face a lawsuit claiming that the Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers. U.S. Magistrate Judge Laurel Beeler in San …
Meta Must Face Lawsuit Claiming it Prefers Cheaper Foreign Workers Read More »
Insurance agents in Florida and beyond are finding that some of their toughest competition now seems to be coming from firms that aren’t really insurance agencies at all – at least not in the historical sense of the word. “They’re …
Big Threat? Payroll Companies Taking Insurance Biz Away from Agencies, Agents Warn Read More »
The California Labor Commissioner’s Office cited a homecare provider $2.3 million for misclassifying caregivers in a test of a new law the went into effect in January. The LCO issued the fines to Amity In-Home Care Services Inc. for misclassifying …
California Labor Commissioner Fines Homecare Company $2.3M for Worker Misclassification Read More »
A bill that would create a study on the impact of insurance rating factors in Washington, including credit history, is moving through state Legislature. Senate Bill 5589 has passed out of committee in the Washington State Senate. The bill was …
Bill to Study Insurance Rating Factors in Washington Moving Through State Legislature Read More »
