When it comes to the use of evolving technologies such as hydraulic fracturing, or fracking, in oil and gas production one big question insurance companies are faced with is: to insure or not to insure? That is a key question …
Want your insurance customers to have a smooth claims experience after a loss? Set appropriate expectations up front and over-deliver on the back end. “I think that’s equally true for claims people and for agents,” said Timothy Wiedmeyer, vice president …
John Monreal, 45, of Santa Clarita, Calif. was arrested on May 30 by Los Angeles County Sheriff’s Department deputies on 11 felony counts of embezzlement and insurance code violations after he allegedly duped multiple consumers into believing they were insured …
Walnut Creek, Calif.-based Ascension Insurance Inc. has hired Marco Figueroa as a senior loss consultant. Figueroa will work with clients to provide risk management and safety and health services. Figueroa has 19 years of experience in the safety and health/loss …
Companies and governments worldwide are changing their behaviors and examining their risks in the face of climate change, a managing director for Standard & Poor’s said as he held up the insurance industry as a good example of how to …
McSweeney & Ricci Insurance Agency Inc., an independent agency with four locations in Massachusetts, recently announced four appointments in its Braintree, Mass., office. McSweeney & Ricci said William Liddell, Marty Kinsman and Sean Chase have been hired as personal lines …
Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an additional $100,000 annual aggregate limit for defense and …
The MBTA in Boston is toughening its cellphone policy for drivers, saying any bus or train operator would face dismissal for carrying a phone or other electronic device on the job even if it is not being used. The new …
Lafayette, La., fire officials say at least five vacant houses have been set afire in one week. They’re investigating a sixth house fire. They say two vacant houses were torched within 12 minutes of each other early on June 15. …
The American International Group, Inc. (AIG) insurers have launched a new line of multinational commercial property products and services, including expanded coverage, loss prevention engineering, and risk management solutions, for mid-sized businesses confronting global risk exposures. AIG’s Property Performance Series …
