Industry News

Industry Roundup: ​U.S. Active Shooting Insurance Rates Jump as Incidents Rise; NHTSA Plans New Push Against Speeding; Independent Agency Customer Platform GloveBox Raises $5.5 Million; Businesses Should Prepare for Increased Data Surveillance

​U.S. Active Shooting Insurance Rates Jump as Incidents RiseAccording to insurers, the cost of purchasing insurance against mass shootings has increased by more than tenfold in the United States this year as a result of a string of deadly events.The Next Frontier for Drones: Letting Them Fly Out of SightAviation authorities in the U.S. and elsewhere are preparing to relax some of the safeguards they imposed to regulate a boom in off-the-shelf consumer drones over the past decade. NHTSA Plans New Push Against SpeedingThe head of National Highway Traffic Safety Administration (NHTSA) said on Wednesday the agency plans a new push to convince Americans to…

Continue ReadingIndustry Roundup: ​U.S. Active Shooting Insurance Rates Jump as Incidents Rise; NHTSA Plans New Push Against Speeding; Independent Agency Customer Platform GloveBox Raises $5.5 Million; Businesses Should Prepare for Increased Data Surveillance

Industry Roundup: ​Legal Clashes Await U.S. Companies Covering Workers’ Abortion Costs; Adapting to Changing Policyholder Behaviors & Expectations; Cyber Pirates Prowling Ship Controls Threaten Another Big Shock; Health Insurance Premiums Poised to Jump

Legal Clashes Await U.S. Companies Covering Workers' Abortion CostsA growing number of large U.S. companies have said they will cover travel costs for employees who must leave their home states to get abortions, but these new policies could expose businesses to lawsuits and even potential criminal liability, legal experts said.Adapting to Changing Policyholder Behaviors & ExpectationsThere is a need to evolve data analytics alongside changing customer behaviors and expectations.How Cannabis Legalization in NY is Affecting Landlords One Year LaterLandlords should first check with their insurers before renting to determine whether any loss arising from marijuana use by a tenant must be excluded.Cyber Pirates Prowling Ship…

Continue ReadingIndustry Roundup: ​Legal Clashes Await U.S. Companies Covering Workers’ Abortion Costs; Adapting to Changing Policyholder Behaviors & Expectations; Cyber Pirates Prowling Ship Controls Threaten Another Big Shock; Health Insurance Premiums Poised to Jump

Industry Roundup: Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance Purchases; Price of Homeowners Insurance Jumps 34%; U.S. Commercial Auto Q1 Premiums Make Significant Jump Over 5 Years

Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance PurchasesA Swiss Re Institute survey of 11,000 consumers worldwide conducted two years into the COVID-19 pandemic found that the pandemic led to an increase in online insurance purchases as well as a greater willingness to share personal health data, particularly among the younger generation.State Farm Hit by Summary Judgement ReversalA court order which granted summary judgment to State Farm over a breach of policy case has been reversed. Price of Homeowners Insurance Jumps 34%QuoteWizard® released their annual "State of Home Insurance" report and found that the average price of home insurance has increased…

Continue ReadingIndustry Roundup: Pandemic Takes Toll on Mental and Physical Wellbeing, Leading to More Online Insurance Purchases; Price of Homeowners Insurance Jumps 34%; U.S. Commercial Auto Q1 Premiums Make Significant Jump Over 5 Years