A federal district court in New York has granted an insurance brokers motion to dismiss breach of contract, negligence, and consumer protection law claims by a commercial property owner that alleged that its property had been damaged by Superstorm Sandy.

Price optimization refers to an insurers practice of varying premiums based upon factors that are unrelated to risk of loss in order to charge each insured the highest price that the market will bear.

Well, this is getting interesting.

Andy Lee House, a 39-year-old Lufkin, Texas, man, has pleaded guilty to wire mail fraud in the U.S. District Court for the Eastern District of Texas after driving his Bugatti into the Gulf Bay.

Colorado Governor John Hickenlooper is expected to sign legislation regulating ridesharing services such as uberX and Lyft.

Tower Group International, Ltd. has filed a Form 8-K stating that, on May 20, the Massachusetts Department of Insurance entered an amended order of administrative supervision with respect to Tower subsidiaries.

The U.S. Court of Appeals for the 6th Circuit affirmed dismissal of a RICO lawsuit against insurers, claims administrators and an employer in which an employee alleged they had introduced false medical testimony to deny or diminish his workers comp benefits.

Delaware Insurance Commissioner Karen Weldin Stewart said in a statement that the state grew its number of captive insurers in 2013.