INSURANCE NEWS
Allianz Returns to Q4 Net Profit After U.S. Funds Debacle
Germany’s Allianz on Friday swung to a fourth-quarter net profit, marking a return to the black after taking big charges a year earlier for a U.S. funds scandal. The fourth quarter was helped by strength at its life and health …
Tesla Recalls 362,000 Vehicles Over Full Self-Driving Software
Tesla Inc. said it would recall 362,000 U.S. vehicles to update its Full Self-Driving (FSD) Beta software after U.S. regulators said on Thursday the driver assistance system did not adequately adhere to traffic safety laws and could cause crashes. The …
Insurers, Leasing Firms Push European Commission for Access to Valuable Vehicle Data
A broad coalition of insurers, leasing companies, car repair shops and others are calling on the European Commission to propose rules for fair access to valuable vehicle data soon, fearing further delays could see the initiative shelved after European Parliament …
Allstate: $307M in January Cat Losses and Keeps the Auto Rate Hikes Coming
Allstate Corp. said it estimated catastrophe losses for the month of January of $307 million, or $243 million after-tax from nine events primarily in Texas and California. Catastrophe losses for the January events were estimated at $309 million, partially offset …
Orion180: From MGU to Stand-alone HO Insurance Carrier
Florida-based Orion180, known for its heavy use of technology as a managing general underwriter, is officially transitioning to a stand-alone surplus lines property insurance carrier. Orion180 Insurance Co. is domiciled in Indiana and began writing non-admitted homeowners policies in coastal …
Death of Handcuffed Man in Colorado Ruled Homicide, Lawsuit Expected
The death of a man who was handcuffed after a mental health team responded to a call of him walking out into traffic last year has been ruled a homicide, according to an autopsy report released Wednesday by lawyers for …
Judge Upholds Maine Law Opposed by Diocese Allowing Older Sex Abuse Suits
AUGUSTA, Maine — A state judge on Tuesday upheld a Maine law that eliminated the statute of limitations for child sexual abuse, allowing survivors to pursue lawsuits for sex crimes that happened decades ago. An attorney for more than a …
Delaware County Settles Lawsuit Over Arrest Caught on Video for $25K
Delaware officials have agreed to pay $25,000 to settle a federal lawsuit alleging that police used excessive force and made an unlawful arrest in an encounter with a teenage drug suspect. A judge on Tuesday approved a stipulation of dismissal …
Insurers See California EV Sales Trends Driving Rate Filing Approval Urgency
Vehicle pricing was a major concern during the inflationary environment that dominated headlines in 2022, however a new report shows sales of electric vehicles in California rose by more than 50% last year from 2021 with an estimated increase in …
Poll: Almost Half the Nation Thinks Climate Change is Here and Now
Nearly every other American believes that people in the U.S. are being harmed by global warming right now. It may be a bit of a revelation that half of the nation believes climate change is here and now. What’s not …
People Moves: Lewis Brisbois Expands Midwest Products Liability Capabilities; Alera Group Promotes Floyd to SVP
Lewis Brisbois Expands Products Liability Capabilities in Midwest with Experienced Litigation Team in St. Louis Lewis Brisbois is pleased to welcome Rick Mueller and Heather F. Counts to its St. Louis, Missouri office as partners in the firm’s products liability …
Two Missouri Residents Plead Guilty to $1.2M Insurance Fraud Conspiracy
Two Columbia, Mo., residents pleaded guilty in federal court to their roles in a $1.2 million insurance fraud conspiracy that involved false claims of injuries suffered in car accidents. Latoya Marie Brown, 37, who also lived in the Kansas City, …