Monthly Archives: <span>October 2016</span>

EPIC Launches Cyber Risk Insurance Platform for Small, Mid-Sized Businesses

EPIC Insurance Brokers & Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, has launched its proprietary Cyber Risk and Insurance Platform tailored to small and mid-sized businesses. The initial offering of EPIC’s Financial Risk Solutions Specialty Group, …

A.M. Best: Damage From Hurricane Matthew Won’t Affect Most Insurer Ratings

A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in place to effectively absorb this event, according to a new briefing from …

Supreme Court Weighs How to Figure Design Patent Damages in iPhone Case

The U.S. Supreme Court last Tuesday signaled a willingness to reduce the potentially huge penalties imposed for ripping off a patented design as it heard arguments in the legal fight over the amount Samsung should pay Apple for copying the …

Georgia-Based Trucking Co. Ordered Off the Road After Numerous Safety Violations

A trucking company that was recently involved in an explosion while hauling automobile air bag inflators was ordered to take its vehicles off the road Oct. 7 by federal regulators who said they found a long list of serious safety …

Hylant Names Herr SVP for Client Strategy & Resource Development in Orlando

Hylant has promoted Andria Herr to the newly created position of senior vice president, Employee Benefits Client Strategy & Resource Development. She was most recently the Orlando office president. Herr has 30 years of experience;15 years working on the carrier …

Indiana Workers’ Comp Rates to Drop 9.3% Next Year

Indiana Department of Insurance Commissioner Stephen W. Robertson has approved a 9.3 percent reduction in workers’ compensation insurance rates that becomes effective Jan. 1, 2017. The approved rate decrease will result in savings of approximately $82.7 million dollars for Indiana …

Texas DWI Cases at Risk as Lab Expert’s Credibility Questioned

Thousands of DWI convictions in North Texas could be jeopardized after the testimony of a state forensic scientist recently came under scrutiny, according to a newspaper report. Christopher Youngkin was involved in a 2013 lab error in which two blood …

Texas Health Clinic Owner Sentenced for Workers’ Comp, Insurance Fraud

The owner of a Houston health clinic pled guilty to insurance fraud after billing for medical services – often provided to injured employees – despite having no licensed medical staff at the clinic, the Texas Department of Insurance reported. Instead, …

New California Workers’ Comp Law on Excluded Employees Causing Headaches

In advance of a possible headache brewing for workers’ compensation providers, California Insurance Commissioner Dave Jones on Monday notified all workers’ comp insurers writing policies in the state about changes to procedures related to excluded employees created by a new …

Earthquake Policy Sales up, and May Continue to Rise Following ShakeOut

It’s still a few days until the annual Great ShakeOut earthquake drills during which people in homes, schools, and organizations practice what to do during earthquakes – the events encourage preparedness and buying policies – but sales of earthquake policies …