Monthly Archives: <span>April 2017</span>

Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re

The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is likely to …

Florida Lawmakers Move Toward Repealing PIP Mandate

Florida may change the kinds of auto insurance drivers must purchase. The Florida House on Wednesday voted 89-29 to repeal a requirement that motorists carry a type of auto insurance known as personal injury protection. Under Florida’s no-fault insurance law …

Coal Mining Company Proposes Turning Kentucky Mine Into Solar Farm

A former strip mine would be converted into a solar farm under a proposal announced Tuesday by an Appalachian coal company that says it wants to place hundreds of thousands of panels in the Kentucky mountains. The Berkeley Energy Group, …

Private Firms Lose Privacy When Liability Battles Reach Courtroom

“It’s like a Kardashian episode.” That outburst from an unidentified person spoke to the fact that private companies can make their affairs very public in bitter courtroom battles over management liability. The comment came during a panel discussion entitled “Is …

Florida Battle for Ridesharing Regulations Nears End of Long Road

After a four-year battle in the Florida Legislature, lawmakers on Wednesday passed statewide regulations for ridesharing companies like Uber and Lyft that would undo a patchwork of local rules across the state. “Florida’s patchwork of ridesharing regulations is finally history,” …

Research Group Pegs Cost of Memphis Roads to Drivers at $2K a Year

A new report issued by a nonprofit organization says Memphis roads cost drivers more than any other in Tennessee. WMC-TV reports that national transportation research group TRIP evaluated road congestion and bad road conditions leading to car repairs or crashes …

Main Street America Promotes Frazier to SVP; Appoints 3 New Company Officers

The Main Street America Group has made changes to its personnel, including promoting Tom Frazier, the company’s chief investment officer, to senior vice president. Frazier has been a Main Street America vice president and its chief investment officer since 2011. …

Houston’s Platform Partners Acquires Voluntary Benefits Firm, Beneplace

Platform Partners LLC (Platform), a private company headquartered in Houston, has completed the acquisition of Beneplace LLC (Beneplace), markets and distributes voluntary employee benefits and employee discount programs serving Fortune 1000 companies, large associations and government agencies. Founded in 1995, …

Appeals Court Affirms Texas Physician’s Workers’ Comp Fraud Conviction

The Third Court of Appeals in Austin, Texas, has affirmed a trial court’s 2014 conviction of Howard Douglas, III, M.D., of Frisco on felony fraud charges, according to Texas Mutual Insurance Co. Douglas was convicted and sentenced to five years’ …

Texas Stamping Office: ‘Industrial Insured’ Bill Passed by House

The Texas House of Representatives has approved House Bill 1559, which creates an exemption for entities classified as an “industrial insured,” the Surplus Lines Stamping Office of Texas reported. The measure has been referred to the Senate Administration Committee. If …