In the settlement of lawsuits involving insured claims, it is not uncommon that one condition of the settlement is that the defendant assign his or her claims under all applicable insurance policies to the party that filed suit. Indeed, it …
Los Angeles-based Farmers Insurance Inc. has agreed to pay $1.52 million in overtime back wages to 3,459 employees following an investigation by the U.S. Department of Labor’s Wage and Hour Division that disclosed significant and systemic violations of the federal …
Employers Need Rules for Mobile Employees Employers who supply their employees with company cell phones, laptops, BlackBerries, iPads and other portable devices could be in for a surprise if an employee is injured while using the device when off-site or …
A new Texas law backed by agents groups requires professional employer organizations (PEOs) and staff leasing firms to provide workers’ comp loss information to employer clients in a timely manner. The Independent Insurance Agents of Texas strongly supported House Bill …
The fund oil firm BP set up to deal with compensation claims after last year’s Gulf of Mexico oil spill is working too slowly, U.S. Attorney General Eric Holder said recently. The fund is not sufficiently transparent and requires too …
What is that? That is the common question people have when they first see the matrix of small black and white squares known as a QR Code. Developed in 1994 by Denso-Wave, the QR Code is a two dimensional barcode …
Pennsylvania Gov. Tom Corbett has signed a change to the state’s worker’s compensation insurance laws that will allow insurers to write coverage for owners and partners of small businesses. Agents in state have long backed the change, which would extend …
Hub International, Roy Agency Chicago-based Hub International Limited (Hub) has acquired the Roy Agency Inc. (Roy), an insurance brokerage firm headquartered in Plano, Texas. The Roy team will become part of Hub International Rigg (Hub Texas). Agency principals and founders, …
Hawaii Insurance Commissioner Gordon I. Ito has ordered all homeowner insurers to submit new rate filings after a Insurance Division review found that rates were “excessive” when compared to National Association of Insurance Commissioners (NAIC) data. Ito recently issued a …
A task force of state insurance regulators has recommended that states support legislation to protect agent and broker commissions from the expense cap imposed on health insurers by the new federal healthcare law’s medical loss ratio (MLR). The task force …
