California’s a $1.9 trillion economy gets a multi-billion dollar boost from the property/casualty insurance industry, according to a report from the Insurance Information Institute issued Tuesday. In 2009, insurers contributed $34.7 billion to California’s gross state product, accounting for about …
Marsh announced two promotions in its central business zone. It promoted Jack Butcher as its central zone leader and Dan Deighton as leader of its newly expanded east central partnership within the central zone. In his new role, Butcher is …
Healthcare providers insured by Markel now have access to a free DataBreach endorsement. The new endorsement covers liability resulting from a compromise of confidential patient information and the associated costs. These costs can include notification expenses, credit monitoring and data …
In light of the economic turmoil currently engulfing the United States and Europe, the Republican sweep in the 2010 midterm congressional elections, the various protests going on around the country and the upcoming fractious 2012 presidential election, insurers can be …
Climate change is taking place on the Kenai Peninsula, slowly but surely. Over the last 100 years, climate change has been affecting the Peninsula, according to a presentation Thursday night from Dr. John Morton, supervisory biologist at the Kenai National …
The National Association of Insurance Commissioners (NAIC) has adopted a resolution urging Congress to amend the Medical Loss Ratio (MLR) provisions of the Patient Protection and Affordable Care Act (PPACA) to ensure consumer access to agents and brokers. Under the …
The Alaska Earthquake Information Center says there was a minor earthquake near Yakutat. The earthquake occurred Saturday at 5:21 p.m. and was centered 43 miles north of Yakutat, a coastal town on the Gulf of Alaska. It had a preliminary …
Massachusetts Governor Deval Patrick signed into law a bill that bans the use of credit in underwriting and rating private passenger motor vehicle insurance in his state. The law, Chapter 195 of the Acts of 2011, was signed by the …
The Michigan Office of Financial and Insurance Regulation (OFIR) has summarily suspended the licenses of Erickson & Associates Inc. (E & A), an Iron Mountain insurance agency, and insurance agent Edward Erickson, for misappropriating policyholder premiums. The OFIR said its …
While insurance companies have paid out more than $1.1 billion for losses stemming from the May 22 tornado that devastated Joplin, Mo., regulators say that timelines contained in some property polices are hampering policyholders’ ability to recover. The Missouri Department …
