Agents and adjusters have completely different roles in the insurance industry. But as intermediaries between insurance companies and their customers they have one critical thing in common: They often get called into lawsuits over claims even though they’ve done nothing …
Virtually all insurance policies contain provisions and exclusions dealing with events that most insureds consider so remote and unlikely that they rarely give any thought to their possible occurrence, much less what effect such an occurrence might mean to their …
Workers’ compensation continued to worsen in 2010 as the combined ratio jumped five points to 115 in 2010 from 2009. In its State of the Line workers’ compensation market analysis, NCCI Holdings Inc. described the workers’ compensation line of business …
Five executives of the failed Kansas-based insurance agency franchise firm Brooke Corp. have agreed to settle charges of financial fraud brought against them by the Securities and Exchange Commission. Charges against a sixth Brooke executive have not been settled. The …
The American Association of Managing General Agents Opens the Door for Smaller Members Sometimes bigger is not always better. Large wholesale organizations have a place in the market, but smaller and often family-owned managing general agencies (MGA) also have a …
The California Senate Insurance Committee has blocked a restitution bill that would have given explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action against an insurance company. The insurance agent and broker …
The impact of the medical loss ratio has been dramatic on the agents and brokers in this country, and it was dramatic immediately.” That’s a quote from Beth Ashmore, an independent insurance agency owner from Lubbock, Texas, and a health …
In the closing days of Florida’s legislative session, lawmakers approved a bill that addresses sinkhole claims and a number of other property insurance issues. In addition to redefining sinkhole losses, the measure (CS/SB 408) changes the holdback provisions on dwelling …
In the aftermath of devastating April storms, the Arkansas Insurance Department issued a 60-day moratorium on the cancellation/nonrenewal of insurance policies for the nonpayment of premiums for Arkansans residing in storm-impacted areas. The moratorium applies to all insurance policies issued …
Medical Marijuana Dispensaries Market Detail: Monarch E&S Insurance Services has a new medical marijuana program available to California & Hawaii agents. This program for medical marijuana dispensaries is offering a package, property and general liability coverages, and can include limited …
