A backlash is quickly growing against the decision of Florida’s largest property insurer to shift thousands of policies to a start-up insurance company. Just days ago Citizens Property Insurance Corp. narrowly approved an agreement that calls for paying $52 million …
New Jersey is now accepting applications from homeowners seeking grants to rebuild homes damaged by Superstorm Sandy.The grants are part of $1.8 billion in the first round of federal aid sent to New Jersey to deal with costs not covered …
The New York Compensation Insurance Rating Board (NYCIRB) said it submitted to the state’s Department of Financial Services last week a loss-cost filing for an overall average loss cost change of +16.9 percent. A hearing is likely to be scheduled …
As an insurance guy who has been on both sides of the climate change debate (I’ve worked for organizations full of climate change skeptics and now head one that believes it’s an important public policy issue) I’ve heard just about …
Chicago-based broker Hub International’s Northeast division hired Scott Konrad as senior vice president and not-for-profit business practice leader.Based in Hub’s New York City office, Konrad will be responsible to build, brand, grow and lead a specialty practice serving the insurance, …
The New York State Assembly’s insurance committee on Thursday approved a bill that would prohibit the insurers’ use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, is now eligible to be voted on by the entire Assembly. …
Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that two insurance fraud investigations have led to criminal convictions in the Columbus and Cleveland areas. The cases were related to insurance claim padding totaling nearly $20,000. Randall Stewart, …
Lewis Center, Ohio-based Modern Medical announced the nationwide roll out of a program designed stop the rise of opioid abuse in the workers’ compensation industry. Opioid Defense Manager (ODM) was launched in November 2012 in a test phase, the company …
E&S Binding Limits. Extremely few, if any, retail agencies have any binding authority whatsoever with their E&S brokers. This is such a simple E&O tip that most readers probably see it as a complete waste of blog space. My field …
The National Weather Service says a tornado that traveled seven miles across rural western Kansas during the weekend was an EF4, with winds of 165 to 185 mph. The report from the agency’s Dodge City office follows a survey of …
