Monthly Archives: <span>June 2015</span>

Auto Safety Agency Fails to Hold Car Manufacturers Accountable

An upcoming government audit says the nation’s auto safety regulator failed repeatedly over a decade to discover the General Motors ignition switch defect that’s linked to more than 110 deaths. The New York Times and Detroit News report that an …

Suit Seeks Insurance for Disabled Homeowners With Pit Bull Service Dogs

People with disabilities shouldn’t be turned down for homeowners insurance just because they have pit bulls for service dogs, a federal court lawsuit filed in Oregon says. Undercover testers who told an insurance company they had disabilities and used pit …

Spin Master Ordered to Pay $435K in First Trial Over Toy Bead Drug Poisoning

Spin Master Ltd. was ordered to pay $435,000 to the family of a child who was poisoned after swallowing toy beads coated with a material that dissolves into the same chemical as a date-rape drug. In the first verdict over …

BOE Predicts Driverless Cars Could Transform Insurance as Risk Shifts

Driverless cars developed by companies such as Google Inc. could transform the insurance industry if their accident-avoidance technology sparks a shift in risk transfer, according to one of the Bank of England’s first blog posts. “As human drivers become replaced …

Insurers: Watch Out What Contracts You Reference In Your Insurance Policies

Taking a page from the Texas Supreme Court’s insurance coverage decision arising from the Deep Water Horizon oil spill, on June 10, 2015 the 5th Circuit U.S. Court of Appeals read oilfield drilling contract limitations into insurance policies purchased to …

Oregon Campaign Aims to Teach What’s Legal With Marijuana

As Oregon residents prepare to enter the new world of legal marijuana, the state wants folks to know a few things. With the slogan, “Educate Before You Recreate,” The Oregon Liquor Control Commission has launched a public education campaign to …

Generation Y Reports Greatest Increase in Auto Insurer Satisfaction

Gen Y customers are the driving force behind an increase in overall auto insurance satisfaction due to improvement across all customer service interaction channels, the largest contributor to the customer experience, according to the J.D. Power 2015 U.S. Auto Insurance …

FAA to Issue Commercial Drones Rules Within a Year

U.S. commercial drone operations could take flight on a large scale by this time next year, as federal regulators finalize rules allowing widespread unmanned aerial system use by companies, according to congressional testimony on Wednesday. A senior Federal Aviation Administration …

State Farm’s Top 10 States With Most Lightning Damage Claims

Lightning may not seem as destructive as other natural disasters, yet a strike can cause serious damage to business equipment and electrical appliances, disrupt electrical service for long periods of time, and spark wildfires. In 2014, State Farm paid nearly …

New FAA Ruling Clears Way for Property Drone Consortium Members to Fly Drones

Allstate and the Property Drone Consortium, a group of insurers, construction industry leaders and others supporting drone research, announced that a new FAA ruling will allow the consortium to fly drones for property claims research on behalf of customers. The …