The Association of British Insurers (ABI) has calculated that insurance claims from the recent spate of floods in the UK are averaging £6.7 million a day [$11.176 million]. The ABI said the “wettest winter on record is likely to result …
The data breach at Target Corp. that exposed millions of credit card numbers has focused attention on the patchwork of state consumer notification laws and renewed a push for a single national standard. Most states have laws that require retailers …
Four of five U.S. companies have raised deductibles or are considering doing so as health costs increase, according to a survey of more than 700 employers. About one-third of the companies have already increased deductibles or other cost-sharing provisions like …
Workers’ compensation must align itself with the rest of the changing healthcare system to avoid increased cost-shifting by workers and medical providers, according to an economist involved in the Massachusetts and Obama administration healthcare reforms. Jonathan Gruber, professor of economics …
Texas Mutual Insurance Co. reported that Howard Douglas Whiddon of Dripping Springs pleaded guilty to workers’ compensation fraud-related charges in a Travis County district court. The court sentenced Whiddon to 10 years’ deferred adjudication and 160 hours of community service, …
Ryan McPhetridge has joined Houston, Texas-based independent insurance agency Brady, Chapman, Holland & Associates Inc. as retirement plan advisor. Prior to joining BCH, McPhetridge managed more than 100 clients for a Texas based financial institution. McPhetridge has almost a decade …
A Kentucky House panel says when it comes to letting your vehicle insurance lapse, one strike and you’re out. Currently, Kentucky law allows a driver’s insurance to lapse three times before the vehicle registration is revoked. But under a bill …
Tennessee regulators are warning automobile policyholders that participating in transportation network companies could lead to gaps in their coverage and leave them exposed to monetary damages from an accident. Transportation network companies have become increasingly popular across the country, especially …
Farmers Insurance is looking to increase its presence in California by adding 518 agency owners throughout the state. “There has never been a better time than now for those interested in becoming agency owners to join the Farmers Family,” Stephen …
The Independent Insurance Agents of Oklahoma named Denise Johnson to lead the association upon the retirement of long time IIAO President/CEO Dan Ramsey. Johnson will join the IIAO on June 1 and take over the leadership role on Sept. 1. …
