insurance program News

World Bank to Announce Insurance Program in Haiti

An arm of the World Bank next week will unveil a $1.96 million project that aims to help thousands of low-income entrepreneurs in Haiti protect their livelihoods against natural disasters. The International Finance Corporation says the program is much-needed. Only …

Progressive Receives Fourth Patent Related to Usage-Based Insurance

Progressive Insurance has received a fourth patent for system technologies used with its optional Pay As You Drive insurance program, a usage-based form of car insurance. U.S. Patent No. 8,090,598 relates, in part, to producing a driver safety score based …

Honolulu Rail Authority Reconsidering Program

Honolulu, Hawaii’s rail authority is considering ditching an insurance program that was supposed to save the city $20 million. The program would have covered contractors working on the planned 20-mile rail line. The interim director of the Honolulu Authority for …

Lockton Launches Enterprise Disruption Contingency Insurance

Lockton, a privately held insurance broker, is launching a package of risk management solutions called Enterprise Disruption Contingency Insurance designed to help companies cope with previously “uninsurable” risks. Lockton’s Enterprise Disruption Contingency Insurance offers an “umbrella solution” for such gray …