Rightly or wrongly, the six-year-old battle over the payment of contingent commissions is reshaping the way the insurance-selling industry gets paid. It’s a practice that, at least for the big brokers, is vanishing. It’s a change that in some circumstances …
West Virginians can bring bad faith lawsuits against insurance companies under the state’s human rights act, the state Supreme Court of Appeals has ruled. The ruling rejects the widely-held belief that the sole remedy for third-parties against insurers over bad …
Keystone, Latta Latta Insurance Services Inc. of Henderson, Ky., has become Keystone Insurers Group’s seventeenth franchise partner in Kentucky.Latta Insurance Services President Williams S. Latta announced the new arrangement jointly with Keystone President David Boedker. Latta Insurance has served western …
As the hurricane season gains momentum, a new U.S. Census Bureau report, Coastline Population Trends in the United States: 1960 to 2008, helps put into perspective the number of Americans living along the coast who could be affected by storms …
Donald D. Larson has been named president and chief operating officer of the Great American Property and Casualty Group and Great American Insurance Co. Larson is the 16th president in Great American’s history. He assumes the title from Carl H. …
With BP’s offshore oil gusher in the Gulf of Mexico as a backdrop, the Florida Supreme Court recently ruled that commercial fishermen may sue a company that discharged pollutants into Tampa Bay for lost income and profits even though the …
The Florida Supreme Court has ruled that a non-resident blogger can be sued in the state for posting allegedly defamatory comments about a Florida company on her out-of-state Web site. In a unanimous opinion, the court said that if a …
A Florida couple who fled their dream home because of foul-smelling, ruinous Chinese drywall was awarded $2.4 million in damages in America’s first jury trial over the defective wallboard that could have legal ramifications for thousands of similar cases. The …
9.8% The average drop in South Carolina workers compensation rates approved by state insurance regulators. Insurance Director Scott Richardson also reported that the Assigned Risk Plan, the residual market mechanism, accounted for about 3.9 percent of the direct written premium, …
West Virginia’s state-created workers’ compensation insurers is expecting to lose million of dollars in government agency contracts following the opening of the market to other carriers on July 1. One by one, boards of education and other entities across the …
