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Colorado proposes $3 auto fee to fund crash prevention projects
The real cost for drivers in Colorado’s auto insurance market includes legal system abuses, catastrophic hail damage, impaired driving, and high repair costs, she said. “Colorado ranks 42nd for wildlife crashes, and adding a fee to address that won’t move the needle on what consumers actually pay,” Walker said. Source link

AXA Partners launches new travel insurance products for Schengen visa
“Leveraging our European expertise, we are excited to provide US residents travel protection should they be applying for a Schengen visa or embarking on their summer getaway,” said Blessy George, head of North America, AXA Partners. “AXA Partners US is able to offer our customers essential coverage at a reasonable price.” Source link

Louisiana lawmakers push tort reforms for auto insurance rates
While both Landry and Temple emphasized the need to address issues such as legal abuse and distracted driving, they diverged on some matters. Landry advocated for limiting the use of credit scores in underwriting, a position that has met resistance from insurers, who argue that it impairs risk-based pricing. Source link

Truck Insurance Exchange wins new trial against Federal Insurance over $4.9 million Moldex defense s
The case centers on years of litigation stemming from over 30,000 lawsuits filed against Moldex by plaintiffs who alleged its respirators failed to protect them from inhaling hazardous dusts, including silica and asbestos. Initially, Moldex’s primary insurers covered its defense. After those policy limits were exhausted in 2003, Moldex turned to its umbrella and excess…

‘We’re a mom and pop shop’: Dealing with market shifts in wholesale brokering
“If you want to expand outside of your specialty, there should be a market for it,” he said. “For me, I run a small agency with very few employees, so my best way to find out where to expand is through open communication with retail agents. They will tell you where they need help and…