Day: October 30, 2018

What’s Happening and What Lies Ahead for P/C Insurance Pricing: Moody’s

The stream pricing sourroundings for property/casualty insurers is “modestly positive,” with blurb and personal automobile rates rising by mid-to-high singular digits, homeowners and blurb skill rates rising by low-to-mid-single digits, and blurb misadventure rates display smaller changes, according to a Moody’s Investors Service rate change and trend consult of...

Mercury General in California Reported 3Q Income of $58.6M

Mercury General Corp. reported third-quarter net income of $58.6 million. On a per-share basis, a Los Angeles-based word conduit pronounced on Monday it had distinction of $1.06. Earnings, practiced for investment costs, were $1.11 per share. The automobile word association posted income of $894.8 million in a period. Its...

Transit Authority in Washington Settles Bus Fatality for $7.7M

King County Metro Transit in Washington has apologized and done a multimillion-dollar remuneration to a family of an Amazon worker who was killed final year by a branch bus. The Seattle Times reports 43-year-old John Ahn had finished cooking with co-workers Oct. 12, 2017, when he began channel Westlake...

Stephens Insurance Adds 4 in Management Positions in Texas

Stephens Insurance LLC an independent, financial services firm, has hired Chris Hawkins as comparison clamp president, Robert Mann and John Rhodes as clamp presidents, and Kevin Yandell as claims coordinator. All 4 are located in Texas. Hawkins will lead a firm’s automotive risk government services and brings some-more than...

Illinois Launches Autonomous Vehicle Testing Program

The Illinois Department of Transportation has begun a statewide beginning among mixed supervision agencies to rise a contrast module for connected and unconstrained vehicles. Gov. Bruce Rauner sealed an executive sequence final week directing IDOT to rise a module called “Autonomous Illinois” to keep it forward in investigate on...

Lawsuits: Operator of Oklahoma Rig That Exploded Used Cheaper Drilling Plan

Two lawsuits lay that a user of a gas good that exploded in southeastern Oklahoma used a cheaper and quicker drilling devise notwithstanding experts’ advice. The Tulsa World reports that a Jan blast nearby Quinton killed 5 workers who were from Oklahoma, Texas and Colorado. Amendments filed progressing this...

Cleaning Company Owner Pays $43K Restitution to Ohio Workers’ Comp Insurer

The owners of a Columbus, Ohio, cleaning association who continued to run his business after his workers’ remuneration word over in 2010 has paid some-more than $43,000 in compensation to a Ohio Bureau of Workers’ Compensation (BWC), a insurer announced. Gyorgy Benedek, owners of Maintenance Free Building Services Inc.,...

2 Charged With Selling Fake Insurance in Michigan

Two people in Michigan face transgression charges filed by a state’s profession ubiquitous for allegedly offered fake word to customers. The charges are a outcome a corner review by a Child, Elder, and Family Financial Crimes Division during a Michigan Attorney General’s Office and a Department of Insurance and...

Texas Workers’ Comp Division Proposes New Carrier Reimbursement Forms

The Texas Department of Insurance, Division of Workers’ Compensation (DWC) is usurpation comments on 5 newly due forms to assistance word carriers contention requests for payment from a Subsequent Injury Fund (SIF). Use of these forms will be voluntary. The DWC reported that a forms are designed to assistance...

How brokers can learn from a failures of early chatbots

How brokers can learn from a failures of early chatbots Early adopters of chatbot technology, many of that are now sealed or dismantled, mostly did not comprehend a border to that we need to sight a system, Accenture pronounced final week. “There was this… fake clarity that a machines...