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Insurance

Business Moves

National Nearmap, itel Thoma Bravo-backed Nearmap, headquartered in Lehi, Utah, agreed to buy insurance technology provider itel, based in Jacksonville, Florida, from private equity firm GTCR. The deal values itel at over $1.3 billion, including deb. GTCR...

Will self-driving cars mean lower insurance prices?

(NewsNation) — Autonomous vehicles could eventually lead to fewer car accidents and shake up the $400 billion U.S. auto insurance industry, but don’t bank on lower premiums anytime soon. That’s according to a recent Goldman Sachs research note cited by Bloomberg, which suggests the...

Drivers warned over common car feature that quietly causes insurance bill to spike – you’ll pay more just for having it

MOTORISTS are being warned that a common feature in most modern cars could quietly increase insurance rates.In a surprising downside, many details meant to help prevent accidents could make things pricier - mainly because these systems are expensive to fix.2These include driver assistance...

Lakeville residents voice concerns about HOA roof repair; board president responds

Lakeville residents voice concerns about HOA roof repair; board president respondsGlasswort Drive, in the Avonlea Townhome neighborhood in Lakeville, was busy with dozens of roofing crews Friday.Jared Herndon wasn’t too happy about it.“With it being rushed and without us having much input as...

‘After you make a claim, you’re doomed’

As hurricane season in Florida gets progressively worse, the home insurance crisis in the state also intensifies. What's happening? According to the Flagler College Gargoyle, Florida resident Leah Melanie Nelms received a cancellation notice for her home insurance out of the blue despite being with...

Employer Guidance on Revising Evidence of Insurability Practices

Click here to download a PDF of this newsletter. Employer Guidance on Revising Evidence of Insurability Practices The U.S. Department of Labor (the “DOL”) has rolled out an initiative over the last two years to investigate insurance companies’ practices surrounding Evidence of Insurability (“EOI”) for...