No Surprises
Experts say it is intuitive that most people would be less likely to take risks after an unexpected loss. But what happens after a surprising win? It turns out that the very same trend applies. According to Case Western Reserve …
Business Moves – Southeast
Keystone; Burch, Worth, Zorn Keystone Insurers Group has added three agency partners in Georgia, bringing its total in the state to five. They newest partners are Burch Insurance Agency of Hiawassee; Worth Insurance Agency of Sylvester, and Zorn & Son …
Idea of Creating DWI Tracking System in Louisiana Revived
The idea of creating a statewide DWI tracking system in Louisiana is gaining steam again. The Advocate reports that the 2004 death of a project called the Integrated Criminal Justice Information System dashed hopes for a statewide DWI tracking system …
Targets of Trademark Bullies and Patent Trolls Differ
Even though real world bullies make the news, it’s trademark bullies and patent trolls that worry businesses. Trademark bullies are typically large firms that seem to go out of their way to keep others from using brand names that the …
State Farm Sues Sandusky Over Policy Coverage
State Farm has filed a lawsuit in Pennsylvania on July 19 against former Penn State assistant football coach Jerry Sandusky. In its complaint, State Farm Fire and Casualty Co. asked a judge to declare that the insurer’s homeowners’ policy for …
People – East
Liberty Mutual, the Boston-headquartered insurance giant, said in late July that it is realigning its strategic business units. The company also named executives that will lead each of its four new strategic business units. The changes, announced by David Long, …
Report: Calif. Head and Spine Injuries Cost $500M in 10 years
Head and spinal injuries cost California’s workers’ compensation insurers more than $500 million over 10 years, according to the California Workers’ Compensation Institute’s “Injury Score Card.” The report reflects data on California work injury claims for head and spinal injuries …
Mercury Reports Net Loss From Increased Severity
Mercury General Corp. on July 30 reported a net loss for the second quarter driven partly by an increase in severity trends, sending the Los Angeles, Calif.-based insurer’s shares down nearly 6 percent on that day. The company’s net reported …
Crop Insurance Helps Farmers Now More Than in 1988 Drought
U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they did 24 years ago when a drought hit as they were just starting to recover from a farm depression that …
Florida’s Top 10 Roofers
The BuildFax Florida Roof Age Report, based on analysis of its historical residential building permit data, released its top 10 lists of the most active roofing contractors in Florida. The Florida Building Code, effective in 2002, put in place more …
