The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions …
311 The number of policyholders out of 452 investigated who received a larger discount on their home insurance premium for storm mitigation steps than they should have from Citizens Property Insurance Corp. The state-backed insurer reported that 39 aren’t getting …
Interview with FSLA President Bruce Bowers Weak Economy, Insureds Going Bare, Hungry Admitted Markets and Citizens’ Low Rates Test Agents Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big …
The wholesale insurance industry association, American Association of Managing General Agents, has created a Distinguished Chair in Risk Management and Insurance at the J. Mack Robinson College of Business at Georgia State University. The chair is being funded by a …
The Florida Hurricane Catastrophe Fund needs $710 million to continue to pay claims still coming in from 2005’s Hurricane Wilma but it is going to have to wait to assess policyholders to get those funds. The Florida Cabinet said it …
The coastal home insurance market continues to tighten. State Farm is only writing a new homeowners policy in Mississippi if another is dropped and Allstate has stopped writing mobile homes on the South Carolina coast. Also, Farmers will reduce its …
A seasonal worker is entitled to workers compensation benefits for an injury sustained after falling at a housing complex supplied by his employer, the South Carolina Supreme Court has ruled. The court sided with the migrant worker who argued the …
Threats On Rise and TRIA Funding Faces Possible Cutback; Standalone Market Could Gain The threat of terrorism in the U.S. is rising but the future of the Terrorism Risk Insurance Act (TRIA) is in question. At a time when top …
A homeowner’s station in life and personal spending beliefs and habits are important indicators of a borrower’s potential for home-mortgage default, according to researchers at the University of Alabama at Birmingham (UAB) School of Business. Even though the research concerns …
Randi Schuknecht worried that her longtime, established insurance company was about to leave Florida — and leave her without a homeowner’s policy. So she found a new insurer — one she wouldn’t have to worry about if a big storm …
