-
Insurers Cigna, Humana Waive Out-Of-Pocket Costs For Coronavirus Patients
Monday, March 30, 2020 - 7:22am | 359Read More...Health insurance companies Cigna Corp. (NYSE: CI) and Humana Inc. (NYSE: HUM) will waive all out-of-pocket expenses for novel coronavirus (COVID-19) patients, President Donald Trump announced in a press conference on Sunday. What Happened The expenses, such as hospitalizations and ambulance costs,...
-
Insurance Premiums Could Rise By Up To 40% In 2021 Due To Coronavirus: Report
Wednesday, March 25, 2020 - 5:38am | 431Read More...Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter. Insurance premiums in the United States could rise up to 40% in 2021 due to the impact of the novel coronavirus (COVID-19) outbreak, a report by Covered...
-
Don't Let Loss Control Visits Catch You Off-Guard
Thursday, February 27, 2020 - 6:04pm | 1150Read More...Before a motor carrier can receive a quote for commercial insurance, some insurance companies will often request a loss control visit to get to know the carrier and assess its risk—especially those with larger fleet sizes. Insurance carriers use loss control data for underwriting purposes to...
-
Illinois Carrier To Cease Operations: Cites Brutal Freight Market, Soaring Insurance Costs
Thursday, February 27, 2020 - 10:48am | 388Read More...Family-owned BK Trans Inc. of Arlington Heights, Illinois, said it will cease operations in March, citing a brutal freight market, the ongoing struggle to find qualified drivers and soaring insurance costs as the main reasons behind the small carrier's decision to close after 10 years. "The market...
-
Workers' Comp Coverage Encourages Proactive Safety Habits
Friday, February 21, 2020 - 9:46am | 1322Read More...No one can predict if and when an accident will occur. That's why finding the right workers' compensation coverage is key in not only protecting your company from costly lawsuits and payouts but also in establishing a culture of safety that will further reduce the chance of an accident. In a...
-
Insurance, Claims Drive Landstar Earnings Miss; Deadly Accident To Impact First Quarter
Thursday, January 30, 2020 - 10:31am | 739Read More...Asset-light third-party logistics provider Landstar System's Inc. (NASDAQ: LSTR) fourth quarter results came in light of analysts' expectations and its own guidance. The company reported earnings per share (EPS) of $1.27, well below the consensus estimate of $1.42 and the company's prior guidance...
-
Commentary: The Trucking Insurance Crisis, Part 2: Lawsuit Abuse
Monday, January 20, 2020 - 11:42am | 1407Read More...The views expressed here are solely those of the authors and do not necessarily represent the views of FreightWaves or its affiliates. This is part two of a two-part series of articles focused on the current trucking insurance crisis. The first article, It's time for less talk and more solutions to...
-
Former California Agent Sentenced For Pocketing Port Truckers' Insurance Premiums
Monday, January 13, 2020 - 12:16pm | 484Read More...A former California insurance agent was sentenced to jail time on Jan. 10 after being convicted of 22 felony counts and one misdemeanor count of grand theft and forgery for stealing $174,000 in insurance premiums from port truck drivers and charter bus company owners. Connie Free, 34, of Moreno...
-
Texas-Based Flatbed Carrier With 260 Trucks Shuts Down, Citing Insurance Costs
Thursday, January 2, 2020 - 10:14am | 1187Read More...Texas-based flatbed and oilfield truckload carrier Fleetwood Transportation hauled its last loads on Tuesday after deciding to shutter operations, citing insurance costs. SaferWatch reports that the carrier had 252 trucks, 673 trailers and employed 240 drivers. The fleet, based in Diboll, Texas (...
-
Benzinga Global Fintech Award Winner CoverWallet Acquired By Aon
Wednesday, November 27, 2019 - 4:11pm | 439Read More...Aon PLC (NYSE: AON), a global professional services firm, announced an agreement Nov. 20 to acquire CoverWallet, a New York startup specializing in digital insurance for small- and medium-sized enterprises. In 2017, CoverWallet won Best Insurtech Solution at the Benzinga Global Fintech Awards....
-
Prudential, M&G Split: What Happens To Investor Stock In A Spinoff?
Tuesday, October 22, 2019 - 11:44am | 372Read More...The long-awaited split between Prudential Public Limited Company (NYSE: PUK) and its subsidiary M&G gives investors the option to target their investment in their preferred portion of the insurance and asset management business. Prudential will focus more on Asian markets, while the...
-
UK Judge: Greek Owner Faked Pirate Attack, Set Own Ship Ablaze
Wednesday, October 9, 2019 - 5:05pm | 1395Read More...It sounds like a preposterous movie script, although it still might sell in Hollywood… Close-up on the embattled Greek ship owner. He rubs his worry beads. The banks are closing in, poised to collect on debts in the wake of the global financial collapse. Then, he has an idea, an audacious plan to...
-
Insured Losses From Dorian Could Hit $5B, With Billions More In Uninsured Losses
Monday, September 9, 2019 - 12:11pm | 484Read More...Insured losses from Hurricane Dorian’s direct hit on The Bahamas could approach $5 billion, according to various estimates made as damage assessments began late last week. The total loss, which includes large amounts of uninsured property, could be twice as much. The catastrophe risk...
-
This Analyst Thinks Guidewire Needs To Work Through Near-Term Changes
Friday, September 6, 2019 - 2:47pm | 372Read More...Software provider to the P&C insurance industry company Guidewire Software Inc (NYSE: GWRE) reported Thursday fiscal fourth-quarter results which were better than expected but management's guidance disappointed, according to JMP. The Analyst JMP analyst Patrick Walravens maintains a Market...
-
MKM Disects Progressive's July Results
Thursday, August 15, 2019 - 3:49pm | 355Read More...Auto insurance company Progressive Corp (NYSE: PGR) reported a financial update for the month of July where the company showed a modest but expected slowdown in personal auto policies, according to MKM. The Analyst MKM Partners analyst Harry Fong maintains a Buy rating on Progressive with a $100...
