Monthly Archives: <span>January 2019</span>

Business News: USAA, Pie Insurance, Root Insurance

USAA, a national property/casualty insurer serving more than 12.6 million active and former military members and their families, has joined the Geospatial Intelligence Center (GIC), an insurance industry consortium spearheaded by the National Insurance Crime Bureau (NICB). The GIC combines …

Illinois Student Tackled for Stealing Own Car Settles Suit for $1.25M

A Chicago, Ill., suburb has tentatively agreed to pay a former doctoral student $1.25 million to settle a lawsuit alleging police officers tackled him to the ground and arrested him for stealing a car that turned out to be his …

Certain Hyundai, Kia Models Rank High for Fire Insurance Claims

Owners of five Hyundai and Kia cars and SUVs file fire insurance claims at a rate far higher than the average for comparable vehicles, according to an insurance industry study. The Highway Loss Data Institute, which analyzes data from insurers …

PG&E Says Judge’s Proposals for Fire Risk Mitigation Could Cost up to $150B

Proposals by a U.S. judge to prevent Pacific Gas & Electric Co. equipment from causing more wildfires would endanger lives, could cost as much as $150 billion and would interfere with the work of federal and state regulators, the utility …

Fitch: Workers’ Comp a Prime Target for Insurance Innovation

The workers’ compensation segment of the property/casualty insurance business is a prime target for technology investment to maintain competitiveness and bolster performance, according to Fitch Ratings. “As the largest U.S. commercial lines segment, workers’ compensation is a focal point for …

Massachusetts Governor Proposes Traffic Safety Measures

A wide-ranging traffic safety proposal filed Tuesday by Massachusetts Gov. Charlie Baker would ban drivers from using handheld cellphones and give police increased power to enforce the state’s seatbelt requirements. The bill also calls for mandatory speed limit reductions in …

Misclassification Remains on State, Federal Government Radar

Small business owners who want to use independent contractors need to be sure these workers really aren’t employees. Federal and state government agencies are on the lookout for businesses that use independent contractors, or freelancers, to evade Social Security, Medicare …

Climate Change Won’t Impact Powerful Nor’easters

Even though climate change is expected to reduce the total amount of U.S. snowfall this century, it’s unlikely to significantly rein in the most powerful nor’easters that pummel the East Coast, new research indicates. The study finds that smaller snowstorms …

Wisconsin-Based Insurer Takes Over Naming Rights for Brewers Stadium

The home of the Milwaukee Brewers will no longer be known as Miller Park after next year. American Family Insurance will take over the naming rights to the stadium in 2021 under a 15-year agreement announced Tuesday. The agreement includes …

Television Host, Family Survive Montana Car Crash

Fox News host Bret Baier and his family survived a motor vehicle crash in Montana after the television anchor’s SUV slid on an icy road, collided with a pickup truck and turned over in a ditch, authorities said Tuesday. Baier, …