North Dakota’s workers’ compensation agency has agreed to spend more than $300,000 on two consultants to examine the troubled agency’s management and its handling of worker benefit claims. The Workforce Safety and Insurance (WSI) agency’s board of directors voted unanimously …
A proposal to regulate the resale of life insurance policies, which former Insurance Commissioner Jim Poolman played a key role in drafting, was not subject to improper outside pressure, a national regulatory agency has concluded. Opponents of the measure, joined …
Accident Fund Insurance Company of America recently announced that Richard Znidarsic has been named vice president of Information Services. In his role on the executive team, Znidarsic oversees all new technology and development, systems maintenance and support, hardware systems support, …
Rating agency A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Allstate Insurance Group (Allstate) and its members. Additionally, A.M. Best has affirmed the ICR of “a” and …
Massachusetts independent insurance agents, who now write more than 80 percent of the auto insurance market in the state, are getting some marketing help to protect that market share as they enter a new competitive rating era. The Massachusetts Association …
Monterey, Calif.-based Sequoia Insurance Co., has introduced Agricultural Edge, a program designed in partnership with California agents to serve California agribusiness. Target markets include many of the Golden State’s signature farming operations such as dairies, vineyards, livestock, orchards, and row …
The Oregon Supreme Court has ruled that parts of the Oregon Torts Claims Act that limits liability claims against governments violates the Remedy Clause of the Oregon Constitution, creating the potential for liability claims against public employees. The decision also …
Colemont Insurance Brokers has named Tim Conlon vice president and broker specializing in equipment maintenance insurance (EMI) in the San Francisco office. EMI is a niche insurance business that provides an alternative to traditional equipment maintenance contracts. Conlon will be …
Thirteen companies with approximately 183,200 employees in Texas were approved to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance (TDI), Division of Workers’ Compensation Self-Insurance Program. The department announced that Commissioner of Workers’ …
State Farm is warning that it will cancel homeowner policies for about 6,000 of its customers in south Louisiana if they aren’t able to demonstrate that their storm-damaged homes are occupied and are being rebuilt. “Our goal is to work …
