July 5, 2010
North Carolina coastal homeowners will soon be entitled to bigger breaks on their insurance premiums for taking steps to protect their homes against storms. Insurance Commissioner Wayne Goodwin has ordered a schedule of mitigation credits that will be effective May …
July 5, 2010
The number of suspicious auto accidents that were staged or deliberately caused by criminals in Florida has increased dramatically in the past year. A study by the National Insurance Crime Bureau (NICB) of questionable claims (QCs) submitted by its insurance …
July 5, 2010
BP Claims Law “I think the best way to look at it is the way Congress looked at 9/11 cases. Would your claim be applicable under state and, in this case, maritime law? If the state would recognize it, then …
July 5, 2010
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. …
July 5, 2010
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 …
July 5, 2010
A parent’s signature doesn’t waive the legal rights of a child who is hurt at play, the Michigan Supreme Court said in a decision that has consequences for businesses, schools and other groups offering recreation activities for minors. The court …
July 5, 2010
Arthur J. Gallagher, Joseph James & Associates Illinois-based insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired Joseph James & Associates of Dublin, Ohio. Terms of the transaction were not disclosed. Established in 1989, Joseph …
July 5, 2010
A group scrambling to upgrade Mississippi River levees in southwestern Illinois before new floodplain maps potentially raise insurance costs said it can make the fixes for $160 million to $170 million – and pay for it with sales taxes and …
July 5, 2010
Don’t Text, Just Drive “Txt Back L8R” —Billboards going up around Michigan are reminding drivers to hold off on text messaging. The Michigan Office of Highway Safety Planning said that the billboards in major metropolitan areas will carry the phrase …
July 5, 2010
Businesses Accounts Are Vulnerable When It Comes to Financial Computer Fraud People use the phrase “it’s nothing personal, just business” all the time. It covers a wide range of topics and situations. If you change that statement by one word …