Insurance Roundup, October 5, 2018


News – Insurance Journal Insurance Journal delivers the latest business news for the Property/Casualty insurance industry

News – Claims Journal Insurance news and resources for the claims industry

  • Self-Driving Semis Get Boost in U.S. Autonomous Vehicle Policy
    by Ryan Beene on 2018-10-05 at 08:51The U.S. Transportation Department has given a boost to companies working on automated long-haul trucks, saying an artificial intelligence system could constitute a “driver” under federal trucking rules in a bid to ease barriers to the technology. The Federal Motor […]

  • Social Media Caused Confusion in Wisconsin Refinery Blast Evacuation
    on 2018-10-05 at 08:28Social media caused confusion during evacuation efforts following a refinery explosion and fire in Wisconsin, according to a report. Douglas County has created an 18-page report examining the emergency response to the Husky Energy refinery fire in April, Wisconsin Public […]

  • Traffic Fatalities Fell in 2017, Trend May Continue This Year
    on 2018-10-04 at 16:43Following two consecutive years of rising figures, the U.S. Department of Transportation’s National Highway Traffic Safety Administration announced that 2017 highway fatality numbers are down. In addition, preliminary estimates for the first 6 months of 2018 appear to show that […]

  • Study: Warm Waters Boosted 2017 Major Hurricane Tally
    by SETH BORENSTEIN on 2018-10-04 at 14:30The Atlantic’s warmer waters triggered the unusual number of major hurricanes last year, according to a new study that predicts the region could see a couple of extra whopper storms each year by the end of the century. Six major […]

  • Business News: Geomni, Betterview, PDA
    on 2018-10-04 at 09:04Geomni Forms Strategic Alliance With DroneBase Geomni, a Verisk business, and DroneBase, a global drone operations company, announced a strategic alliance that adds DroneBase’s Pilot Network and API to Geomni’s fleet of fixed-wing aircraft to expand property inspections globally. Geomni […]

  • New Rulings on Medical Marijuana Use Favor Workers
    by DAVE COLLINS on 2018-10-04 at 08:21Healthcare worker Katelin Noffsinger told a potential employer that she took medical marijuana to deal with the effects of a car accident, but when a drug test came back positive, the nursing home rescinded her job offer anyway. A federal […]

  • Study: During 12 Year Period Florida 3rd Party Bad Faith Costs Totaled $7.6B
    on 2018-10-04 at 08:16A new report from the Insurance Research Council (IRC) estimates that Florida’s third-party bad faith legal environment added an average of $106 in claim costs to every insured vehicle in the state in 2017, and resulted in a total of […]

Property Insurance Coverage Law Blog THE POLICYHOLDER’S ADVOCATE®

  • Will Insurance Agents Be Replaced By Computerized Artificial Intelligence?
    by Chip Merlin on 2018-10-05 at 04:15I was studying a McKinsey & Company article, Agents of the Future: The Evolution of Property and Casualty Insurance Distribution, which included a section headed as “The End of an Era for the Local Insurance Agent.” The article highlighted this comment: There are signs that the economics of the traditional agent model are beginning to…… Continue Reading […]

  • Rutgers Law Professor Debunks Notion of Increased Premiums With New Jersey Fair Conduct Act
    by Jason Cieri on 2018-10-04 at 04:15In a recent op-ed article published in the Star Ledger, Rutgers Law Professor Jay Feinman debunked the myth that insurance companies have been using for decades to prevent good faith claims handling bills from passing through the legislature. As Feinman noted, insurance companies argue that the Insurance Fair Conduct Act (IFCA) is unnecessary and would…… Continue Reading […]

  • Better Early Than Late
    by J. Ryan Fowler on 2018-10-03 at 04:15I often get asked: “Can I still file a lawsuit against my insurance company for my claim from. . . .” Like all good lawyers my answer is maybe. The reality is that the deadlines to file a lawsuit against an insurance company are controlled by the state law that applies to your claim and…… Continue Reading […]

  • Direct Physical Loss By Tenants Is Excluded Under Policy’s Dishonest or Criminal Acts Exclusion
    by Christina Phillips on 2018-10-02 at 04:15Is loss or damage caused by a tenant covered under an all-risk insurance policy? Like most issues addressed in the Merlin blog posts, the answer is: it depends on the facts and the policy language. The Sixth Circuit in KVG Properties, Inc. v. Westfield Ins. Co., 2018 WL 3978211 (6th Cir. Aug. 21, 2018) recently…… Continue Reading […]

  • The Value of a Hiring a Professional Insurance Agent
    by Chip Merlin on 2018-10-01 at 04:15A great insurance agent can be one of the most valuable professionals a person can develop a relationship. When I was a young attorney, a client told me to get the best doctor, banker, accountant, corporate attorney and insurance agent I could find and grow old with. He told me I would need each throughout…… Continue Reading […]

