Both in the media and in general conversation, we often hear people refer to the workers’ compensation laws in various states as being very “employee friendly” because they feel that it’s easy for injured employees to get more than they …
NFP, Absolute Advantage, Vanorsdale Insurance NFP Property & Casualty has acquired Lake Havasu City, Ariz.-based Absolute Advantage Insurance Services LLC. NFP also acquired San Diego, Calif.-based Vanorsdale Insurance Services Inc. Both deals closed in December. Terms were not disclosed. Absolute …
The Massachusetts Division of Insurance recently denied the state’s largest commercial home insurer’s request to add an ice-dam deductible to some policies. Mapfre USA Corp. had asked the Division to approve the first-of-its-kind deductible, which would have ranged from $1,000 …
Gregory M. Shepard, an activist investor who’s been a major stockholder of Pennsylvania-based Donegal Group and a frequent critic of the company, has sold off his shares. Shepard’s stake consisted of 3.675 million shares of Donegal Group Class A common …
Liberty Mutual Insurance has created a new practice dedicated to schools, municipalities and other public entities, and has appointed Susan L. Kostro as chief underwriting officer, Public Entity. Kostro will be responsible for growing Liberty Mutual’s book of education and …
The Federal Emergency Management Agency (FEMA) still has thousands of Superstorm Sandy claims review cases that are waiting to be examined, latest figures show. FEMA said that as of Dec. 11, 2015, the agency has closed 2,694 Sandy flood insurance …
The Massachusetts Division of Insurance recently published on its website written public comments that were received in conjunction with the Division’s informational hearings on the Massachusetts home insurance marketplace. These consumer comments illustrate how some Massachusetts homeowners are feeling increasingly …
Mia Chang, 51, former insurance broker and owner of Lotte Insurance Services in Southern California, was sentenced in December for felony insurance fraud and grand theft. After her arrest Chang returned $19,218 in stolen premiums with interest to the owner …
Lockton’s Mountain West practice in Denver announced that Mike Roark has joined the firm as its senior vice president and construction practice leader. Roark comes to Lockton from the Moody Insurance Agency, where he was executive vice president. Previously he …
A Portland, Ore. woman struck by a drunken driver in a crosswalk has filed a lawsuit seeking $4,600 for the designer clothes she was wearing at the time, on top of the cost of her medical bills. Susan Layne sued …
