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

Michigan Man Says Insurance Won’t Cover Bullet Damage

A northern Lower Michigan man is upset insurance doesn’t cover the damage done to his mobile home during a neighbor’s shootout with police. Lance Reed said he’s already spent $1,500 on repairs to five bullet holes at his home in …

Ohio Justices: Doctor’s Apology not Evidence of Malpractice

Sympathetic statements by a doctor over a patient’s unexpected medical outcome can’t be admitted as evidence in medical malpractice cases filed after the date a law intended to outlaw their use went into effect in 2004, the Ohio Supreme Court …

People – Midwest

Heffernan Insurance Brokers promoted Brian Billhartz to senior vice president and branch manager in its St. Louis, Mo., office. Billhartz has more than 22 years of experience in property/casualty underwriting, production and account management. He worked in the St. Louis …

My New Markets

Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Workers’ Comp / Excess Market Detail: Meadowbrook Insurance Group‘s offers workers’ comp and excess …

Jimcor’s Mastowski on the Market and the Future of MGAs

The incoming president of the American Association of Managing General Agents (AAMGA) is no newcomer to insurance. He has some 40 years of experience under his belt. Frank Mastowsi founded his family-run managing general agency — named after his children …

Business Moves

K2 Insurance, Aegis Security San Diego, Calif.-based K2 Insurance Services acquired Aegis Security Inc. in Harrisburg, Penn. Terms of the acquisition were not disclosed. Aegis Security specializes in insurance for manufactured homes, motorcycles, travel trailers, select-value dwellings and other specialty …

Apologies Necessary

Doctors do it. Kindergarteners do it. Should insurers do it? Despite the prevalence of apologies in our society — think Lance Armstrong, Tiger Woods, Mel Gibson and Bill Clinton — the idea of offering an apology as a result of …

The Trademark Problem

It has always been surprising that trademark issues receive so little attention in the insurance community. It’s almost as if trademark claims are the dirty little secret of casualty insurance, both on the standard commercial and specialty professional sides of …

Cutting Corners

Some inside knowledge and a lot of experience strongly suggests that many agencies and brokers are cutting processing corners. I am not writing about immaterial corners. I am writing about them cutting large, material corners. Some have cropped the corners …

U.S. P/C Industry Posts $33.5B 2012 Income Despite Huge Catastrophe Losses of $32B

U.S. property/casualty insurers absorbed net insured catastrophe losses of more than $32 billion last year, but still managed to post $33.5 billion in net income in the aggregate — in part because catastrophe losses were lower than in 2011. Analysts …