Monthly Archives: <span>March 2014</span>

Aronson Insurance Acquires Shuffain Insurance Agency in Massachusetts

Aronson Insurance, an independent insurance agency in the suburban Boston area of Needham, Mass., has acquired Shuffain Insurance Agency of Sharon, Mass. Aronson Insurance is an independent insurance agency owned and operated by the Aronson family since 1919. The agency …

Tennessee Fire Marshal Urges Caution With Home Medical Oxygen

Officials say fire departments across Tennessee reported 18 fires involving portable oxygen tanks in the past five years, leading to a warning from the state fire marshal WBIR-TV in Knoxville, Tennessee, reports that seven of those fires were fatal, and …

GM Under Pressure to Establish Victim Compensation Fund

Pressure built on General Motors on Monday to take steps to get 1.6 million of its recalled cars off the road immediately and to establish a compensation fund for consumers affected by the company’s faulty ignition switches linked to 12 …

Burand’s Agency E&O Blog: Tip #55

Fees & Agency’s Standard of Care. An agency’s Standard of Care requirement has many moving parts and variables. Simple answers generally do not exist because the applicable standard is case and fact specific. However, a key to making the agency’s …

Workers’ Compensation Fraud and the Insurance Producer

There are essentially two types of workers’ compensation fraud — premium fraud and claimant fraud — and insurance producers can play a role in the discovery and resolution of both, according to one investigator who has brought some 800 cases …

Florida Legislature Seeks to Entice Private Insurers to Sell Flood Policies

The Florida Legislature is moving forward on a plan to entice private insurance companies to sell flood policies in the state that’s the most vulnerable to storm surge. It’s not clear, though, that many private insurers will want to assume …

Flood Insurance Fix Only Slows Rate Hike for 60K New Yorkers

For Gay Alexander, Superstorm Sandy “is not over,” she says, her voice cracking as she speaks about the cost for flood insurance on her damaged, waterfront Long Island home. The single mother of two doesn’t have the money to fix …

President Obama Signs Flood Insurance Relief Bill

Homeowners living in flood-prone areas are getting relief from big spikes in insurance costs under legislation President Barack Obama signed into law last Friday. Lawmakers from both parties supported the measure in response to angry homeowners who faced sharp premium …

Michigan Drivers’ Catastrophic Claims Fee to Remain $186

An agency that charges Michigan drivers for the cost of caring for people catastrophically injured in crashes says the fee they pay will remain unchanged at $186 per year. The Michigan Catastrophic Claims Association announced that the assessment for the …

Millions of Americans Remain Uninsured Despite Big Health Care Push

Alan Thacker wants health coverage, but he can’t get help in his home state of Georgia. Mary Moscarello Gutierrez no longer can afford insurance in New Jersey. Justin Thompson of Utah refuses to be forced into the president’s health law. …