New York Gov. Andrew Cuomo announced that his administration has established a new emergency disaster protocol that insurers “should expect to follow” in the event of future severe storms and other natural disasters. The emergency disaster protocol includes a number …
A U.S. housing regulator said on Nov. 5 that it would ban some fees and commissions that borrowers are compelled to pay when their own home insurance coverage lapses. The Federal Housing Finance Agency said it was aiming to shield …
As many as 1,100 families on waiting lists for help rebuilding their homes after Superstorm Sandy could benefit from a plan New Jersey has to move additional storm recovery funds to repair programs. The state’s Department of Community Affairs is …
Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of the carrier’s analytical process, AIG’s CEO Bob Benmosche said. Speaking on an earnings conference call on …
Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. named Steve Cohen as senior underwriting manager for its management liability programs. In his new role, Cohen will oversee the growth and development of Schinnerer’s suite of management liability …
The future of red light cameras in Missouri communities could be in jeopardy after a state appeals court panel ruled that most municipal ordinances governing the cameras are not enforceable. A Missouri Court of Appeals Eastern District panel said that …
Mark Bates, president of Pinnacle Insurance Group of Indiana in Crown Point, Ind., has received the Independent Insurance Agents of Indiana’s 2013 Harry P. Cooper, Jr. Industry/Public Image Award. This award is presented in the name of Harry P. Cooper, …
An Ohio man was sentenced and repaid more than $19,000 to the Ohio Bureau of Workers’ Compensation (BWC) for working while receiving workers’ comp benefits. BWC began investigating Harry Livingston after receiving an allegation that he was driving a dump …
The main difference between livestock, or equine, mortality insurance and human life insurance is that a livestock owner, subject to certain conditions, may sometimes euthanize the animal and still collect policy proceeds, according to a Michigan-based attorney whose practice includes …
The state of Texas and Farmers Insurance want to settle decade-old claims of overcharging and underserving customers for $117.5 million, which would be one of the largest insurance settlements in state history but less than what some people wanted. The …
