Executives from 15 auto companies met with U.S. Transportation Secretary Anthony Foxx Tuesday to discuss specific industrywide actions that can improve safety and prevent cars from being hacked.
The meeting was convened after record numbers of cars have been recalled in the last several years, Namrata Kolachalam, the Transportation Department’s press secretary, said in an e-mailed statement. Continue reading
More than half (56 percent) of the 1,135 drivers participating in an Insurance Research Council (IRC) public opinion survey said they have made changes in how they drive since installing a telematics device provided by their insurance company in their primary vehicle. Continue reading
While a full definition is hard to come by, price optimization generally refers to an insurer’s practice of varying rates based on non-risk-related factors. Price optimization involves analysis and incorporation of data not related to expected cost for risk characteristics — that is, it involves factors not related to expected loss and expense experience. Such data may include the prior year changes in premium and whether policyholders renewed subsequent to such change. Continue reading
Results from recent child car seat inspections in New York indicate that parents need to do a better job of buckling up their little ones.
Gov. Andrew Cuomo’s office says 931 car seats were inspected at a series of state-run safety checks earlier this fall. Only 112 seats were installed correctly. Continue reading
By: Andrew G. Simpson (Insurance Journal) October 2015
By the time today’s millennial insurance … Continue reading
A big part of the construction industry is insurance. Why? Well, it is simple – construction is a risky business. All construction projects have a defined set of risks; bad weather, non-payment, safety concerns, construction defect, property damage, the list goes on and on. As a contractor and a consumer it is important to be sure all parties working on your home, or jobsite, have proper insurance coverage in all areas of risk. Continue reading
Employers are nervous about the changing nature of the employment relationship. The Department of Labor now presumes that almost all workers are employees, not independent contractors. The National Labor Relations Board now views temp workers to be essentially the same as regular employees. Continue reading
Drivers with Uber and Lyft are already racking up citations after a week of doing business in Las Vegas.
McCarran International Airport spokesman Chris Jones confirmed authorities cited 87 drivers as of last week for not being authorized to drop off or pick up passengers. Continue reading
