April 16, 2012
Not Experts “Most of us don’t want to be experts in insurance. We want to run our business and live our lives.” —Frederick Eppinger, CEO, Hanover Insurance Group Alabama Promise “The governor did not expect the process to take this …
April 16, 2012
Workers’ compensation insurance provider Texas Mutual Insurance Co. has named Bill Huckaby as its new general auditor. Huckaby previously served as the company’s senior manager of finance and operations auditing. In his new role, Huckaby will report directly to Texas …
April 16, 2012
A Florida plan to sell insurers and financial institutions state premium tax credits to help fund the state’s homeowners’ reinsurance facility is raising concerns among some officials. The Florida Insurance Tax Pre-Payment Program was a late addition to the state’s …
April 16, 2012
Damages Estimates Climb A line of thunderstorms and isolated super cells that moved into the Dallas-Fort Worth-Arlington metropolitan area in the early afternoon on April 3, 2012, produced numerous tornadoes and large hail that wrought extensive damage throughout the region. …
April 16, 2012
The devastating earthquake and tsunami that hit Japan in March last year caused massive supply chain disruptions, exposing the complexity and vulnerability of global corporations. The disaster caused an estimated $35 to $40 billion in insured losses and many businesses …
April 16, 2012
Eight out of 160 years of history may not seem like a big deal but for Hanover Insurance Group, founded in 1852, the last eight years have seen a series of big deals. Eight years ago in 2004, the $2.4 …
April 16, 2012
With the national 2010 healthcare reform law being scrutinized by the U.S. Supreme Court and the country trying to figure out if the spiraling costs for health care can ever be reined in, it turns out there’s one thing we …
April 16, 2012
In what those involved say may bring about many more such pairings, the California Earthquake Authority and the American Red Cross have joined forces to try to boost preparedness and recovery when California’s next damaging earthquake strikes. The two groups …
April 16, 2012
Are Today’s Young, Vocal Agents Trying to ‘Occupy’ Insurance? Young producers are essential to the survival of the independent agency system. They are enthusiastic and motivated, and if you can put up with their “young versus old” histrionics, a lot …
April 16, 2012
Some insurance agents are urging caution as Missouri lawmakers consider changes to a state-created workers’ compensation firm that has been criticized by the state auditor for taking advantage of a federal tax exemption while spending heavily on perks. Legislation already …