Liberty Northwest, a Liberty Mutual Agency Markets regional company, appointed Danny R. Schamma to vice president, finance. He will direct the business planning process, oversee financial reporting and analysis, and develop and implement strategies for expense management. He will be …
Broad Coverage Is Available at a Relatively Low Cost Most public companies don’t need to be persuaded that their company needs directors and officers insurance. However, the view among some private company managers is different. These officials, particularly those at …
$220 Million Estimated 2010 storm losses in Kansas climbed to $220 million as of the end of August, according to the Kansas Department of Insurance. There were approximately 59,400 storm claims filed during the same period. The department said estimated …
Data Breach, Privacy Claims and Certificates of Insurance Costly Exposures for Agents Insurance agents who fail to keep up with ever-changing legislation, regulations, policies and forms are opening themselves up to costly insurance errors and omissions (E&O) claims, and even …
Michigan insurance officials say they have identified 41 out of a possible 76 American Benefit Concepts (ABC) insurance agents responsible for selling fraudulent investment products in several multi-million dollar investment schemes in western Michigan. At least 400 Michigan victims and …
Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s mistake. Applying even the most …
Dr. Gunnar Brolinson wonders if football helmets should be position-specific. Meaning a lineman’s helmet would be different than a defensive back’s helmet or one used by a quarterback. After all, the head impacts that each player sustains while playing vary …
Insurance customer service and claims representatives may not have realized it, but when they fail to do their jobs, they are contributing to the insurance fraud problem. According to a survey by Accenture, more than half (55 percent) of U.S. …
Indiana will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits, an Indiana unemployment official said. Scott Sanders, deputy commissioner of the …
A New York judge held former American International Group Inc. CEO Maurice “Hank” Greenberg liable for damages on a reinsurance transaction that state Attorney General Andrew Cuomo said helped the insurer hide losses. New York State Supreme Court Justice Charles …
