Author: Nordstrom

IIHS says driver assistance systems aren’t always as reliable as humans

Nordstrom
Driver assistance systems - Driver in car - steering wheel

The Insurance Institute for Highway Safety found drivers handle many situations better than cars. Relying exclusively on electronic driver assistance systems can be dangerous, said the result of Insurance Institute for Highway Safety (IIHS) tests. The reason is that those systems are not always as reliable with certain tasks as actual human drivers. The IIHS found the range of unexpected outcomes ranged from troubling to positively dangerous. The non-profit group found that driver assistance systems produce unexpected outcomes. Those results can range from bothersome, such as braking too cautiously, to…

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Nine Californian Restaurants receive workers compensation fines

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Workers Compensation Fines - Gavel -law

Restaurants in one state county received over $200,000 in admin fines for failing to cover employees. Nine restaurants in California are now facing substantial workers compensation fines for failing to adequately cover their employees. The fines were the result of a joint enforcement strike force investigation in Contra Costa County. The strike force issued over $200,000 in total administrative workers compensation fines. The fines were issued to the Contra Costa County restaurants for failing to cover their employees according to state laws. The investigators were from the California Department of…

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National Flood Insurance Program Expires in Under 2 Weeks

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National Flood Insurance Program - Hourglass - Time

The last day for the program will be July 31st unless Congress changes or renews it. The National Flood Insurance Program (NFIP), which covers five million homes against the risk of flooding, is about to expire. In fact, in under two weeks, on July 31, the program will come to an end unless Congress acts to extend it. Congress could renew it as-is or could attempt to agree to change it, but they’re running out of time. If the National Flood Insurance Program is not renewed, those with coverage will…

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Are you ready to make an insurance claim with voice-calling AI?

Nordstrom
Voice-calling AI - Woman and Robot

Google’s artificial intelligence is moving in as a replacement for low-skilled human labor jobs. Google’s surprisingly natural voice-calling AI may soon be headed to insurance call centers. A report by The Information was picked up and investigated by Engadget. The report showed that an insurance company in the United States has shown interest in Google’s AI tech. The insurance company was not named in either report, but it has expressed interest in AI. The Duplex voice-calling AI from Google would be able to “handle simple and repetitive customer calls” said…

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Individual mandate repeal causes health insurance gap in many states

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Health Insurance Gap - Mind the Gap platform

Several states are now scrambling to come up with a way to make coverage more affordable. After the individual mandate penalties were removed for failing to purchase coverage, a health insurance gap has formed in many states across the country. This has left some states struggling to make their health care affordable. As people drop their coverage health care in the states will become increasingly expensive. The only state in the country that required coverage after last year’s dismantling of the Affordable Care Act was Massachusetts. Increasingly unfavorable markets caused…

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Wilkes-Barre tornado victims get helpful tips and advice from Allstate

Nordstrom
Wilkes-Barre tornado - Tornado Damage

The insurer reached out to residents of the township to offer them safety and coverage tips. Allstate issued some important advice to those affected by the Wilkes-Barre tornado last week. It reminded customers that their safety should come before anything else when returning home. Homeowners may be keen to assess possible damage, but Allstate reminds them to be cautious. The Wilkes-Barre tornado caused notable damage to the township. That said, the Allstate report reminds customers that when they return home, the damage may create unexpected dangers. Therefore, homeowners should first…

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Japanese pet insurance market takes off due to high vet costs

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Japanese Pet Insurance - Man with Cat in Japan

Veterinary bills are on the rise in Japan, sending dog and cat owners to buy policies to help cover expenses. Considerable advances in veterinary care have helped dogs and cats to live longer, boosting the Japanese pet insurance market well beyond where it was only a handful of years ago. Longer lives and improved veterinary care has sent the price of pet health care skyward. Since veterinary care now comes with a higher expense, Japanese pet insurance policies have taken off. The reason is that dog and cat owners are…

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Senior auto insurance rates drop $200 for Delaware drivers

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Senior auto insurance - Senior Driver - Mercedes-Benz

A house bill signed into law last year went into effect on May 1 and will bring savings to seniors. House Substitute 1 for House Bill 80 (HS 1 for HB 80) will bring considerable senior auto insurance premiums reductions this year. The bill was signed August 1, 2017. The legislation became effective as of May 1, 2018. The new law prohibits car insurance companies from boosting rates for certain specific reasons. The senior auto insurance law stops car insurers from hiking premiums just because a person has turned 75…

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General Electric seeks to divest itself of insurance business

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Insurance Business - Long Term Care

GE wants to step away from the long term care insurance that is now costing it far too much. General Electric Co. is currently seeking to unload its troubled insurance business. The American multinational conglomerate has been working with investment bankers to identify opportunities. The company’s insurance branch took on a wealth of expenses following shareholder lawsuits. GE’s insurance business was required to cover extensive charges at the same time it faced lawsuits from its shareholders. The company was also the subject of an investigation by United States regulators, according…

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National Rifle Association sues state of New York over insurance crackdown

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Insurance crackdown - Gun Insurance - Guns

The pro-gun group accuses New York of conducting an unconstitutional “political blacklisting campaign.” The National Rifle Association (NRA) has filed a lawsuit over the New York insurance crackdown reported by Live Insurance News last week. The NRA sued state Governor Andrew Cuomo as well as New York’s financial Regulators. It accuses them of an unconstitutional “political blacklisting campaign” to halt banks and insurance companies from partnering with the group. The NRA filed its lawsuit against the state in the U.S. District Court for the Northern District of New York. The…

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