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Louisiana comp insurer LWCC buying Prescient National

Baton Rouge-based Louisiana Workers’ Compensation Corp. announced Wednesday it is acquiring Prescient National Insurance Co. Terms of the deal were not disclosed. Charlotte, North Carolina-based Prescient National, an A.M. Best “A” rated national workers compensation insurance company, will retain its business name and rating, the...

E-bikes pose danger across college campuses, risk of insurance loss – CU-CitizenAccess.org

“Those things are going to kill me one day,” Adam Peck said to his wife, Michele, after narrowly avoiding an e-bike rider on the sidewalk next to them.  At that time, Adam was working as Illinois State University’s (ISU) assistant vice president for student...

More Coloradans reveal insurance company incorrectly billed them for “hidden” drivers

Christine O'Connor, 51, is single, works two jobs in Colorado to make ends meet and got a jolt from her insurance company, Progressive, in 2023. The insurance company notified her they were immediately increasing her auto premiums by more than $2,000 annually after...

Waymo’s driverless cars are apparently an insurance company’s dream

Waymo’s fleet of driverless vehicles are and a study indicates that may reduce crashes on roadways. The , a non-paid partnership between Waymo itself and reinsurer Swiss Re, indicated Waymo’s cars result in fewer insurance claims than those operated by people.Swiss Re...

NYC Delays the Most Workers’ Comp Claims in the State

Workers’ compensation is a form of social insurance that provides wage replacement and medical benefits to workers who are injured on the job or experience an occupation-related disease. Part safety net for workers, part liability insurance for employers, workers’ compensation laws in the...

Insurance Co. Buyer Accuses Seller Of Fraud In Chancery Suit

By Jeff Montgomery ( December 18, 2024, 5:07 PM EST) -- Alleging a "textbook case of fraud in the inducement and breach of fiduciary duty," a holding company that acquired Georgia-based Southern Trust Insurance Co. has sued the seller's principals, associates and...