Prompt adoption by agencies of the technology is important because the companies and vendors are closely monitoring agency usage in deciding whether to invest in it further. Imagine going online to receive competing rates for an account from multiple carriers …
JPMorgan Chase sells life and annuity business to Protective Life JPMorgan Chase & Co. has agreed to sell its life insurance and annuity underwriting business to Protective Life Corp. for about $1.2 billion in cash. JPMorgan Chase has its corporate …
This underwriting approach might surprise those for-profit insurers. Her underwriters rarely see an account they won’t price or renew. Over the years, many a vexed property casualty insurance company executive has joked about his firm being a nonprofit, blaming pricing …
The risk to nonprofits may actually exceed that facing for-profits because nonprofits may have smaller budgets, less financial and legal help, and undefined employment practices. As they face pressure to do more with less, nonprofit organizations are increasingly modeling some …
People Lansing, Mich.-based Accident Fund Insurance Company of America has hired Michael K. Britt as its new executive vice president of insurance operations. The newly-created position includes oversight of the business development, third party administration and claims areas. Britt will …
While there’s nothing wrong with writing a check to a favorite candidate’s political action committee, showing up on Legislative Day is priceless. Look ’em in the ‘I’ Look no further than the recent Legislative Day sponsored by the Independent Insurance …
Rhode Island’s leading workers’ compensation carrier is facing an audit and a probe into a whistle blower’s allegations as it pushes for legislation opposed by the Carcieri administration. Department of Business Regulation Director A. Michael Marques told The Providence Journal …
Retailers assert that the federal ERISA law invalidates state and local laws regulating employee health benefit plans. Retailers challenge benefit mandates in Md., N.Y. A group of retailers has filed suits challenging laws in Maryland and New York that were …
New Markets Nuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …
In Maine, don’t linger on the front porch David Luxton awoke to the sound of shattering glass as a car smashed into his porch during the night. Less than 48 hours later, another car knocked his porch off its foundation. …
