Americans Put Too Much Faith in Homeowners Insurance

Insurance Journal

Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes.

As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent Insurance Agents & Brokers of America (the Big “I”), reveals that many homeowners [...]

July Continued Earth’s Record-Setting Hot Streak

Insurance Journal

As more than 100,000 Americans flee destructive wildfires in California and floods in Louisiana, earth sends yet another reminder that the worst is yet to come: a new record for planet-wide heat.

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Researchers Say Bounce Houses Raise Heat Safety Concern

Insurance Journal

Heat safety issues in bounce houses can put children in danger, according to a new University of Georgia study.

Expanding on the concept of microclimates like those in parked vehicles that cause serious injuries to children, the study investigated potential heat-related risks associated with bounce houses, which create a microclimate environment similar to [...]

Zeppelin Loses Fight over Legal Fees In ‘Stairway’ Copyright Case

Insurance Journal

Led Zeppelin may have won the copyright war over its creation of “Stairway to Heaven,” but it lost its battle this week to recoup nearly $800,000 in defense fees.

Judge R. Gary Klausner ruled that the band’s songwriters, record label and associated companies were not entitled to legal fees and other costs because [...]

Uber to Settle Suit for $100M, Drivers Stay Independent Contractors

Insurance Journal

Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing the ridesharing service to keep its California and Massachusetts drivers as independent contractors.

The lawsuit had claimed that Uber drivers are employees and thus entitled to reimbursement of [...]

Court Upholds NFL’s $765 Million Concussion Settlement as ‘Fair’

Insurance Journal

The National Football League’s $765 million concussion settlement was found by a federal appeals court to be fair, if imperfect.

The decision sets in motion the resolution of thousands of lawsuits covering more than 20,000 retired players. About 1 percent opted out of the settlement, which is to compensate for head injuries over [...]

Automatic Braking, Due by 2022 in U.S. Cars, Could Prevent 20% of All Crashes

Major automakers will announce Thursday they have agreed to install automatic emergency braking systems in nearly all U.S. vehicles by September 2022, three sources briefed on the plans said.

The U.S. National Highway Traffic Safety Administration (NHTSA) announced in September a deal in principle with 10 automakers to eventually add the technology to prevent thousands [...]

Uber to Pay $28M to Settle Claims over Its ‘Safe Rides Fee’

Insurance Journal

Uber Technologies Inc. said it will pay $28.5 million to settle claims that a $1 “safe rides fee” charged to riders was misleading because its background checks on drivers aren’t as rigorous as the company advertised.

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Driverless Car Accidents Pile Up As They Obey Laws, Humans Don’t So Much

Insurance Journal

The self-driving car, that cutting-edge creation that’s supposed to lead to a world without accidents, is achieving the exact opposite right now: The vehicles have racked up a crash rate double that of those with human drivers.

The glitch?

They obey the law all the time, as in, without exception. This may sound [...]

U.S. Unveils Hobby Drone Registry Rules, Deadlines

Insurance Journal

The Federal Aviation Administration (FAA) has unveiled its registration process for owners of small unmanned aircraft (UAS), or small drones used for hobby or recreation.

The registration requirement applies to UAS weighing more than 0.55 pounds and less than 55 pounds including payloads such as on-board cameras.

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Southern California Man Arrested for Fraud After Crashing BMW in Race

Insurance Journal

Andres Hernandez, 36, of Lakewood, Calif., allegedly totaled his BMW while racing and then provided false statements to his insurer about the location of the collision.

He was paid $64,860 for the claim, and was subsequently arrested on two counts of auto insurance fraud.

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California Worker Injury Rate Lowest in 13 Years

Insurance Journal

 

The California Department of Industrial Relations has posted the state’s 2014 occupational injury and illness data, which offers a look at employer-reported injuries involving days away from work.

The data shows that the incidence of occupational injuries remained at its lowest level in 13 years.

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