Executives of Florida’s state-backed insurer defended a proposed statewide average 11.2 percent increase in homeowners rates as regulators, consumer advocates and other officials questioned the need for the increases, citing a projected reduction in sinkhole claims, the use of computer …
Cover the Dog “We believe that policyholders will benefit from having an independent agent review their insurance coverages to ensure they have adequate protection against the alarming increase in lawsuits over bites by family dogs.” —Mark Desrochers, president of The …
Dillon Cos., which does business in Colorado as King Soopers Inc., a large retail food company, refused to accommodate and unlawfully fired a receptionist at its company headquarters because of her bipolar condition, according to a lawsuit filed by the …
Jeff Menary has been named vice president of Reinsurance at Grinnell Mutual Reinsurance Co., located in Grinnell, Iowa, and Kurt Eaves has been named vice president of Direct Underwriting/Production. Menary currently serves as vice president of direct underwriting/production. He has …
Nearly All Commercial Sectors Have Vulnerabilities, Experts Say A slow trend toward economic recovery in the United States may bring good news and bad news for insurance agents and brokers who handle commercial accounts with cargo and supply chain vulnerabilities. …
Mobile Device Explosion Creates Need for Heightened Security Mobile devices have taken the workplace by storm, but the proliferation of these devices has created a new set of security challenges. After a number of high-profile data breaches and “hacktivist” incidents …
A Watertown, S.D., insurance company has been placed into litigation by state insurance regulators. A liquidation order issued by the South Dakota Division of Insurance for Northern Plains Insurance Co. was approved on Sept. 18 by Sixth Circuit Court Judge …
Standing in front of a crowd of several hundred members of the insurance community, San Diego Mayor Jerry Sanders must have hit the nail on the head during a speech to the industry in late September, because agreeable nods could …
The cost of homeowners insurance claims has been rising rapidly because of the combined effects of rising claim severity and increases in claim frequency, according to an insurance industry report. A new Insurance Research Council (IRC) study of homeowners insurance …
Workers’ compensation insurance provider, Texas Mutual Insurance Co., has hired Timothy Osmond as claims manager in Dallas, where he will oversee a staff of 36 claims professionals. Osmond has more than 24 years of experience in the insurance industry. Prior …
