By the time today’s millennial insurance professionals are its top executives, the U.S. personal auto insurance industry will be a skeleton of its current self. Within 25 years, the private passenger automobile insurance industry will shrink by as much as …
Lloyds Banking Group Plc will probably take a further £1 billion ($1.6 billion) charge for wrongly sold loan insurance in the year’s second half, undermining efforts to clean up the bank as the government prepares to sell shares to individuals. …
A.M. Best has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit ratings of “aa-” of Munich Reinsurance Company and its subsidiaries. Best has also affirmed the “issue ratings” of Munich Re, as well as the ICR …
St. Louis, Mo., police are stepping up patrols and trying to develop profiles of possible suspects in a spate of fires that have damaged six churches in largely black neighborhoods during the past two weeks, the city’s police chief said. …
A woman who was trapped in her car for nearly a week after crashing off a Colorado highway is suing General Motors over alleged defects in her 2009 Chevy Malibu. The Denver Post reported the lawsuit filed Tuesday by Kristin …
Most Texas homeowners are unprotected when it comes to flood damage, a state insurance trade group says. Less than 25 percent of Texas homeowners carry flood insurance despite the risks of massive downpours that could occur in certain flood prone …
The Nevada agency that regulates taxis is preparing to ramp up its staffing now that Uber and Lyft are on the road. Lawmakers are set to review a Nevada Transportation Authority request on Wednesday to add seven new full-time staff …
President Barack Obama has declared a major disaster exists in the state of Washington following this summer’s wildfires and mudslides. The disaster declaration makes federal money available to state and local governments as well as Native American tribes to repair …
A new lawsuit says a California high school failed to take appropriate steps when a parent reported suspected sexual abuse by a wrestling coach who is now serving time on similar charges. The San Mateo County Times reported that the …
The Chicago Cubs may not have made it to the World Series this year but not because it lacked support from one of the city’s foremost insurance organizations — CNA Corp. To celebrate the Cubs’ home games at Wrigley Field …