Massachusetts homeowners are paying for last winter’s record-setting snowfall with insurance premiums that are jumping by about 9 percent, much higher than in most years. The increases could translate to an additional $100 on the average Massachusetts premium of $1,150, …
A new report shows that implementing strict penalties for violating the graduated driver-licensing (GDL) law that restricted unsupervised night driving significantly reduced teen driver crashes in Massachusetts. The report, “Teen Crashes Declined After Massachusetts Raised Penalties For Graduated Licensing Law …
The Hartford named A. Morris “Mo” Tooker as executive vice president and chief underwriting officer for the company’s property/casualty insurance businesses. Tooker will oversee underwriting across The Hartford’s Small Commercial, Middle Market, Large Commercial and Personal Lines segments. Tooker brings …
The former president of a Little Rock, Ark.-based insurance company was sentenced in July to one year and one day in prison for embezzlement. John Mathis “Matt” Lile, III, of Little Rock, the former president of Cosmopolitan Life Insurance Co., …
Effective Oct. 1, Louisiana will withdraw from the Nonadmitted Insurance Multi-state Agreement (NIMA) and the NIMA-sponsored surplus lines clearinghouse, state insurance regulators announced. The state’s withdrawal from NIMA means it will no longer share surplus lines tax revenue with NIMA …
A nonprofit cooperative formed to provide health insurance in Louisiana is on the way to shutting down. Louisiana Health Cooperative said it will honor all in-force policies for its approximately 17,000 policyholders. It won’t offer coverage in 2016. The co-op …
By his own admission Progressive Insurance CEO Glenn Renwick (and his company) may not be right about the impact certain macro trends will have on the insurance industry, but in his view “it’s important to have some views.” Addressing an …
Blue Bell Creameries has started ice cream production trial runs in Alabama three months after a listeria scare halted all sales. The Brenham, Texas-based company said it is evaluating enhanced production processes at its plant in Sylacauga, Ala. In a …
Craig Sparks, non-executive chairman of Union Standard, has been presented with the Raymond Mauk Leadership Award by the Insurance Council of Texas (ICT). Sparks is the 18th recipient of the award. The ICT presents the Raymond Mauk Leadership Award annually …
In early July, FedEx lost a round in employment practices litigation over whether or not its drivers are employees of the company under Kansas labor statutes. On July 8, the U.S. Court of Appeals for the 7th Circuit agreed with …
