The governing board of Louisiana’s state-backed property insurance firm has postponed for one month a decision on whether to change the fee paid by policyholders to pay off debt incurred because of claims from Hurricane Katrina. All property insurance policyholders …
Jansen & Hastings, a managing general agency based in San Francisco, has expanded its existing specialty program business with the addition of a new national MGA platform to be headed by Jim Parsons. Parsons joins JHI as senior vice president …
Guy Carpenter & Company, LLC announced that it has named Chris McKeown as Chief Executive Officer of Global Analytical and Specialty Practices. He will be responsible for Guy Carpenter’s Instrat® modeling and actuarial group, the company’s Line of Business Specialties …
Multinationals are fighting a battle on two fronts when it comes to cyber security as they seek to fend off new, emerging security threats and also comply with evolving global regulations. These emerging security threats include the risk of attacks …
The Wisconsin Supreme Court on July 10 tossed out a $200,000 award to a father who watched one of his twin sons die during birth in 1998. In a decision praised by doctors but criticized by trial lawyers, the court …
Some state lawmakers in Wisconsin want to give local governments a one-year break from paying their property-insurance premiums. Hundreds of cities, towns and school districts insure their property with a state fund managed by the insurance commissioner’s office. A recent …
A Missouri judge has issued a preliminary injunction blocking the firing of three administrative law judges who decide workers’ compensation cases. Gov. Jay Nixon’s administration had said the dismissals were necessary because of budget cuts approved by the Legislature. But …
Results for the property/casualty industry over the next few years will be driven by the 2009 recession, mixed insurance premium pricing momentum, and modestly deteriorating underwriting results, according to a new industry forecast report. “The combination of continued price decreases …
A new roadside survey by the National Highway Traffic Safety Administration confirms a continuing decline in the percentage of legally intoxicated drivers. In 1973, 7.5 percent of drivers had a blood alcohol concentration (BAC) of .08 or higher. In the …
Pennsylvania-based Donegal Mutual Insurance Co. has agreed to pay $105,000 to settle claims that it used unlicensed copies of Microsoft software on its computer systems, a trade group for software makers said. The Business Software Alliance, which represents the world’s …
