An increase in claims from cargo theft and freight physical damage is expected to lead to higher insurance rates in the commercial auto class, a welcome development for some insurers after years of prices going down. “Commercial auto premiums countrywide …
The financial toll from tornadoes that ravaged several Massachusetts communities has risen dramatically. The state’s Division of Insurance estimated that residents have filed 8,200 insurance claims totaling $140 million for damage caused by the June 1 tornadoes, making it the …
San Diego Insurance Women, CMR Risk & Insurance Services San Diego Insurance Women, an affiliate of the National Association of Insurance Women, International, presented the Employer of the Year award to CMR Risk & Insurance Services Inc. This award is …
Missouri Gov. Jay Nixon has extended an executive order providing emergency protections for the insurance coverage of Joplin-area residents. Executive Order 11-20 ensures that residents and business owners in Jasper and Newton counties will keep their home and commercial property …
Because Japan is a major manufacturer of sophisticated electrical components, the automotive and electronics industries have been hit particularly hard by supply chain disruptions. A number of companies, such as GM, Toyota, Nissan and others, have experienced shortages and have …
“The only thing my clients and prospects are interested in is the cheapest price.” Certainly this is the most common complaint insurance agents express during soft markets and/or a down economy. And if the agent joins in on this price …
Brennan J. Paris has been named the new executive vice president of the Professional Insurance Agents (PIA) of Tennessee. He is the sixth executive leader in the history of the association. Prior to joining PIA, Paris represented Johnson & Johnson, …
A pair of Illinois brothers who traveled to Columbus, Ohio, to practice psychiatry were sentenced for workers’ compensation fraud after an investigation showed they were conducting inadequate examinations of injured workers and submitting false bills to the Ohio Bureau of …
Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the past 20 years, insurance brokerage Aon Corp. said. Almost all of that comes from the outbreak of tornadoes …
Tennessee Gov. Bill Haslam has signed a measure to cap payouts for medical malpractice and other civil cases. The law places a $750,000 cap on non-economic damages such as pain and suffering. The cap will be raised to $1 million …
