March 24, 2014
The Colorado Legislature has once again delayed a vote on a bill aimed at preventing agricultural fires from starting wildfires. The move on Friday came after its sponsor said he wanted to kill the proposal because farmers oppose it. The …
March 24, 2014
Chubb Insurance Company of Europe SE has announced the appointment of Dave Draper to the role of UK & Ireland Casualty Manager. Andy Francis, Chubb UK & Ireland Commercial Manager noted his “experience and knowledge,” which he said would “aid …
March 24, 2014
Biglari Holdings in San Antonio, Texas, last week announced its acquisition of Venice, Florida-based First Guard Insurance Co. and its affiliate, 1st Guard Corp. The terms of the transaction were not disclosed. First Guard Insurance, licensed in 28 states, is …
March 24, 2014
California’s limit of $250,000 on medical malpractice damages for pain and suffering, which became a model for other states almost 40 years ago, could be increased under a voter initiative to be submitted on Monday. Proponents said they’ve gathered 830,000 …
March 24, 2014
North Carolina’s Insurance Commissioner Wayne Goodwin announced last Friday that one of the nation’s largest convenience store chains has formed a captive insurance company in North Carolina. The Pantry Inc., based in Cary, N.C., has formed Cellarium Insurance Company Inc., …
March 24, 2014
Mississippians will see uniform rules about when hurricane deductibles apply to their homeowners insurance under a law Gov. Phil Bryant signed last week. House Bill 756, sponsored by Biloxi Republican Scott DeLano, requires Insurance Commissioner Mike Chaney to rule that …
March 24, 2014
A Georgia superior court judge has given regulators approval to liquidate a former automobile insurer. Cynthia Write, judge of the superior court of Fulton County, signed-off on an order in February that will allow regulators to liquidate Georgia Mutual Insurance, …
March 24, 2014
The “typical” P/C producer’s life is packed with sales drama. It features climactic successes and failures mixed in with routine yesses and noes. You can accept these ups and downs as business as usual or you can use sales history …
March 24, 2014
It took less than two full days of play for Warren Buffett to win his bet that no entrant in a Quicken Loans Inc. contest would predict the winner of each game in the three-week-long National Collegiate Athletic Association men’s …
March 24, 2014
The ease with which a big jetliner melted into the ether after vanishing from Malaysian radar illustrates an uncomfortable paradox about modern aviation: state-of-the-art airplanes rely on ageing ground infrastructure to tell them where to go. While satellites shape almost …