Daily Archives: <span>May 15, 2017</span>

Louisiana Worker’ Comp Rates Are Down, but Costs per Claim Growing

Workers’ compensation rates decreased statewide in Louisiana on May 1 by 9.8 percent, marking the fourth year in a row rates have dropped in that state, according to insurance regulators. In January, the Louisiana Department of Insurance reported the insurance …

People – South Central

Workers’ compensation insurer, Texas Mutual Insurance Co., named Jeremiah Bentley as vice president of marketing and customer engagement. He joined Texas Mutual in 1998 and has served in a variety of roles across the organization. Most recently, he was the …

Massachusetts Court Sides with Norfolk & Dedham in Personal Injury Suit

The Massachusetts Appeals Court has upheld a Superior Court decision that defendant, Norfolk & Dedham Mutual Fire Insurance Co., did not engage in unfair settlement practices in its handling of a personal injury claim. The court also reversed the portions …

Q&A: Art Theft and Its Impact on the Insurance Industry

Bill Anderson, a managing partner of Brooklyn, New York-based Art Guard, recently spoke with Insurance Journal about issues related to insurance and artwork. Anderson has observed that roughly more than 50 percent of art thefts occur at private homes, and …

Chubb’s Oldest Active Subsidiary Receives Pennsylvania Historical Marker

Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary company. The marker was unveiled during a ceremony at Chubb’s office in …

Zurich Makes a Difference in the Lives of Philadelphia Families

Property and casualty insurance provider Zurich North America has made a $10,000 donation to the Philadelphia Ronald McDonald House. The donation was announced at a dinner for Zurich customers on April 25 during the Risk and Insurance Management Society (RIMS) …

Massachusetts Court Reverses Ruling in Rotten Seafood Coverage Dispute

The Massachusetts Appeals Court has reversed a lower court’s ruling in a case examining whether damage to scallops at a seafood processing facility, when the cause of damage is unknown, constitutes an occurrence within a commercial general liability (CGL) policy. …

People – East

Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired William F. Gross as executive vice president of commercial lines. Gross, who works out of the Natick office, brings more than 17 years of insurance and sales experience …

Crumbling South Carolina Roads Cost State Nearly $50M in Driver Claims Since 2010

Taxpayers are spending more to settle claims for vehicles damaged and wrecked on South Carolina’s crumbling roads. The State newspaper reported that South Carolina has spent nearly $50 million since 2010 to settle lawsuits and claims for vehicle damage and …

Florida Fails to Pass Workers’ Compensation Reform

Florida businesses shouldn’t expect relief for workers’ compensation rates, this year at least. The Florida Legislature failed to pass legislation this session addressing 2016 decisions by the Florida Supreme Court that sent the state’s workers’ comp system into disarray and …