US motorists have eased their feet off their gas pedals a bit since the height of the pandemic, but their eyes are on the road a lot less, according to a new report by Cambridge Mobile Telematics. The company, which …
WASHINGTON — U.S. traffic deaths soared after coronavirus lockdowns ended in 2020, hitting the highest yearly total since 2007 as more Americans engaged in unsafe behavior on U.S. roads, the National Highway Traffic Safety Administration (NHTSA) said Thursday. For all …
FORT MYERS, Fla. (AP) — Energy Harness CEO/inventor/engineer Michael Fischer and senior vice president Peter Lehrer were approached with a problem from a client about a year ago. They began brainstorming ways to solve it. With COVID-19 bringing the office …
LONDON — Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two …
Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told the Reuters Events Future of Insurance USA conference that …
LONDON — Six insurers have decided not to appeal against a London High Court ruling that they were wrong to reject claims from holders of three business interruption insurance policies who have been pushed to the brink of collapse by …
Even though the number of opioid prescriptions in the United States had dropped by more than a third, the number of drug overdoes has surged this year, recent studies show. Mitchell, the San Diego-based claims administrator and pharmacy benefit manager, …
Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can’t ship to stores. The reason? The 66-year-old family-owned sock maker can’t get enough credit insurance to cover potential losses if …
PILANESBERG NATIONAL PARK, South Africa — W ynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his insurer rejected his COVID-19 claim. In …
Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said. The pandemic is hastening a shift …