American Property Casualty Insurance Association News

Insurers Say Data Shows Low Credit Scores Predict Risky Driver Behaviors

The insurance industry says it now has hard data proving that if you have a bad credit score, you’re more likely to slam on the brakes or step hard on the gas. Also if you’re less educated, unmarried, or sell …

APCIA Warns Thefts, Inflation and Risky Driving Pushing Auto Claim Severity

Auto loss costs climbed rapidly this year as vehicle traffic returned nearly to pre-pandemic levels and motorists adopted more risky behaviors, the American Property Casualty Insurance Association said in a white paper released on Monday. An increase in claim frequency …

Calif. Supreme Ct. Overturns $9M Jury Verdict in Favor of Contractor’s Injured Employee

The California Supreme Court on Thursday overturned a jury verdict that found Qualcomm Inc. liable for third-degree burns suffered by an employee of an electrical contractor who was hired to work on equipment at the company’s San Diego campus. It …

Texas Supreme Ct. Approves Discovery for Documents Related to Medical Charges

The Texas Supreme Court ruled that a defendant in a personal-injury suit has a right to review documents regarding medical providers’ negotiated rates and costs even though the providers were not parties to the suit. The high court on Friday …

Truckers and Insurers Form Partnership to Fight Tow Truck Scams

Insurers are teaming up with truckers to persuade state lawmakers to pass laws that they hope will cut down on fraud by tow truck operators. The Coalition Against Insurance Fraud announced Monday that it has formed a partnership with the …

Lawmakers: Insurance Disputes Slow Louisiana Storm Recovery

BATON ROUGE, La. — Southwest Louisiana lawmakers Wednesday criticized the insurance industry’s handling of claims from Hurricanes Laura and Delta, describing slow responses, low-balled damage estimates and drones used to assess destruction instead of people. “We’re almost four months ago …

California Governor Expands Workers’ Comp Coverage in Virus Cases

SACRAMENTO, Calif. — Gov. Gavin Newsom on Wednesday signed an executive order allowing employees across California’s economy to apply for worker’s compensation if they contract the coronavirus, with a presumption that it was work-related unless employers can prove otherwise. The …

Chubb CEO Warns Retroactive Measures Would ‘Bankrupt’ Industry

Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the economic plumbing of this country,” Greenberg said in …

Monthly Loss of $431 Billion Spurs Insurance Claims Across U.S.

Barbara Snowden dreamed of opening a wig shop to help women who’d lost their hair during chemotherapy feel better as they battled cancer. In November, she beamed at the grand opening of Hair Goals Club in the Houston suburb of …

California Bill Bars Insurers From Declining Fire Coverage

SACRAMENTO, Calif. — Amid mounting cries of California homeowners being denied wildfire insurance in high-risk areas, lawmakers want to require insurance companies to cover all existing homes, as long as they meet new safety standards. The measure, coming after years …