Are loss-of-use damages, such as lost profits, allowed in Texas when an insured has recovered fair market value on a commercial vehicle that is deemed a total loss after an accident? The Texas Supreme Court thinks so, despite an insurer’s …
Collectively, the surplus lines insurance service/stamping offices across the country processed a record-breaking $25 billion in premium in 2015, exhibiting 3.6 percent growth over the $24.2 billion in premium processed during 2014, the Surplus Lines Stamping Office of Texas (SLSOT) …
Richards D. Barger, a former California insurance commissioner and a former president of the National Association of Insurance Commissioners, died in late January. He was 87. Barger, who went by the name Dick, devoted his practice to insurance services, with …
A hoverboard burst into flames in a Petaluma, Calif. home in late-January, making it the second hoverboard fire in the area in one week. The hoverboard was plugged into an electrical outlet to charge when the fire started. Petaluma Fire …
California Insurance Commissioner Dave Jones in January asked all insurance companies doing business in California to voluntarily divest from their investments in thermal coal as part of a nationwide call to reduce carbon emissions to do battle with climate change. …
Utah-man Navid Monjazeb faces 22 counts of insurance fraud, reckless endangerment, and other crimes spanning five years and at least 23 known accidents – with the same three vehicles. Charges resulting from a months-long investigation conducted by Utah’s Insurance Fraud …
Burr Ridge, Ill.-based Allegiance Insurance Services Inc. (AIS) appointed Barbara M. Strehmann as chief financial officer of the Allegiance Group of Companies. Strehmann has over 30 years’ experience in the accounting field, and has worked as the accounting manager and …
It’s anticipated that by 2020 there will be hundreds of thousands of unfilled positions in the insurance industry and that some 25 percent of those currently working in the sector will retire within the next three years. The looming talent …
A bill introduced in the South Dakota House would clarify state law on when part-time employees injured on the job should also receive workers’ compensation benefits for their other part-time positions. The proposed legislation stems from a 2015 state Supreme …
East St. Louis, Ill., and Camden, N.J., rank first and second in an annual ranking of the country’s most dangerous cities. New Orleans (70), Philadelphia (65), Miami (63), Washington, D.C. (35) and Baltimore (19) are on the list but some …
