I imagined that during my first virtual trade show I’d sort of feel like the sci-fi movie character Tron, mesmerized and captive in some digital man-made construct that has drawn me down to the minute level of electric impulses carrying …
California workers’ compensation insurers’ average return on net worth increased for the second year in a row in 2011, according to the latest National Association of Insurance Commissioners report on insurer profitability. The report shows California insurers’ 2011 return improved …
Spokane, Wash.-based Cochrane & Company, a western-regional surplus lines brokerage and managing general agent, has acquired Prowest Insurance Services Inc. The name and operations of Prowest, a Folsom, Calif.-based surplus lines broker and MGA, will remain unchanged. Prowest will operate …
Networking is the single biggest thing women can do to facilitate their rise up the corporate ladder in the property/casualty insurance industry, according to four women who have done just that. And being a sponsor is one of the best …
Catastrophe modeling firm Eqecat announced that it has finalized an agreement to share exposure data schemas with another major catastrophe-modeling firm, Risk Management Solutions (RMS). The agreement recognizes the need in the industry for a data standard, according to the …
Florida’s second largest property insurer is being hit with a fine of nearly $1.3 million. Florida Insurance Commissioner Kevin McCarty announced that his office was assessing a fine against Universal Property & Casualty Insurance Co. Universal has roughly 542,000 policyholders …
Gov. Terry Branstad has issued a disaster proclamation for another eight counties hit by recent storms and flooding. Branstad made the announcement Wednesday. On Tuesday he issued a similar proclamation for 13 counties. The counties covered by the proclamation are: …
Directors of Ohio’s insurance fund for injured workers have unanimously approved Gov. John Kasich’s (KAY’-sihks) proposal to send $1 billion in cash rebates to businesses, local governments and schools. About 210,000 businesses and public employers would see one-time rebates in …
A northern Michigan insurance broker accused of fleecing elderly clients out of more than $1 million has been sentenced to 5 years in federal prison. Prosecutors say William Lowder persuaded clients to change their investments and put money in annuities …
Police say a construction worker at a site in College Station, Texas has died after being pinned to the ground by two 1,500-pound, 20-feet-long shoring panels. Police say 49-year-old Armando Gonzalez of Bryan died Wednesday afternoon as crews were working …
