The CPCU Society and American Institute for CPCU/Insurance Institute of America designate March as “Ethics Awareness Month.” Some people have a hard time defining ethics but ethics are really principles, right? I think we often get caught up in the …
Markel Insurance Co. named Thomas K. “Smitty” Smith as vice president of marketing. Smith joins Markel after three years as senior vice president and managing director of the Richmond branch of Riggs, Counselman, Michaels & Downes, which he established. Before …
Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …
5% The Virginia sales tax from which items used to prepare for a hurricane would be exempt during the last week of May each year under recently-passed legislation. Sales tax won’t be collected on portable generators costing up to $1,000 …
A potentially far-reaching ruling by the Maryland Court of Appeals reinstates a class action suit against several U.S. automakers even though the plaintiffs were not injured by allegedly defective seat-backs. Plaintiffs claim seats that collapse backward in rear-impact collisions have …
Industry warns lawmakers against restricting use of criteria 10 Mass. insurers agree to $175 per month health plan Progress made on implementing resident requirement 10 Plaintiff bar hails Md. court reinstatement of class action Decision allowing economic theory only seen …
Delay tactic “I am fully aware that the costs of complying with Real ID are enormous and overly burdensome to states, including Maine. I will be introducing this legislation so that we can pause and take a more measured approach …
New Jersey drivers could see a return to high prices and fewer choices for their insurance if legislators limit the use of occupation and education as rating factors, insurers warned lawmakers at a legislative hearing earlier this month. Senate Bill …
Wedding Insurance Nuts & Bolts: Travelers recently announced the launch of the Wedding Protector Plan, which provides coverage, with no deductible, for a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane …
News Currents A continuing federal role in terrorism insurance is important so that U.S. financial centers including New York City can continue to compete with international markets, many of which are already covered by similar government insurance programs, New York …
