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

1 Year After Sandy, N.J. Urges Consumers to Stay Vigilant About Insurance Fraud

One year after Superstorm Sandy struck the state, New Jersey Department of Banking and Insurance (DOBI) Commissioner Ken Kobylowski is cautioning consumers to remain vigilant about insurance fraud. “Each year, insurance fraud costs companies tens of billions of dollars,” said …

UK Market Offers Hints on How Insurers May Treat E-Cigarettes

For several years now now, a lot of people involved with insurance—me included —have been puzzling out the ways that new tobacco products like e-cigarettes and snus might impact life and health insurance markets. To date, the U.S. insurance industry …

IICF, Sesame Workshop Featured on Katie Couric Show

The Insurance Industry Charitable Foundation and Sesame Workshop, the nonprofit organization behind Sesame Street, will be featured on the Katie Couric Show as part of a Halloween special on Thursday. IICF and Sesame Workshop have paired to promote the goal …

1-Year Anniversary of Sandy Offers Lessons Learned for Coastal Residents

One year ago, Superstorm Sandy struck a dozen states in the Northeast and became the third costliest storm in U.S. history, after hurricanes Katrina and Andrew, according to the Insurance Information Institute (I.I.I.). “Every disaster offers lessons learned for future …

ProWriters Launches Small Business Online Quoting Platform

ProWriters is now providing agents and brokers access to online quoting and binding for small business professional liability insurance with general liability and/or a business owners policy (BOP). Quotes for small business risks can be accessed from an online portal …

Texas Holds Oct. 30 Hearing on Windstorm Liability Limit Increases

The Texas Department of Insurance will hold a hearing on Oct. 30 to consider a petition by the Texas Windstorm Insurance Association to raise the maximum limits of liability for windstorm and hail insurance policies covering residential dwellings and individually-owned …

Fitch Affirms California Earthquake Authority’s ‘A’ Rating

Fitch Ratings has affirmed the “A” rating on California Earthquake Authority’s outstanding fixed-rate revenue bonds, which mature on July 1, 2016. Fitch has also affirmed CEA’s Issuer Default Rating (IDR) at “A.” The Rating Outlook is Stable. “The ratings reflect …

Higher Speed Limit in Ohio Hasn’t Led to More Tickets

Troopers have written fewer tickets on some stretches of Ohio highways where the speed limit was bumped to 70 mph earlier this year, according to State Highway Patrol numbers reported by a newspaper. The patrol says it issued about 19,000 …

Berkshire Hathaway GUARD Adds Rentie in Midwest

Berkshire Hathaway GUARD Insurance Cos. recently appointed William Rentie as a senior field representative for the Midwest. In 2013, the insurer entered Nebraska, Iowa, Missouri, and Kansas – joining Illinois, Indiana, and Michigan, which were already part of the company’s …

Court Says Oklahoma Tribe Immune from Dramshop Liability Lawsuit

The Oklahoma Supreme Court, reversing a previous ruling, says a family injured in a 2006 auto accident cannot sue the Peoria Tribe or its Buffalo Run Casino, where the other driver in the crash had been drinking. The court’s 5-4 …