No Spiked Recovery “This is my fourth cycle and it’s the first one that I’ve seen that is actually going the way this one is going.” —Arthur J. Gallagher’s CEO J. Patrick Gallagher on how unusual today’s commercial insurance rate …
That feeling of freedom one gets from the great outdoors it seems is anything but free. A recent National Parks Service decision to hike their required insurance liability limits has outfitters, guides and their insurance providers, headed to the halls …
Louisiana-based Specialty Risk Associates Inc. promoted two and added employees in its Shreveport office. Kelly Babin assumed the position of controller. Babin, a Certified Public Accountant, joined Specialty Risk in 2010 as assistant controller. Tiffany Cole was promoted to commercial …
The New Jersey comptroller’s office says some workers’ compensation third party administrators (TPAs) have undisclosed side agreements with their vendors which require payments back to the TPAs. This “pervasive” practice often drives up workers’ comp costs for the public employers …
Congratulations to the winners of Insurance Journal‘s “2012 Best Independent Insurance Agencies to Work For” survey! As their employees put it: these agencies are doing all the right things. They provide healthy benefit plans, offer competitive levels of employee compensation …
Denver, Colo.-based Van Gilder Insurance Corp. named Don Woods its new president. Woods is co-founder and CEO of Community Bankshares Inc. and its subsidiaries. Under Woods, Community Bankshares Inc. grew to over $2 billion in assets and had 42 branches …
Connecticut Workers’ Compensation Commission issued its annual report earlier this month. The Commission touted a number of accomplishments for the fiscal year 2012, including: providing more effective and efficient services; improved monitoring of hearing backlogs; and enhanced online capabilities. The …
Allstate Corp. is raising insurance rates for 144,000 Louisiana homeowners. The company announced that about 71,000 homeowners insured by Allstate Insurance Co. will see their rates increase by 11.3 percent, while 73,000 Allstate Indemnity Co. policyholders will see an average …
A National Parks Service (NPS) decision to hike their required insurance liability limits by 1,000 percent has some outfitters and guides, as well as their insurance providers, navigating the halls of Congress. The battle began because of an NPS increase …
Florida’s state-backed property insurer is considering investing in private insurers to the tune of $350 million, with the hopes these insurers would then take up to 300,000 policies. The move is an attempt by Citizens Property Insurance Corp. to reduce …
