Legislative efforts to freeze insurance rate increases for coastal homeowners risk making policies less available and more costly for all state residents, North Carolina’s new insurance commissioner has warned. Such measures would keep the state’s insurer of last resort, the …
Seacrest Partners Inc., a Savannah, Georgia-based insurance brokerage and employee benefits consulting firm, has named J. Cliff McCurry as vice chairman. McCurry will oversee business development activities for the agency. McCurry has been involved in the Savannah insurance and business …
But Selling More Policies in These Communities at Subsidized Premiums Could Sink Federal Program There are a number of communities across the country where more flood insurance policies should be sold given their populations and flood risk. They include dozens …
$3 Million The amount in underpaid benefits uncovered by an audit of Minnesota’s worker’s compensation system. The $3 million in underpaid claims represents less than 1 percent of overall benefits paid, but auditors recommended that the Department of Labor and …
GAO compared the number of NFIP policies in a given area, as of September 2006, with the total number of county flood declarations from January 1980 to June 2008, cumulative flood claims payments from January 1978 to April 2008, and …
I consistently hear from agencies: “Can you give me ideas to make my phone ring more often?” This tells me right away that the agent associates sales activity with actual sales. Consider how much revenue an agency receives every time …
Can’t Figure “I can’t figure out what amount (Blunt) is convicted of.” —District Judge Bruce Romanick in ordering Sandy Blunt, the former director of North Dakota’s Workforce Safety and Insurance agency, to perform 1,000 hours of community service and pay …
President Barack Obama recently received the following letter from the Independent Insurance Agents & Brokers of America congratulating him on becoming the 44th President of the United States of America, and encouraging him to preserve the successful state system of …
University of South Carolina geographers have produced a map of natural-hazard mortality that gives a county-level representation of the likelihood of dying as the result of natural events such as floods, earthquakes or extreme weather. The map, recently featured in …
Like spouses granted a divorce, AIG’s property/casualty insurance executives are relieved and excited about their newfound freedom. AIG is letting them form their own independent company called AIU Holdings. No longer will they have to answer for what their irresponsible …
