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17
11, 2015
Florida Couple Awarded $14.5M in Geico Uninsured Motorist Lawsuit
A former chiropractor and his wife have won a $14.5 million jury verdict in a lawsuit filed over a 2004 car crash that involved a motorist with no insurance. Attorney Crane Johnstone says a Miami-Dade jury sided with David and …
18
11, 2015
Deadline Nears for Louisiana Drivers to Pay Lapsed Insurance Fines
Another round of 700,000 collection letters have gone out to Louisiana drivers, notifying them they have 30 days to pay fines for lapsed insurance coverage before their cases get turned over to a state collection agency. In an update on …
17
11, 2015
Minnesota Bars Use of Price Optimization in Insurance Rates
Minnesota Commerce Commissioner Mike Rothman has ordered insurers doing business in Minnesota to stop the practice of price optimization in setting rates for auto and homeowners insurance. Rothman said the anti-consumer practice violates state law because it unfairly discriminates by …
18
11, 2015
Telematics Changing Drivers’ Behavior: Insurance Research
Telematics devices offered by auto insurers appear to working to change the behavior of drivers. More than half (56 percent) of the 1,135 drivers participating in an Insurance Research Council (IRC) public opinion survey said they have made changes in …
17
11, 2015
WCRI: New Jersey’s Med Payments Per Workers’ Comp Claim Stable
Medical payments per workers’ compensation claim in New Jersey were stable from 2010 to 2013, in contrast to rapid growth in the 2008 to 2010 period, according to a recent study by the Workers Compensation Research Institute (WCRI). The report, …
17
11, 2015
El Niño Expected to Become One of Strongest on Record: UN’s Weather Agency
The El Niño weather pattern, a phenomenon associated with extreme droughts, storms and floods, is expected to strengthen before the end of the year and become one of the strongest on record, the U.N. weather agency said on Monday. The World Meteorological …
18
11, 2015
Ohio Working with Active Military, Veterans on Insurance Careers
Ohio Lieutenant Governor and Insurance Director Mary Taylor is urging Ohioans who are members of the military — both actively serving and veterans — to consider a career in insurance. The state is offering free resources to match military …
17
11, 2015
Study: Mass. Independent Agents Have Over $1B Financial Impact on Economy
Eight years after the introduction of managed competition for private passenger auto insurance and the influx of direct writers and direct response companies into Massachusetts to compete with independent agencies, a new study commissioned by the Massachusetts Association of Insurance …
19
11, 2015
Analysis: North Carolina Studying Drug Formularies in Workers’ Comp Claims
During the 2015 legislative session, the North Carolina General Assembly authorized and funded a study regarding prescription drug formularies in workers’ compensation claims brought by state employees. While this statute does not create a formulary, it certainly shows that the …
17
11, 2015
UK’s Chancellor of Exchequer to Double Budget to Fight Cyber Terrorism
Chancellor of the Exchequer George Osborne will double funding for Britain’s cyber defenses as Europe braces itself for further attacks from Islamist extremists. The U.K. will spend 1.9 billion pounds ($2.9 billion) countering Islamic State’s use of the internet for …