Data Security Breaches Present Emerging Risks and Opportunities for Agents Data security represents both a new market opportunity to sell insurance coverage and a new risk – especially for independent insurance agencies that may not be compliant with data security …
225 The weight of a 61-year-old Bloomfield Hills, Mich., man who is suing his former employer, claiming he was fired from a $75,000-a-year salesman’s job because of his waistline. The employer says Patrick J. Ronayne was let go because of …
Agents Advised to Know How Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: “[A] group of employers who perform related …
CAA, Bridges Group Inc. Austin, Texas-based Combined Agents of America LLC (CAA) has added Bridges Group Inc., based in Kansas, to its roster of agency members. Since 1894, the Bridges Group has served the region surrounding Norton, Kan., with a …
A regulatory exclusion in a directors and officers liability insurance policy applies to an insurance regulator acting as liquidator, according to the Nebraska Supreme Court. The ruling is believed to be the first by any state Supreme Court upholding a …
Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change in underwriting and pricing philosophies. No soft market lasts …
A City Council committee has approved a proposal that would ban the use of cell phones while driving in Philadelphia. If the ban is passed by the full council – possibly as early as next week – dialing, texting or …
The family of a Connecticut woman who in February was mauled by a chimpanzee has filed preliminary legal papers seeking $50 million in damages against the primate’s owner. Relatives of Charla Nash filed the legal papers, which are prelude to …
AIG-Gravated Protesters “We’ve had people call (executive) homes to threaten and intimidate, protesters outside homes and offices… (and) we’ve had several valued executives resign over the past few weeks. All of this hurts our efforts to unwind the business and …
As Managed Competition Marks Anniversary, Agency-Distributed Auto Insurance Faces New Rival It’s finally happened: Geico is entering the auto insurance market in Massachusetts. Insurance Commissioner Nonnie Burnes confirmed in a statement earlier this month that the nation’s third-largest auto insurer …
