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Autonomous Vehicle Regulation Highlights Federal vs. State Divide
As the U.S. Congress moves quickly to pass the first federal law governing self-driving cars, some state and city officials are pushing back over fears that the measure will limit their ability to regulate vehicle safety at the local level. …

POSTED SEPTEMBER 19, 2017 5:00 AM
Qatar Insurance Closes UAE Branch as Diplomatic Crisis Continues
A Qatari insurance company is closing its branch in Abu Dhabi because authorities there have not renewed its license, a sign of how the region’s diplomatic crisis is starting to have long-term effects on its economy. Qatar’s stock index also …

POSTED SEPTEMBER 19, 2017 5:00 AM
Insurers Hope Insurtech Will ‘Nudge’ Customers to Less Risky Behaviors
Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. The lure of products promising to save …

POSTED SEPTEMBER 19, 2017 5:00 AM
Expert’s Advice to Florida Agents: Report Claims That Fall Below Hurricane Deductible
With many agents currently assisting clients in determining if they have claims and the insurance claim filing process in the aftermath of Hurricane Irma, one most common question received by the Florida Association of Insurance Agents has been: Should you …

POSTED SEPTEMBER 19, 2017 4:48 AM
4 West Virginians Get Prison For Roles in Staged Crashes
Federal authorities say a West Virginia man has been sentenced to almost three years in prison for a staged vehicle crash, faked injuries and false insurance claim for a $41,000 settlement. According to prosecutors, 34-year-old Michael Sine, of Fairmont, also …

POSTED SEPTEMBER 19, 2017 4:38 AM
4 Hurricane Irma-Affected U.S. Attorney Offices Form Fraud Task Forces
The National Center for Disaster Fraud (NCDF) along with U.S. Attorneys’ Offices in the District of Puerto Rico, Southern District of Florida, Middle District of Florida and Northern District of Florida have formed task forces comprised of local, state and …

POSTED SEPTEMBER 19, 2017 4:28 AM
Florida’s Insured Losses From Irma Reach Nearly $2B & Growing
Florida policyholders so far have filed nearly $2 billion in claims to insurers for damage from Hurricane Irma, the state’s insurance regulator said on Monday. The estimate of insured losses is based on preliminary statewide data that insurers filed with …

POSTED SEPTEMBER 19, 2017 4:18 AM
Markel Enhances Professional Liability Coverage for Hard-to-Place Law Firms
Markel Corporation has enhanced its policy form and protections for hard-to-insure law firms which can no longer secure coverage in the admitted markets. This coverage is available on an excess and surplus (E&S) lines basis using a claims-made policy form. …

POSTED SEPTEMBER 19, 2017 4:15 AM
Chinese Insurer ZhongAn Initiates $1.5 Billion Hong Kong IPO
ZhongAn Online P&C Insurance Co., China’s largest online insurer, started taking orders for a Hong Kong initial public offering that could raise as much as $1.5 billion. The Shanghai-based company is offering 199.3 million new shares at HK$53.70 to HK$59.70 …

POSTED SEPTEMBER 19, 2017 3:32 AM
Category 5 Hurricane Maria on Course for Virgin Islands, Puerto Rico
The fourth major Atlantic hurricane of the year, Maria, strengthened into a rare Category 5 storm, as it churned through the eastern Caribbean, bearing down on the tiny island nation of Dominica while on a likely collision course with the …

POSTED SEPTEMBER 19, 2017 2:14 AM

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