With rivers running above flood stage and soils saturated, forecasters have predicted the 2011 summer flooding season could rival the worst in U.S. history. In the “Great Flood of 1993,” record-breaking floods from April to August cost more than $25 …
Insurance broker Lockton Companies is expanding its business in Florida with the addition of Ed Rivas. Prior to joining Lockton, Rivas spent 11 years as the director of Human Resources and Safety for Arch Aluminum and Glass. During his time …
The Georgia Supreme Court has found a convenience store can be held liable for a fatal highway accident that took place after a driver purchased a 12-pack of beer. Overturning a lower court, the state’s top court ruled 6-1 on …
A Los Angeles Superior Court judge has given final approval to a $10.5 million class action settlement involving Aon Insurance Services Inc., according to the plaintiff’s’ attorney. The plaintiffs alleged that California Account Specialists, whose work involves assisting account managers …
A major hurricane landfall in Florida could strain leading global reinsurers that have already been buffeted by brutal tornadoes in the United States and earthquakes in Japan and New Zealand. The biggest reinsurers, companies like Munich Re and Swiss Re …
When crises occur, one person the claims adjuster, insurer and insured should consider calling is a salvor – he or she can be a valuable partner in helping to clean up the trash, and broker the sale of any salvageable …
Name Your Agency After What It Does Instead of Who Owns It What is in a name? If you ask Shakespeare’s Juliet, she’ll tell you “That which we call a rose by any other name would smell as sweet.” But, …
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 …
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 …
With Cuba preparing to explore for oil 60 miles from Florida, the complicated politics of U.S.-Cuba relations are impeding U.S. efforts to get ready in case of a BP-style accident, analysts and oil experts said. The Obama administration must do …
