October 30, 2013
Florida Chief Financial Officer Jeff Atwater wants to know why home insurers are not passing along to insureds apparent savings they are realizing on reinsurance. The state’s insurance regulator says he will let Atwater know next month. Atwater sent a …
October 30, 2013
Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. Cohen and Commissioner Karen Weldin Stewart involves the state’s …
October 30, 2013
Liberty Mutual Holding Co. Inc. today reported net income of $481 million for its 2013 third quarter, a 3.4 percent jump from $465 million profit reported one year ago, reflecting improved core underwriting results. “The third quarter reflected a continuation …
October 30, 2013
Florida Chief Financial Officer Jeff Atwater announced the arrest of Leon Mobley, 45, a licensed insurance agent in Wellington, for allegedly submitting false and forged wind mitigation verification inspection forms on behalf of clients to obtain discounted homeowners premiums. Atwater …
October 30, 2013
Todd Hergesell has joined Barney & Barney LLC in Aliso Viejo, Calif. Hergesell will work with a team of professionals offering commercial property/casualty insurance, employee benefits, workers compensation, compensation consulting, executive liability, personal lines and surety. Barney & Barney’s Orange …
October 30, 2013
A ride that jolted into motion at the North Carolina State Fair, injuring five, had been intentionally tampered with to bypass critical safety devices, a sheriff said, with the ride operator accused of assault in an investigation that a prosecutor …
October 30, 2013
Customer satisfaction with auto insurance claims handling is improving, due in large part to insurers’ improvements in managing the first notice of loss (FNOL) process and providing faster payments to claimants, according to the J.D. Power 2013 U.S. Auto Claims …
October 30, 2013
A majority of risk professionals believe expiration of the federal terrorism reinsurance program would result in a decrease of affordable terrorism coverage or, even, the total elimination of the coverage, according to a poll by the Risk and Insurance Management …
October 30, 2013
President Barack Obama’s advisers deliberately crafted his signature healthcare law to fulfill his oft-repeated promise: those who like their insurance can keep it. Even with that provision, Obama administration officials knew by June 2010 that as many as 10 million …
October 30, 2013
Catastrophe modeling firm AIR Worldwide continued its analysis of Windstorm “Christian,” which smashed into southern Britain Monday, October 28, knocking over trees, flooding lowlands, and disrupting land, sea, and air travel. The storm’s official name, “Christian,” was designated by authorities …