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Insurers with High Customer Ratings Rewarded with Higher Returns: Study
Insurance companies that deliver a great customer experience are rewarded over the long-term by both consumers and investors, according to a new consulting study. The analysis by Watermark Consulting claims that insurers with a great customer experience far outperform the …
Tesla Says AutoPilot Not a Factor in Pennsylvania Crash
-The National Highway Traffic Safety Administration (NHTSA) is investigating a July 1 crash in Pennsylvania of a Tesla Model X to determine whether automated functions were in use at the time of the accident, the agency said on Wednesday. NHTSA …
U.S., China, EU Vow Crackdown on Unsafe Products Sold Online; Eye Hoverboard Standards
U.S., European and Chinese regulators say they will jointly enforce product safety in online commerce, and an American official said they are making progress on crafting standards for hoverboards. The statement last week by American, European Union and Chinese officials …
Rhode Island Lessens Penalties for Being Caught Without Driver’s License
Getting caught by police in Rhode Island for forgetting to carry a driver’s license will no longer lead to criminal charges the first time it happens. Legislation signed into law by Democratic Gov. Gina Raimondo last month has taken effect. …
South Carolina State Trooper Uses Emojis to Curb Drunk Driving
South Carolina is starting a campaign against drinking and driving based on a trooper’s tweets using the little graphic icons called emojis on his smartphone. The Anderson Independent-Mail reports the Highway Patrol already has 130 billboards up and will include …
Western National Purchases Nevada General and Affiliates
Western National Insurance Group of Edina, Minn. has completed the purchase all of the stock of Las Vegas, Nev.-based Nevada General Insurance Co., AIC America, and its wholly owned affiliates Auto Insurance America (New Mexico) and Auto Insurance America (Arizona) …
Chubb’s Sandelands Joins CNA as Senior VP, Commercial Underwriting Services
CNA announced the appointment of Barbara Sandelands as senior vice president, Commercial Underwriting Services. In this newly created role, she is responsible for driving the overall strategic direction and general management of underwriting services. Sandelands reports to Julie Stephenson, Commercial …
How to Identify Older Adults at Risk for Unsafe Driving
Almost half of all drivers on the nation’s roads are over the age of 65 and this number is projected to increase to 77 percent in the next 30 years. Adults over the age of 65 have the highest crash …
Re/Insurance Business Leaders Begin to Comment on Brexit
The UK joined the European Union in January 1973, and yesterday, the UK public voted to leave. After 43 years of marriage, the divorce proceedings will soon begin. No one knows how long it will take for the UK to …
West Virginia Insurance Head Implements Emergency Orders for June Storm Claims
West Virginia Insurance Commissioner Michael Riley has issued several emergency orders to address the response and claims handling process from severe flooding that hit the state June 23. The three emergency orders signed and dated by Riley on June …