Global Risk Insights Political Risk for the 21st century

  • DRC Cobalt: A potential achilles heel of electric vehicles
    by Michael Schwartz on 2018-10-05 at 01:33With the global transition to electric vehicles (EVs), corporations are increasingly forced to rely on cobalt from the Democratic Republic of the Congo (DRC), where a culture of corruption, unscrupulous mining practices, and political instability threaten supply security. The post DRC Cobalt: A potential achilles heel of electric vehicles appeared first on Global Risk Insights. […]

  • Maduro regime unfazed by condemnation
    by Arthur Williams on 2018-10-04 at 15:39In a historic rebuke, five Latin American nations urged the ICC to investigate the regime of Venezuelan president Nicolas Maduro for human rights abuses. Though this public denunciation is noteworthy, the main external threat to the Maduro regime comes not from its neighbors, but from Beijing. The post Maduro regime unfazed by condemnation appeared first on Global Risk Insights. […]

  • Saudi influence in Africa: A destabilising power?
    by Clara Durovray on 2018-10-04 at 08:33Through its commercial, political and military ties with a number of African states, Saudi Arabia aims to increase the visibility of its foreign policy. The post Saudi influence in Africa: A destabilising power? appeared first on Global Risk Insights. […]

  • Challenges lie ahead for the European Union’s lofty new Africa plan
    by Erinn Stephan on 2018-10-03 at 23:32The European Commission’s renewed efforts to increase investment in Africa may signal a new commitment to take their economic partnership to the next level. But can the EU achieve its trade ambitions while being pulled in so many different directions? The post Challenges lie ahead for the European Union’s lofty new Africa plan appeared first on Global Risk Insights. […]

  • The dragon over Visegrad: China in central Europe
    by Louis Cox-Brusseau on 2018-10-02 at 12:00China’s modern successor to the Silk Road – the Belt and Road Initiative (BRI) – has received heavy criticism from the West as a tool that could be used to divide Europe through economic influence. Just how well-established is China’s influence in Central Europe – and does Chinese investment represent a threat? The post The dragon over Visegrad: China in central Europe […]

Canadian Underwriter Insurance and Risk News and Analysis. #1 in Canada

  • Canadian drivers don’t fully understand cannabis impairment
    by David Gambrill on 2018-10-04 at 23:36Canadians know that driving while high on marijuana causes a risk to road safety, but they don’t seem to understand cannabis impairment fully, according to a recent Leger poll conducted on behalf of the Insurance Bureau of Canada (IBC). Eighty-four… The post Canadian drivers don’t fully understand cannabis impairment appeared first on Canadian Underwriter. […]

  • The lengths to which this lawyer went to represent her auto accident victim
    by Greg Meckbach on 2018-10-04 at 23:31The Supreme Court of Canada has refused to hear the appeal of a personal injury lawyer who is out of pocket $30,000 after she tried to prevent a hospital from taking a vehicle accident claimant off life support. The lawyer… The post The lengths to which this lawyer went to represent her auto accident victim appeared first on Canadian Underwriter. […]

  • Is this the beginning of the end of a soft commercial market in Canada?
    by Jason Contant on 2018-10-04 at 23:18The commercial insurance market in Canada may be starting to see indications of premium rate hardening, Hub International Canada president Tina Osen told Canadian Underwriter recently. “It hasn’t all hit yet, so I want to be clear on that,” Osen… The post Is this the beginning of the end of a soft commercial market in Canada? appeared first on Canadian Underwriter. […]

  • Regulatory guidance should recognize broker independence, insurers say
    by Greg Meckbach on 2018-10-04 at 23:14When it comes to market conduct in the property and casualty industry, the regulations should recognize that brokers are independent, an Insurance Bureau of Canada spokesperson says. A guidance paper explaining regulators’ “overarching expectations” on market conduct for brokers, agents… The post Regulatory guidance should recognize broker independence, insurers say […]

  • Police make arrests in alleged vehicle cloning operation
    by Jason Contant on 2018-10-04 at 23:09Edmonton police say three people face charges in an alleged vehicle identification number cloning operation. Police say they uncovered the scheme last week when they searched a home, where they say they found a stolen BMW and Mercedes, as well… The post Police make arrests in alleged vehicle cloning operation appeared first on Canadian Underwriter. […]

Canadian Insurance Top Broker The source for top producers

insuranceNEWS.com.au General insurance and financial services news from Australia and around the world

InsureZero Blog All you need to know about Insurance

  • Healthcare 4.0 – What You Need to Know
    by Jasmine Williams on 2018-10-01 at 12:26Considering that health trackers and well being displays had been among the many first purposes for wearable tech, it shouldn’t be shocking that know-how is poised to revolutionize healthcare. Sometimes dubbed “Healthcare 4.0” the way forward for medication is closely intertwined with know-how. From nanotechnology to a variety of purposes for synthetic intelligence, listed below […]


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