Missouri state senators are looking at making changes to a state-created insurance company after an audit criticized the firm’s operations and expenses. State Auditor Tom Schweich wants lawmakers to investigate whether the tax-exempt status of workers’ compensation insurer Missouri Employers …
National Hurricane Center Director Bill Read said that science will improve to the point where forecasters can reliably issue forecasts showing where a hurricane will be a week ahead of time. “We’re two to five years from a seven-day forecast,” …
Golden Bear Stockton, Caif.-based Golden Bear Insurance Co. has opened its first office in the Pacific Northwest. The new office is in Edmonds, Wash. It was opened by Golden Bear Vice President Carl Heckman and his team, and Sarah Cress …
Office of Insurance Regulation General Counsel Belinda Miller recently asked if there is a way to reward agents for placing policies in the private market as opposed to letting them sit in Citizens year after year. Brian Squire, chairman of …
There is a tremendous amount of mergers and acquisitions activity going on in our industry. Every day, insurance news providers report on insurance acquisitions. The big agencies are not only getting bigger, they seem to becoming more diversified. There are …
The assessment surcharge tacked onto workers’ comp costs for New York employers is becoming a burden for businesses, a new study says. The surcharge in New York State is 20.2 percent – more than double that of the second most …
Branson, Mo., city officials said they were mostly happy with the emergency response to a tornado that hit the tourist city on Feb. 29. Police Chief Kent Crutcher said emergency response was mostly positive in the hours after the tornado …
Today’s Market Demands Greater Efficiencies, Operational Management and Discipline I have been working with agency owners in one capacity or another for 25 years. During this quarter-century, some aspects of agency management have greatly transformed, while others have not changed …
It’s been more than 10 years since Massachusetts raised its workers’ compensation average rates. Is it time for a rate hike? The state’s insurance commissioner Joseph Murphy will hold a public hearing on March 30 to examine that question. The …
Attorney Christopher Asvar believes he has secured the highest known workers’ compensation insurance settlement in California history, totaling $8.9 million on behalf of a Antonio Enriquez, who suffered a traumatic brain injury in 2004 at the age of 18 after …
