Uncategorized

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 … The post BOE Predicts Driverless Cars Could Transform Insurance as Risk Shifts appeared first…

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 … The post Insurers: Watch Out What Contracts You Reference In Your Insurance Policies appeared…

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 … The post Oregon Campaign Aims to Teach What’s Legal With Marijuana appeared first on…

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 … The post Generation Y Reports Greatest Increase in Auto Insurer Satisfaction appeared first on…

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 … The post FAA to Issue Commercial Drones Rules Within a Year appeared first on…

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 … The post State Farm’s Top 10 States With Most Lightning Damage Claims appeared first…

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 … The post New FAA Ruling Clears Way for Property Drone Consortium Members to Fly…

Tropical Storm Bill wrung out almost 12 inches of rain over parts of eastern Texas, was downgraded to a depression and then handed off from the National Hurricane Center to the Weather Prediction Center. That doesn’t mean the U.S. is … The post Bill’s Remnants Could Bring Some Good Along With Bad for Midwest appeared…

California’s labor commissioner said an Uber Technologies Inc. driver who connects with customers through the company’s app must be considered an employee, a decision that strikes at the heart of its business model. San Francisco-based Uber, like other “sharing economy” … The post California Ruling That Driver Is Employee Threatens Ride Sharing Giant appeared first…

A group of Irish and Irish-American young men and women were enjoying their last blast summer in California before cracking down with college and careers, a rite of passage tens of thousands from the Emerald Isle have taken over the … The post California Balcony Collapse Victims Mourned; Probe Underway appeared first on Claims Journal.…