Property/casualty insurance companies need to do a better job of implementing enterprise risk management, according to a recent study by Ernst and Young LLP. In its recent quarterly outlook addressing key trends and issues facing insurers, Ernst and Young identified …
Massage business owner pleads guilty A Glendale, Calif., skin care and massage business owner has pleaded guilty after California Department of Insurance (CDI) investigators found she was filing claims for acne and chiropractic treatments when her clients were getting facials …
Buckling up when you drive a car or wearing a helmet when you are on a motorcycle seems like it should be a “given” in 2007. But the reality is that even today, many motorcycle riders still don’t wear helmets, …
Products from cloned animals, such as milk and meat, may be safe to eat, but that doesn’t mean there aren’t insurance risks. The problem is that it’s somewhat too soon to tell what claims could arise, and potentially no coverages …
Markel Insurance Co. named Thomas K. “Smitty” Smith vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond, Va., branch of Riggs, Counselman, Michaels & Downes, which he established. AIR …
Royal Sun, Arrowpoint Capital Delaware Insurance Commissioner Matthew Denn conditionally approved a management buyout of Royal and Sun Alliance Insurance Group’s U.S. operations. Denn ruled that there is no legal or financial basis to reject the buyout, although he stressed …
When underwriting farms and ranches, it’s important to understand the subtle nuances in risk. After all, a loss to either could mean the policyholders not only have damage to their home, but also to their livelihoods. Insurance agents and brokers …
$1.25 billion Amount State Farm Mutual Automobile Insurance Co. announced it would be issuing in dividends to policyholders in 46 states, the District of Columbia and Canadian province of New Brunswick. The company said better-than-expected auto results combined with a …
The Chartered Property Casualty Underwriting Society and American Institute for CPCU/Insurance Institute of America designate March as “Ethics Awareness Month.” Some people have a difficult time defining ethics, but ethics are really principles, right? We often get caught up in …
The Colorado House has passed a bill that would require children under age 18 to wear a helmet when riding a motorcycle. Passing on a 39-26 vote, House Bill 1117 would create penalties of $100 if the operator is under …
