U.S. Moves to Permit Euro-Style, Low-Glare Headlights

The National Highway Traffic Safety Administration said it is moving to allow advanced headlights known as “adaptive driving beams” to be used in vehicles on U.S. roads that could help prevent nighttime crashes. Continue reading U.S. Moves to Permit Euro-Style, Low-Glare Headlights

First e-Scooter DUI Case for Los Angeles

A Los Angeles man has been fined $550 and ordered to pay restitution for riding an electric scooter while intoxicated and knocking over a 64-year-old pedestrian on a sidewalk. Continue reading First e-Scooter DUI Case for Los Angeles

California Mudslide Claims Top $421M

Insurance Journal

Insurers have received more than 2,000 insurance claims totaling more than $421 million in losses from the deadly Montecito, Calif. mudslide that destroyed or damaged more than 400 homes and businesses and killed 21 people, the California Department of Insurance reported. Continue reading California Mudslide Claims Top $421M

California Says Insurers Must Pass Tax Savings on to Policyholders

Insurance Journal

Insurance companies writing in California were sent a notice by the California Department of Insurance reminding them that under Proposition 103 their rates must not be excessive, inadequate, or unfairly discriminatory.

The recent revision to the Federal Tax Schedule for 2018 reduced the corporate tax rate from 35 percent to 21 percent. Continue reading California Says Insurers Must Pass Tax Savings on to Policyholders

Driverless Vehicle Makers Reach Feared Crossroad with Uber Fatality

Insurance Journal

Last week, Waymo showed a video of people riding in its self-driving minivans. They thumbed their phones, yawned and one snoozed. The message: Driverless cars are so safe, they’re boring. The clip was meant to drum up support for a fully driverless taxi service it plans in Phoenix later this year. Continue reading Driverless Vehicle Makers Reach Feared Crossroad with Uber Fatality

How Bad Was P/C Insurers’ Underwriting Loss in 2017?

Insurance Journal

The U.S. property/casualty industry recorded a net underwriting loss of $23.5 billion for year-end 2017, according to preliminary results from A.M. Best. That was $18 billion bigger than the underwriting loss in 2016.

The 2017 underwriting loss was mainly due to an estimated $52.9 billion paid out for catastrophes, more than double what P/C insurers handled the previous year, according to the A.M. Best analysts. Continue reading How Bad Was P/C Insurers’ Underwriting Loss in 2017?

Number of Americans Without Health Insurance Rose by 3 Million in 2017: Gallup

Number of Americans Without Health Insurance Rose by 3 Million in 2017: Gallup https://www.insurancejournal.com/news/national/2018/01/17/477331.htm

Insurers Face Potential $1 Billion in Claims for Las Vegas Mass Shooting

Insurance Journal

Bloomberg

 

The deadliest mass shooting in modern U.S. history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires.

The industry may have to shell out more than $1 billion for the Las Vegas massacre, insurance executives say. Acts of a solo gunman, who killed almost 60 people and injured about 500 others when he fired into the crowd of a country music festival last month from his Mandalay Bay hotel room, have resulted in multiple lawsuits. Victims have accused the hotel and its owner, MGM Resorts International, and concert promoter Live Nation Entertainment Inc., of failing to protect people at the event. Continue reading Insurers Face Potential $1 Billion in Claims for Las Vegas Mass Shooting

Insured Loss Estimates from California Wildfires Now up to $8 Billion

Insurance Journal

Insured losses from the siege of California wildfires could possibly reach $8 billion, according to new estimates released on Friday by catastrophe modeler RMS.

The firm now estimates the insured loss for the wildfires impacting Sonoma, Napa, Solano, Lake and Mendocino counties will reach between $6 billion and $8 billion. Continue reading Insured Loss Estimates from California Wildfires Now up to $8 Billion

Starbucks in Legal Battle over California’s Cancer Warning Law

Insurance Journal

If you happen to buy a cup of coffee in California and it comes with a cancer warning, don’t panic – it’s just the law.

No scientific study says consuming java in moderation is bad for your health – and some even show it’s good for you. But winning a reprieve from the state’s toxics disclosure requirement isn’t easy. Coffee merchants have been fighting in a Los Angeles court for six years, so far without success, to prove beyond the shadow of a doubt that the 600-year-old beverage isn’t harmful. Continue reading Starbucks in Legal Battle over California’s Cancer Warning Law

Study Ranks Driving Skills of Californians 39th in U.S., Nevadans 40th

WIAA

California and Nevada motorists rated an average grade of 77 out of 100, which placed California 39th and Nevada 40th among all states and the District of Columbia, according to a report by the website Everquote that made evaluations based on the percentage of drivers who use phones while on the road, speed, accelerate aggressively, brake “harshly” or turn poorly. The score for both states was lower than the average of 79 for the nation. Everquote tracked the driving behavior in this past year of persons who downloaded its app, which measured and ranked driving skills on a scale of 0 to 100.

By type of driving behavior, California and Nevada motorists rated the following scores based on these percentages of drivers who engaged in these dangerous actions while on an average journey:

 Use phones while driving: California motorists rated an 81 based on 35% of motorists in the state who did this, while Nevada finished with an 80 as 36% of drivers used phones. California’s score was equal to the average for Western states and greater than the national average of 80.

Speed: California got an 82 because 32% of drivers did this, while Nevada rated a 79 based on 40% of motorists speeding. The averages for the West and nationally were 83 and 79, respectively.

Accelerate aggressively: California 79 as 28% of drivers engaged in this behavior; Nevada 82 as 25% of motorists did this. The averages for the West and nationally were 86 and 85, respectively.

Brake harshly: California 77 based on 41% of drivers braking harshly; Nevada 82 with 33% of motorists doing so. The averages for the West and nationally were 86 and 83, respectively.

Turn poorly California 84 as only 18% of drivers turned poorly; Nevada 83 based on 19% of motorists doing this. The averages for the West and nationally were 87 and 86, respectively.

Owner of Hotel Cleaning Firm in California Pleads Guilty to Workers’ Comp Fraud

Insurance Journal

Hyok Kwon, owner of Good Neighbor Services, a janitorial company that provided services to some of San Diego’s most exclusive hotels and resorts, has pleaded yesterday to seven felonies, including premium and employment tax fraud. Continue reading Owner of Hotel Cleaning Firm in California Pleads Guilty to Workers’ Comp Fraud