| 1. | In Few Years, Social Network Data May Be Used in Underwriting
Oct 13, 2011 -- The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring Facebook and other social network pages of the insureds is a common practice ... |
| 2. | FBI Gets Immunity for Wreck of Ferrari in Michigan Insurer Case
Oct 12, 2011 -- A judge has dismissed a lawsuit against the U.S. government over the wreck of a $750,000 Ferrari driven by an FBI agent, saying federal law grants immunity if property is being held by law enforcement. The wreck of the rare 1995 F50 sports car was ... |
| 3. | Top 10 Excuses From Drivers Caught Using Phones
Oct 14, 2011 -- The Insurance Corporation of British Columbia, a Canadian auto insurer, released last week a list of top excuses from local motorists when they were caught using handheld cellphones while driving. The insurer compiled the information with help from ... |
| 4. | 2,100 Jobs Lost in Insurance Industry in August
Oct 13, 2011 -- The latest U.S. jobs data show the insurance industry lost 2,100 jobs overall in August. The industry employs some 2,211,000 workers according to the latest numbers. The Insurance Information Institute reported that most of the sub-sectors had ... |
| 5. | 2nd Man Pleads Guilty in Houston in New York Tour Boat Insurance Case
Oct 11, 2011 -- A second man has pleaded guilty in Houston in a case involving the sale of insurance to a New York tour operator whose boat capsized in 2005 killing 20 elderly tourists, federal officials reported. Edmund Hugh Benton, 63, of Scottsdale, Ariz., ... |
| 6. | Cyber Threats to Expect in Coming Year
Oct 11, 2011 -- The year ahead will feature new and sophisticated means to capture and exploit user data, as well as escalating battles over the control of online information that threaten to compromise content and erode public trust and privacy. Those are the ... |
| 7. | Hartford Is Latest Site of Wall Street Protest
Oct 11, 2011 -- The protest movement that began with anti-corporate greed rallies on Wall Street has made its way to Hartford. The "Occupy Hartford" demonstrators camped out this past weekend at the corner of Broad Street and Farmington Avenue. Several dozen people ... |
| 8. | Michigan Court Says Man Can Sue In-Laws Over Fall
Oct 11, 2011 -- This could make the family Thanksgiving a bit uncomfortable. A Detroit-area man is suing his in-laws after falling through their garage attic while hunting for a Christmas wreath. The Michigan appeals court has reversed a decision by an Oakland ... |
| 9. | Allstate Closes on $1 Billion Acquisition of Esurance, Answer Financial
Oct 7, 2011 -- The Allstate Corp. said it has obtained all required regulatory approvals and closed its acquisition of Esurance and Answer Financial from White Mountains Insurance Group Ltd. The purchase price was approximately $1 billion. The transaction is ... |
| 10. | New Jersey Looks to Put a Lid On Its Auto Insurance ‘Pot of Gold’
Oct 13, 2011 -- New Jersey's auto insurance personal injury protection (PIP) regulations are due for an update. The state's law requires that the Department of Banking and Insurance (DOBI) revisit the rules every two years. The proposed rule changes are drawing a ... |
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