Louisiana’s “insurer of last resort” is seeking double-digit increases in homeowners rates across several southeast parishes. The state-backed Louisiana Citizens Property Insurance Corp. would raise rates by a statewide average of 18 percent, a reaction to increases imposed by private …
Dallas-based wholesale insurance broker and managing general agent Towerstone Inc. has hired Cindy Downs as a senior underwriter in the firm’s MGA unit. Downs formerly was a senior underwriter at Capstone Inc. Source: Towerstone Inc., www.towerstonecorp.com
A bill backed by Louisiana Gov. Bobby Jindal that aims to reform the state’s workforce development system won final legislative approval, the Louisiana Department of Labor announced. The bill, HB 1104, requires the Louisiana DOL to integrate workforce development programs …
AIG Executive Liability, a unit of AIG Commercial Insurance, introduced Public Entity Plan and Trustee Protector, a policy that protects individuals who manage public entity employee benefit plans from fiduciary liability exposures. A number of recent high-profile cases have spotlighted …
The Supreme Court Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska. The nation’s highest court ruled that the punitive damages should …
Carole Fleischman has joined Red Bank, N.J.-based Phoenix Underwriting Managers, a national managing general agent (MGA) for specialty insurance programs, as president of its Managed Insurance Programs Division. Before developing the Contractors’ Choice program in 1996, Fleischman was senior vice …
New Jersey lawmakers have approved a number of major changes to the Garden State’s workers’ compensation insurance system. The reforms comprise a package of six bills passed earlier this week by the Assembly and Senate that, among other things, more …
The Lake Delton village board says the Wisconsin Department of Transportation will handle repairs to the breach in the community’s empty lake and adjacent highway with the hope of restoring the lake by next spring. Lake Delton is part of …
The federal government approved disaster assistance for a majority of the West Virginia counties Gov. Joe Manchin requested after severe weather caused significant damage in the state from June 3 through June 7. The approval includes individual assistance for Barbour, …
Michigan will adopt an expanded child safety seat law for motor vehicle travel by July 1. The revised law means children under age 8 will have to travel in some sort of child restraint system unless they have grown to …
