The recent string of sensational hacker attacks is driving companies to seek “cyberinsurance” worth hundreds of millions of dollars, even though many policies can still leave them exposed to claims. Companies are having to enhance not just their information technology …
Delaware’s Office of Highway Safety is pleased with some numbers that suggest more Delawareans are wearing seatbelts. The agency says that for the fourth consecutive year, police departments participating in the statewide Click It or Ticket campaign issued fewer tickets …
New Jersey-based insurance data specialist Verisk Analytics Inc. is acquiring Health Risk Partners for $60 million in cash. Verisk said $13 million of the purchase price will be placed in escrow and should be paid in 2012. It expects the …
Federal aid has been approved for those in Hawaii affected by tsunami waves from the March earthquake in Japan. The Honolulu Star-Advertiser reported that so far the U.S. Small Business Administration has approved 14 claims for low-interest federal disaster loans …
Florida regulators have announced the arrest of a North Carolina man who allegedly collected more than $2.7 million in workers’ compensation premiums from a company by providing a fake policy. Florida Chief Financial Officer Jeff Atwater said that Delmas Fuller, …
Hundreds of Florida homeowners suffering with tainted Chinese drywall will share $55 million in a deal that also accuses a global drywall maker of lying about the product’s safety, according to court documents. The settlement will be funded by Banner …
Hogan Insurance Services of Thousand Oaks, Calif., has added Evan Bennett to the firm as a commercial producer. He has spent the past two years with a national brokerage firm concentrating his expertise in property/casualty and workers’ compensation.
Social media has become a powerful way for members of the insurance community to communicate with clients, prospects, referral sources, underwriters and colleagues. However, improper usage can result in serious consequences. At our property/casualty insurance agency, we have sought to …
Loss and loss adjustment expense reserve development has traditionally been the focus of actuaries, auditors and financial analysts. Statutory insurance accounting financial reporting contains several measures that can be utilized to evaluate the adequacy and accuracy of prior period estimates …
Starr Aviation Agency, Inc. (Starr Aviation), a member of Starr Cos., has launched a personal non-owned offering for both renter pilots and flight instructors. The personal non-owned offering is offered exclusively online through Starr Aviation’s StarrLink system. It will provide …
