Regulators Approve Property Rate Hikes for Florida Citizens Customers

One of Florida’s largest property insurers is going to raise its rates again in the coming year. State regulators late Friday announced that it had approved premium hikes being sought by Citizens Property Insurance. The state-created Citizens has nearly 500,000 customers across the state. Even though Florida has been relatively hurricane-free for the past decade, …

U.S. to Unveil Safety Standards for Autonomous Vehicles

The Obama administration’s proposed guidelines for self-driving cars, to be formally unveiled Tuesday, include 15 benchmarks automakers will need to meet before their autonomous vehicles can hit the road. The companies will have to show how their virtual drivers will function, what happens if they fail and how they’ve been tested, according to a preview by …

Hacking Risk and Liability Issues Don’t Deter Makers of Driverless Cars

A red VW Golf jerks back and forth as it maneuvers into a parking space in the English spa town of Cheltenham. The halting efforts resemble those of a new driver, and in a sense they are — just not from the person sitting at the wheel. The car itself is navigating into the spot, …

Staged Hacking Shows Vulnerability of Connected Vehicles

A pair of veteran cybersecurity researchers have shown they can use the Internet to turn off a car’s engine as it drives, sharply escalating the stakes in the debate about the safety of increasingly connected cars and trucks. Former National Security Agency hacker Charlie Miller, now at Twitter, and IOActive researcher Chris Valasek used a …

Americans Put Too Much Faith in Homeowners Insurance...

Too few Americans take steps to prepare for disasters and too many assume their home insurance policies will bail them out if one strikes. As disaster season peaks, a new national consumer survey commissioned by Trusted Choice and the Independent Insurance Agents & Brokers of America (the Big “I”), reveals that many homeowners lack adequate …

Many Car Keyless Remotes are Hackable According to Security Experts

A group of computer security experts say they figured out how to hack the keyless entry systems used on millions of cars, meaning that thieves could in theory break and steal items without leaving a broken window. The experts say that remote entry systems on millions of cars made by Volkswagen since 1995 can be …

Study: Bike Helmets Lower Risk of Brain Injuries, Death

  Riders with helmets were also less likely to die from their injuries, and less likely to break facial bones, than those not wearing a helmet, researchers report in American Journal of Surgery. “It’s similar to wearing a seat belt, said Dr. Jerri Rose, a pediatric emergency physician at University Hospitals’ Rainbow Babies and Children’s …

Court Removes GM Bankruptcy Shield on Ignition Switch Claims

  General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a federal appeals court ruled on Wednesday. The 2nd U.S. Circuit Court of Appeals in Manhattan said barring plaintiffs from suing …

Marijuana Ties May Signal ‘Risky Lifestyle’ to Insurers

A few weeks ago, Derek Peterson got a letter from Mutual of Omaha, turning him down for life insurance. “Our decision was based on,” the letter said, then trailed off (Monty Python-style) and picked up in all caps: WE HAVE DISCONTINUED THE PROCESSING OF YOUR APPLICATION FOR INSURANCE DUE TO COMPANY POLICY. WE CANNOT ACCEPT …