Something for Nothing “Sometimes a few bad employees try to get something for nothing, scamming the people we serve. This task force will help prevent those instances.” —New York State’s Broome County Executive Debbie Preston on a new initiative to …
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Agencies involved in the sales and service of employee benefits know that the issue of errors and omissions (E&O) is very real — and that proper steps must be taken to minimize that exposure. Many in the employee benefits field …
Suppose you walked into a store to look for a new television. If the store only carried one brand, would you shop there? Of course not, but that’s just what today’s insurance behemoths want you to do when you buy …
Insurance organizations that are local or regional are a part of the largest segment of employers in the American economy. Why should they exist and succeed in a world where bigger is associated with better? Their success is based on …
The workers’ compensation industry’s results improved in 2012. Premiums grew for the second straight year, the combined ratio improved, and claims frequency declined at a faster rate than severity increased, according to a report by the A.M. Best Co. The …
Indiana Farm Bureau Insurance announced that Joseph A. Martin, the company’s current chief operating officer (COO) and senior vice president of marketing, has been selected after a nationwide search to serve as its next executive vice president and chief executive …
Illinois’ Attorney General has opened an investigation into a potential fundraising scam tied to tornado relief efforts in Washington, Ill., and other downstate Illinois communities. Lisa Madigan said the Charitable Trust Bureau in the AG’s office received a complaint regarding …
A total of 7,500 residential dwellings in the city of Joplin were damaged or destroyed by the May 2011 tornado, according to information on the city’s website. Of those, about 4,000 homes were destroyed. As of July 2013, 85 percent …
In a rare late season outbreak, more than 50 tornadoes blasted across Illinois, Kentucky, Indiana, Michigan and Ohio. on Nov. 17. Preliminary estimates by the catastrophe modeling firm RMS put insured losses from the widespread event at more than $1 …
