John M. Biggio Lighthouse Weekly - Issue #13

Article of The Week

Commercial property/casualty insurance rates continued to rise in July, increasing 4% on average compared with those of a year earlier, according to a report released Monday by MarketScout.
Property/casualty insurance rates increase in July: MarketScout

Automobile

The first "driverless cars" now are hitting the highways, aiming to reduce accidents and make traveling safer. Fewer accidents should lead to lower car insurance rates. But who will be "at fault" if an automated car causes a crash?
It Wasn't Me, It Was My Car!

Homeowners

The following list is courtesy of A.M. Best. Rankings are based on direct premiums written for homeowners multiple peril insurers.
The Largest Home Insurance Companies By Market Share

Commercial Line

Two out of five drivers admit they've fallen asleep at the wheel, according to the AAA Foundation for Traffic Safety. One in 10 drivers acknowledged doing so in the previous year. Knowing that a one-ton vehicle could crash into you at any given moment because of an exhausted driver is scary -- but what if that driver was operating a semi-truck weighing more than 30,000 pounds? If a commercial truck driver were to cause an accident after falling asleep at the wheel, the result likely would be catastrophic. With this in mind, officials are proposing stricter rules for commercial drivers.
Proposed drowsy driving rules target truckers