A bill recently filed in Massachusetts Legislature would create a “coastal buyback program” allowing the state to purchase land that is repeatedly threatened by damaging tides or is located in flood plain areas. The program is part of a larger …
As part of his administration’s plan for new tax revenues, Massachusetts Gov. Deval Patrick recently proposed applying a corporate tax rate to the state’s “pass-through entities” that are owned by insurance companies. The proposal was part of Gov. Patrick’s fiscal …
Maine’s Republican Gov. Paul LePage’s administration says Maine’s auto and homeowners insurance rates are the lowest in New England and among the lowest in the country. The Maine Bureau of Insurance is pointing to recently released reports from the National …
Arizona workers’ compensation insurance provider CopperPoint Mutual Insurance Co. named Rick Jones executive vice president and chief operating officer. CopperPoint is formerly SCF Arizona. Jones will be responsible for executing changes to CopperPoint’s operations in support of long-term strategies while …
Kevin Kolenda, 56, a Connecticut businessman who has been reportedly defrauding golf tournaments and golfers for two decades, was sentenced in February in King County Superior Court in Washington. Judge Jean Rietschel sentenced Kolenda to 86 days with credit for …
A Florida agency selling private flood insurance said it is now selling the coverage in 15 states and making it available to commercial risks and apartment buildings. According to Evan Hecht, CEO of The Flood Insurance Agency, located in Gainesville, …
There are a number of bills currently under consideration by California Legislature that may be of interest to agents, brokers and insurance professionals in general. Bills under consideration include everything from changes to the insurance code to texting while driving …
Southern California’s construction sector continues to gain momentum, making good on positive outlooks issued late last year, and agents and brokers who deal in this segment can’t be any happier – especially those who remember the historically rough times that …
A former Nampa City Council member in Idaho was sentenced in February to 90 days in jail and 12 years of supervised probation for insurance fraud. Terms of the sentence given to Bob Schmidt on in 3rd District Court require …
Since heavy rains brought flooding in September 2013, Colorado survivors have received more than $267 million in federal and state recovery assistance, according to the Federal Emergency Management Agency. More than $219 million has come from disaster grants, flood insurance …
