Learning how to manage increasingly complex and evolving risks is essential if property/casualty insurers are to serve the needs of their customers in a changing world. According to analysts and industry executives at Standard & Poor’s Ratings Services’ Insurance 2014: …
Keystone Insurers Group, based in Northumberland, Pa., announced the addition of two more independent insurance agencies in Illinois to its expanding franchise business. Resource Insurance of DeKalb and Pufalt-Pauley Insurance of Belleville bring the total number of franchise partners in …
Iowa Gov. Terry Branstad and top aides could be held personally liable if a jury decides that they defamed the workers’ compensation commissioner and improperly cut his salary during an attempt to force his resignation, the Iowa Supreme Court ruled. …
Vermont Commercial Vehicle Enforcement officers and police issued almost $18,000 in fines after a three-day, around-the-clock inspection of commercial vehicles in Colchester on Interstate 89 and on U.S. Route 7. The officers participating in the June 3-5 operation were checking …
A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New York City over damage to their health, a federal appeals court …
Massachusetts Commissioner of Insurance Joseph G. Murphy announced Monday his decision rejecting the Massachusetts Property Insurance Underwriting Association’s (“FAIR Plan”) request to increase its statewide home insurance rates by an average of almost 7 percent. The Massachusetts Division of Insurance …
Texas Workers’ Compensation Commissioner Rod Bordelon plans to resign from his post effective Aug. 1, the Insurance Council of Texas reported. Bordelon has served as Commissioner for the past six years. Insurance Council of Texas Executive Director Albert Betts praised …
The Michigan House has passed legislation blocking certain insurance lawsuits under the Michigan Consumer Protection Act. Consumers were prevented from suing insurance companies for fraud under the act starting in 2001. Majority Republicans say consumers could instead sue under the …
Worldwide Facilities Inc. named Jeremy Huang to its Irvine, Calif. team. Huang specializes in financial services products. He will be available to WWFI agents for assistance with directors and officers, employment practices liability, fiduciary, crime, WPV and kidnap and ransom. …
The U.S. Supreme Court on Monday declined to block payments BP PLC is required to make to businesses demanding compensation for the 2010 Gulf of Mexico oil spill as the company fights a lower court ruling. The high court rejected …
