Insurance
[Video] Commercial Auto Insurers Wait on Impact of Litigation Reforms
Many commercial auto insurers are in a holding pattern, waiting to see how some states’ litigation reforms are enacted and enforced. However, there seems to be some positive signs for buyers. Insurance Journal’s Andrea Wells spoke to Jennifer Nuest, transportation …
Read More Lyft Pays New Jersey $19.4 Million Over Misclassifying 100,000 Drivers
Transportation company Lyft has paid the state of New Jersey $19.4 million to settle a case involving misclassification of more than 100,000 drivers as independent contractors. According to the New Jersey Department of Labor and Workforce Development (NJDOL), an audit …
Read More British Motorists to Get £200 Million Compensation From Insurers
British insurance companies are paying £200 million ($270 million) to compensate motorists whose claims were underpaid, the Financial Conduct Authority said on Friday. Insurers including Direct Line Insurance Group Plc and Admiral Group Plc are getting in touch with about …
Read More Hong Kong Braces for Twin Storms as Forecasters Predict Super Typhoon
Hong Kong is facing a period of heavy rain and strong winds as two storms brew in warm tropical waters, with one system forecast to intensify into a super typhoon next week. A tropical depression is currently spinning in the …
Read More China’s EV Automaker Xiaomi to Fix Assisted Driving Issue for Over 115,000 SU7s
Xiaomi will issue a software update for over 115,000 of its popular SU7 electric sedans to fix potential safety issues when its assisted driving features are used, a Chinese regulator said in a product recall notice. It is the second …
Read More AI Boom Fuels 11% Rise in Top Japan Insurer’s Project Loans
Nippon Life Insurance Co. sees its overseas project finance lending climbing 11% to a record high this year due to surging demand to fund AI data centers in the US and elsewhere. The outstanding amount of such loans provided by …
Read More Viewpoint: Rampant Fraud in Staged Accidents
It should come as no surprise that Hollywood has not made many movies about insurance—arguably among the least glamorous of industries. However, there are three insurance-themed films worth watching. Two from the 1940s film noir era are Double Indemnity and …
Read More Department of Energy Launches Effort to Speed Power Grid Projects for AI
The Trump administration on Thursday launched an effort to speed development of power plants and transmission lines as artificial intelligence boosts demand, even as it orders fossil fuel plants set to shut for good to keep operating. The Department of …
Read More People Moves: Gary Joins XPT Specialty’s Pacific Northwest Team
XPT Specialty added Rachel Gary to its Pacific Northwest team in its Seattle, Washington office. Gary has more than two decades of insurance industry experience, previously serving a decade-long tenure at Hull & Company, where she progressed from underwriting associate …
Read More Judge: Vermont’s Delaying Public Access to Civil Case Documents Violates 1st Amendment
A federal judge has granted an injunction against the Vermont judiciary in a legal action brought by news outlets aimed at curbing delays when seeking newly filed civil lawsuits. The ruling issued this month by Judge Christina Reiss is the …
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