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Bill to Curb Hailstorm Claims Litigation Headed to Texas Governor’s Desk

Legislation backed by the insurance industry and some Texas business groups that curtails the ability of policyholders to sue insurance companies over property claims following extreme weather events has passed the state Senate and is headed for the governor’s desk. …

Hackers Access Email Database of E-Signature Service Used by Insurance Industry

Electronic signature service DocuSign said on Tuesday hackers had temporarily gained access to a database containing customer emails, which the company linked to a surge in phishing emails sent to its users. The company said the emails imitated the DocuSign …

Drug Use at Work at Highest Rate in 12 Years

Drug use in the American workforce, fueled by illicit drugs including cocaine, reached the highest positivity rate in 12 years last year, according to an analysis of more than 10 million workforce drug test results. Overall positivity in drug testing …

Business News: Lemonade, Berkshire BHSI, DOXA Insurance Holdings

Lemonade Moves Into California Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout the Golden State. Californians can now buy homeowners and renters insurance in seconds at lemonade.com, or through the Lemonade app, and …

Risk of Attack Higher Because of China’s Fondness for Pirated Software

China’s fondness for pirated software left it especially vulnerable to the latest global cyberattack. Beijing has tolerated rampant use of unlicensed software copies despite repeated promises to crack down and warnings by industry groups that China is leaving itself open …

Massey CEO Who Served Jail Time Asks Trump to Resist Punishing Coal Execs

Former Massey CEO Don Blankenship asked President Donald Trump on Tuesday to resist attempts in Congress to enhance criminal penalties for coal executives who violate mine safety and health standards. Blankenship, who recently was freed from federal prison, also asked …

NICB: Motorcycle Thefts Rose 2% in 2016

A new report released by the National Insurance Crime Bureau (NICB), noted a two percent increase in motorcycle thefts in the United States in 2016. A total of 46,467 motorcycles were reported stolen in 2016 compared with 45,555 reported stolen …

Subaru Considers Autoliv for Camera Upgrade

Subaru Corp. is considering Autoliv Inc.’s stereo cameras for its driver-assist system as the Japanese automaker looks for options beyond a Hitachi Ltd. unit that has been a supplier for almost a decade, people with knowledge of the matter said. …

Oklahoma Court Affirms Employer’s Right to Choose Provider in Workers’ Comp Case

An Oklahoma civil appeals court ruled in favor of an employer and its insurer in affirming an order by the Oklahoma Workers’ Compensation Commission, asserting an employer’s right to direct the medical treatment of an injured worker where it lacks …

Fatal House Fire Prompts CPSC Warning to Stop Using LayZ Board Hoverboards

The U.S. Consumer Product Safety Commission (CPSC) urged consumers to immediately stop using LayZ Board self-balancing scooters, also known as hoverboards. In a statement released earlier this month, the agency said it has evidence that LayZ Board was the hoverboard …

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