Monthly Archives: <span>October 2015</span>

Shortchanged Sandy Victims Get More Flood Insurance Cash After Claims Review

Many people who complained a federal insurance program shortchanged them after Superstorm Sandy swamped their homes are getting some validation three years later in the form of cash. A Federal Emergency Management Agency review launched in the spring has been …

Nebraska Man Gets Jail Time in Auto Insurance Fraud Case

A North Platte, Neb., man accused of driving his car into a canal so he could collect on his insurance has been sent to prison. Court records say 32-year-old Josh Salisbury was sentenced to 18 to 36 months for insurance …

Hanover Q3 Profit Increases 42% to $78M

The Hanover Insurance Group Inc. reported $78.3 million net income for its 2015 third quarter, a 42.6 percent increase from $54.9 million net income reported a year earlier. The Worcester, Massachusetts-based insurer said the latest quarterly results were helped by …

Texas’ Population Spread, Wildfires Bring New Era of Firefighting

A top state fire official says the changing landscape of Texas, driven by millions of new residents and the spread of exurbia, has coincided with an unprecedented wave of large wildfires that are occurring more regularly. Texas A&M Forest Service …

Arnold Joins Underwriting Team at Ashley General Agency

Conroe, Texas-based independent insurance wholesaler, Ashley General Agency, has added Adam Arnold to its underwriting team. Arnold has extensive experience in the insurance industry that includes a background with a well-respected managing general agency and a national insurance carrier specializing …

Insurance Agents & Brokers in Penn. Announces Newly Elected Directors

The fall marks a new administrative year for Insurance Agents & Brokers Service Group in Mechanicsburg, Pennsylvania, and its partnership of agents’ associations in Delaware, Maryland and Pennsylvania. The organization held elections for directors at its annual meeting on Oct. …

National Tire and Battery to Pay $22.5K to Settle Employee Harassment Suit

National Tire and Battery (NTB) will pay $22,500 to a former employee to resolve a national origin and religious harassment lawsuit brought by the U.S. Equal Employment Opportunity Commission (EEOC), the agency announced. According to EEOC’s suit, an Arab and …

North Dakota Lawmakers Criticize Proposed $3B Crop Insurance Cut

North Dakota’s congressional delegation and others from the state say a proposed $3 billion cut to crop insurance is unacceptable. A two-year budget deal in Congress would reduce federal subsidies to companies that sell crop insurance to farmers, saving $3 …

Consumer Watchdog Should Want a More Dynamic, Competitive Market for California Insureds

Yesterday, I published a paper about, and titled, “The troublesome legacy of Prop 103.” Shortly thereafter, an organization called Consumer Watchdog published a startlingly quick response. The speed of their response, while impressive, is no surprise. Consumer Watchdog owes its …

Judge Orders Wyoming Restaurant to Pay $11.4M in Salmonella Case

A judge has ordered a Cheyenne, Wyo. restaurant to pay a Nebraska couple nearly $11.4 million after the husband contracted salmonella poisoning. The Casper Star-Tribune reported Christopher Gage and his wife, Heather, sued the Old Country Buffet and its operator …