Rhode Island’s biggest workers’ compensation writer, Beacon Mutual Insurance Company, is requesting a 27.7 percent average loss cost decrease in a filing to the Department of Business Regulation. Rhode Island has not had an increase in workers’ comp insurance rates …
NBIS, the exclusive manager for ProBuilders Specialty Insurance Co., RRG, has expanded its wrap product to include condominium conversion projects in all states except New York. NBIS is targeting the following conversion projects: 30 or fewer condo/town home units; three …
Calif. Insurance Commissioner John Garamendi on Monday urged Californians to prepare for future emergencies, noting that the devastating Northridge earthquake, which struck twelve years ago today, left many unprepared residents in financial ruin. He recommended that residents create or update …
Steve Shea, account executive with the commercial insurance department at Barney & Barney has been elected president of the board of directors of the Independent Insurance Brokers & Agents Association of San Diego. Meanwhile, Managing Principal/CEO Paul Hering will become …
A moderate avian flu outbreak similar to the 1957 and 1968 flu pandemics could significantly impact the life insurance industry, generating $31 billion in additional death claims, according to a new analysis by the Insurance Information Institute. A severe avian …
Despite mounting losses from another devastating hurricane season, property and casualty insurance company failures declined 44 percent, dropping from 16 to nine, while solid economic growth resulted in no bank closures in 2005, according to Weiss Ratings, Inc., a provider …
On Jan. 6, the Texas Supreme Court agreed to rehear an insurance case watched closely by policyholders nationwide. In Excess Underwriters at Lloyd’s, London v. Frank’s Casing Crew & Rental Tools Inc., the Court’s decision (now to be revisited) grants …
The Austin, Texas-based National Alliance Research Academy announced it has developed a long-term advisory task force on insurance producer leadership. The group’s distinct purpose is to share information in order to track and evaluate the success of new commercial insurance …
Mercator Risk Services, the newly formed, independent wholesale insurance broker has named several senior leadership appointments. Michael S. Ryan has been named chief operating officer. In this role Ryan will be responsible for all aspects of the company’s operations and …
Insurance Commissioner Sandy Praeger is facing a serious challenge to her re-election within the Republican Party — from a legislator who argues she isn’t pro-business enough. Rep. Eric Carter of Overland Park began this year with nearly $94,000 for his …
