Declining costs, the availability of cloud storage and the rise of telematics will likely increase predictive analytic adoption rates, according to Dan Donovan, assistant vice president of Claims Solutions at Verisk Insurance Solutions. Though predictive modeling has been used for …
Insurance agencies that stress “soft” benefits have the upper hand in recruiting workers in today’s competitive job market. Employees are increasingly seeking out “soft” benefits in addition to traditional “hard” benefits from their employers. While employees still greatly value salaries, …
Salaries for insurance agency management, owners, principals and producers were up in 2016. Total compensation for support staff also increased, although not by as much as they did the year before. That’s according to Insurance Journal’s 2017 Agency Salary Survey, …
A fire that destroyed a South Texas mosque has been ruled arson, but federal investigators found no early evidence of a hate crime. The Bureau of Alcohol, Tobacco, Firearms and Explosives in Houston did not reveal the nature of the …
When is a fence a “dwelling” structure for insurance coverage purposes and when is it an “other structure?” The Texas Supreme Court, relying on disputed language in a Liberty Mutual Insurance Co. homeowners policy, found that a fence is a …
In his state of the state address, Texas Gov. Greg Abbott gave a boost to the insurance industry’s effort to get legislation passed that would place limits on post-hailstorm litigation. Calling lawsuits against insurers following hailstorms “the newest form of …
The National Weather Service confirmed that an EF3 tornado on the enhanced Fujita scale, with winds between 136 mph and 165 mph, touched down in East New Orleans on Feb. 7. The twister was reported to have caused widespread damage …
The Texas Division of Workers’ Compensation (DWC) is offering a temporary grace period to those employers who have not met workers’ compensation reporting requirements in the past — allowing them to report between Feb. 1 and April 30 without any …
U.S. Risk, a global property/casualty wholesaler and managing general agency based in Dallas, named Wayne H. Carter III as president of U.S. Risk Underwriters Inc., its programs group. Carter assumes senior level management responsibilities for all the U.S. Risk proprietary …
The Environmental Protection Agency told Oklahoma regulators last November to do more to protect the state from a surge in earthquake activity that scientists have linked to the underground disposal of oil and gas wastewater. An EPA administrator sent a …
