Knight specialty insurance company articles
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California exodus of home insurance companies continues
Two more insurers are pulling out of California's troubled homeowners insurance market, straining a marketplace that already has seen the pullback of several other companies that have cited increase costs related to wildfire risks. Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. submitted filings to the California Department of Insurance stating they will not renew 12,556 homeowners policies with a premium value of $11.3 million starting July 1. Also not being renewed are...
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Driving fast or braking hard? Your connected car may be telling your insurance company
Automakers like General Motors (GM) are sharing customers' detailed driving behavior data with insurance companies, which can lead to higher premiums for some drivers. According to a March report from The New York Times, the practice fuels concerns over privacy and consent in the IoT world. After that report was published, however, the author realized that she and her husband were also being tracked -- and she is now sharing their experience. The initial Times report focused on the experience of...
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