A New Jersey court struck down recently a claim by a former bank employee who sought workers’ comp disability benefits for what the claimant described as a psychological illness caused by occupational stress. The court stated that in order to …
BancorpSouth Insurance, Securance BancorpSouth Insurance Services Inc., headquartered in Tupelo, Mississippi, has agreed to acquire the assets of The Securance Group, Inc., an independent property/casualty and life/health insurance agency headquartered in Brewton, Alabama. Financial terms of the pending transaction were …
Severe weather insurance losses in the United States were close to $2 billion in June, according to Aon Benfield’s Global Catastrophe Report. The report, published by Aon’s Impact Forecasting, noted that the most costly was the severe weather event that …
North Carolina officials have found a way to resolve media groups’ concern over public access to some employers’ workers’ compensation information while maintaining the confidentiality of other records. Media groups had called for Gov. Bev Perdue to veto a bill …
It’s the Law “Personally, I don’t like the Affordable Care Act. It’s the law, whether you like it or not.” —Mississippi Insurance Commissioner Mike Chaney saying he’s going to continue with plans for a state-run health insurance exchange, despite opposition …
Costs Drive the Benefits Market; Focus Turns to Aiding Individuals Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being driven by costs — the cost of …
The restaurant industry has endured a difficult few years and while some establishments didn’t survive the economic storm, those that did are anxious to see their business grow again. They may not have to wait too long. The National Restaurant …
General Motors announced that its OnStar subscribers can now rent out their idle vehicles through the RelayRides car sharing service, which is the first third-party developer to integrate with GM OnStar’s proprietary application program interface (API). OnStar is available in …
Laptops, cell phones and cloud computing have made cyber liability a fast-emerging exposure and insurers are stepping up with coverages. But most insureds don’t fully recognize the risk. A recent Towers Watson survey found that 72 percent of large U.S. …
Fake Dead Cat “We’ve handled some pretty unusual fraud cases, but this is one of the stranger ones.” —Washington Insurance Commissioner Mike Kreidler, referring a Tacoma man who is facing attempted theft and insurance fraud charges after filing a $20,000 …
