Hays Companies announced that Steve Topel has joined its Chicago operations as president of property and casualty. Topel joins Hays Companies with extensive leadership experience. He served as the president and chief sales officer of The Horton Group, as well …
Officials expect a Michigan testing site for connected and driverless cars that will simulate a cityscape to be operational this spring. Called “M City,” the 32-acre site is taking shape on the University of Michigan’s North Campus in Ann Arbor. …
Florida’s attempt to lower the cost of personal injury protection (PIP) automobile coverage is progressing as insurers’ rates have declined due in part to lower losses and fewer fraudulent claims. The Florida Office of Insurance Regulation released an annual report …
Cyber Education “For us, it’s trying to keep up with the demand.” —Derek Mohammed, chairman of the computer science department at Saint Leo University, one of several Florida schools rushing to offer programs to train cybersecurity specialists. Hopeful “We live …
Florida’s state-backed property insurer has lowered the amount of coverage it provides for high-value properties from $1 million to $900,000, per a 2013 law change. Citizens Property Insurance Corp. began implementing the change on almost all new and renewal high-value …
Recently, the South Carolina Court of Appeals in Precision Walls, Inc. v. Liberty Mutual Fire Ins. Co., 410 S.C. 175, 763 S.E.2d 598 (Ct. App. 2014), reh’g denied (Oct. 23, 2014), held that the cost to tear down and re-build …
State Farm Fire and Casualty Co. has appealed an order that it pay legal fees and damages of $3 million in a whistleblower lawsuit in which a jury found the insurer defrauded the government in a policyholder claim after Hurricane …
The North Carolina Rate Bureau has filed for mobile homeowners insurance rate changes with the North Carolina Department of Insurance (NCDOI). The bureau has requested an average statewide decrease of 0.8 percent for the MH(C) form and an average state …
Florida’s insurers are breathing easier after the state’s high court ruled that the state’s workers’ compensation law bars injured workers from seeking additional benefits in civil court. The Florida Supreme Court recently handed down a ruling in a case (Morales …
Vermont gets a grade of “A+” and California and North Carolina get grades of “F” in the annual report card on state insurance regulation issued by the free market think tank, The R Street Institute. The 2014 Insurance Regulation Report …
