Monthly Archives: <span>January 2013</span>

Nevada Workers’ Comp Loss Costs: Small Increase in 2013

Thanks to rising medical costs many Nevada employers will see a small increase in the premiums they pay for workers’ compensation insurance this year, according to the Nevada Division of Insurance. The average premium increase in the voluntary market will …

Too Early to Know Cost of 787 Dreamliner Claims, Says Boeing’s Insurer

Boeing Co. has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the planemaker’s lead insurer said on …

Delaware Regulators: 2012 Was ‘Best Year Ever’ for Captive Growth

The Delaware Department of Insurance announced recently the final projection for the number of captive licenses the captive bureau anticipates issuing for 2012. The regulators said 2012 was the best year ever for the state’s captive growth and that Delaware …

AmWINS Forms Non-Standard Auto Specialty Division

AmWINS Group, Inc. has combined its various non-standard auto operating entities to create AmWINS Specialty Auto (ASA), a new operation within the AmWINS Underwriting Division. The combined entities include Newport General Agency (acquired in April 2010), American Southwest Insurance Managers, …

Monitor Liability Managers Enhances Golf Course, Country Club Coverage

Monitor Liability Managers has enhanced its nonprofit management liability coverage for golf courses and country clubs. Golf courses and country clubs cope with all types of lawsuits, from employment-related lawsuits like harassment and discrimination to business practice suits like misappropriation …

Last Chance to Participate: Find Out Who’s Worth What in Today’s Agency System

This is the last chance to participate in Insurance Journal nationwide search to find out who’s worth what in the independent agency system. Agents, brokers and agency staff: Don’t miss out on your chance to participate. The 2013 Agency Salary …

N.Y. Lawmaker Aims to Clamp Down on Unfair Claim Settlement Practices

A New York state lawmaker recently introduced a piece of legislation that aims to prevent unfair claim settlement practices during a declared state emergency.Assemblywoman Nicole Malliotakis (R,C,I-Brooklyn, Staten Island) announced on Jan. 13 that she has drafted legislation that would …

Nebraska Bicyclist Sues Homeowners over Crash on Trail

The past and current owners of a south Lincoln, Neb., home are being sued by a man who was hurt when he crashed his bike on a trail near the house in 2011. The Lincoln Journal Star reports that Christopher …

U.S. Commercial Insurance Prices to Firm in 2013: Marsh

Rates for commercial lines insurance will continue to rise in 2013 thanks to above average losses, low investment returns and receding reserve releases. However, according to a new report published by Marsh, traditional signs of a conventional hard market have …

Rural School Officials: Give Texas Teachers Guns

Superintendents of three small rural school districts that allow some teachers to carry guns told Texas lawmakers on Jan. 28 that the practice provides a critical measure of safety for students in the event of a campus shooting, but a …