The State of Illinois is suing State Farm for refusing to provide nationwide homeowners’ insurance data at the request of the Illinois Department of Insurance (IDOI). Attorney General Kwame Raoul filed the lawsuit on Oct. 14 on behalf of Director …
TDI Drafts New Rule Requiring Appraisal Provision
The Texas Department of Insurance recently published an informal draft of rules that would implement a new law requiring all personal auto and residential property insurance policies to include a binding appraisal provision. Texas lawmakers this year passed Senate Bill …
Florida, National Groups File Suit Over ‘Anti-Public Adjuster’ Endorsements
At least six property insurers in Florida have opened a new front in their battle against public claims adjusters – policy endorsements that strongly discourage property owners’ use of public adjusters altogether. And the National Association of Public Insurance Adjusters …
A guide to buying the right spare parts for your bike
Choosing the right bike spare parts ensures optimal performance and safety. Genuine parts maintain your bike’s warranty and can be crucial for insurance claims. Always verify part numbers and look for BIS certification. Buy from authorized dealerships or trusted mechanics. Maintaining records of replacements is vital for insurance purposes. Avoid cheap deals from unverified sellers…
Florida Governor Touts Auto Insurance Rebates, Tort Reform Success
By Jeff Dunsavage, Senior Research Analyst, Triple-I Florida Gov. Ron DeSantis announced last week that state regulators have secured nearly $1 billion in premium refunds for Progressive auto insurance policyholders in the state, due to cost savings achieved through litigation reform. DeSantis, who signed sweeping tort reform legislation bills into law in 2022 and 2023, said…
Staff Member Dies After Being Kicked at Residential School
A staff member at a residential school in Massachusetts died after being kicked in the chest while trying to restrain a 14-year-old student, and the girl is charged with assault, a prosecutor said. The incident happened last Wednesday night at …
NHTSA to Expand Probe Into 286,000 GM Vehicles Over Possible Engine Failure
The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The NHTSA said the …
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations
U.S. carrier Alaska Airlines said it had restored operations after a technology outage that grounded flights across the country and forced it to cancel more than 400 flights, disrupting travel for more than 49,000 passengers. Alaska Air Group said Oct. …
St. John’s University and ACORD Partner On Executive Education Programs
New York City’s St. John’s University is partnering with ACORD, the standards-setting body for the insurance industry, to offer virtual or in-person learning to employees of organizations that are members of ACORD. Programs focus on insurance fundamentals, professional skills, and …
JPMorgan Chase Fights Paying $115M Legal Tab for Convicted Fraudsters
For nearly three years, JPMorgan Chase has picking up the legal tab of Charlie Javice and Olivier Amar, the two convicted fraudsters who sold their financial aid startup Frank to the bank. But the two have racked up an astronomical, …