Most people have viewed the proliferation of ride-sharing services such as Lyft and Uber as a good thing. From taking impaired drivers offer the road to giving transportation access to people who may not be able to afford their own vehicle, ride-sharing services have been a generally positive addition to the daily lives of most […]
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After the two earthquakes that just rocked California, residents will be disheartened to learn that yet another earthquake-related surprise is heading their way. Earthquake insurance rates are about to go way up, and that’s a trend that’s likely to continue. The Uniform California Earthquake Rupture Forecast was recently released and it includes updated risk assessments […]
Continue Reading...Chubb LTD is making headlines for becoming the first major U.S. insurance company to divest itself from coal. Traditionally, the insurance industry has always been a major supporter of coal, but as climate change has become more mainstream, people have been pressuring insurance companies to move into more sustainable waters. Chubb LTD is currently the […]
Continue Reading...While most people agree that the future of trucking lies in automation, the reality is that that industry won’t become fully autonomous for years. In the meantime, the trucking industry is one of America’s largest. In an effort to bolster the struggling industry, the Trump administration is set to relax federal regulations that had previously […]
Continue Reading...The Insurance Institute for Highway Safety (IIHS) recently released a report that found that Tesla was giving names to their automated-driving system that were intentionally misleading consumers. More specifically, the names seem to be designed to make it seem as though the autopilot system is more capable than it actually is. According to the report, […]
Continue Reading...Boeing has been having a rough year. The company’s flagship plane, the 737 Max, was involved in two fatal crashes over the last year. That led to the forced grounding of that aircraft, across all airlines, until the underlying issues that contributed to the crashes was addressed. Unfortunately for Boeing, U.S. regulators identified yet another […]
Continue Reading...Flooding has always been an issue in certain parts of the United States but global warming has caused floods to become more pervasive and more destructive. As a result, more people are at risk of flooding than ever before. To help combat this, a team of scientists have announced that they plan to calculate the […]
Continue Reading...2008 marked an event that escaped the notice of pretty much everyone except for those in the insurance industry. That year marks the moment when hail losses shot through the roof, and even now, no one can really figure out why. Before 2008 the average annual hail losses was consistently between $8 billion and $12 […]
Continue Reading...It looks as though Wells Fargo Inc. is finally going to put their auto-insurance scandal behind them. It looks as though a settlement has finally been reached, though the terms still need to be approved by a judge before it’s completely official. According to the settlement filing Wells Fargo has agreed to pay at least […]
Continue Reading...The past few years have consistently set records for natural disaster costs in the insurance industry. One of the biggest culprits of this is, of course, flooding. Despite that reality, there appears to be a major generational gap between people who understand the need for flood insurance, and those who think it might not be […]
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