Insurers including Progressive Corp. and Allstate Corp. have stopped issuing policies on new cars in certain Florida counties, hindering vehicle sales days before Hurricane Irma is forecast to hit the state. The companies may be overreacting to losses incurred last …
Amanda Spartz nearly did not renew her home’s flood insurance policy after her first year in Florida. Two hurricanes came close to the Fort Lauderdale suburbs last year, but they didn’t hit and her home isn’t in a high-risk flood …
Regulators must do more to help mom-and-pop investors better understand the potential risks posed by cyber crime and new technologies used to commit fraud, U.S. Securities and Exchange Commission Chairman Jay Clayton said on Tuesday. Clayton, who was appointed to …
NFP, an insurance broker and consultant that provides employee benefits, property & casualty (P&C), retirement and individual private client products, has acquired Beacon Insurance Group, Inc., of South Carolina. The transaction closed effective Aug. 1, 2017. Based in Bluffton, S.C., …
Florida hasn’t suffered a category 5 storm since Hurricane Andrew hit the north Miami area on Aug. 24 1992, but the risk of such a storm has not gone away or even declined. In fact, the state’s risk of destruction …
As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market capitalization dwarfed by industry giants like Allstate Corp. and …
The Nebraska Department of Insurance announced it is replacing the current motor club line of authority on the producer license with a new motor club representative license type, effective Sept. 13. With the change, the initial license fee will drop …
Tom Humphreys, director of the Risk Management and Insurance Center at Olivet College in Olivet, Michigan, has been appointed to the Michigan Auto Insurance Placement Facility’s board of governors. Humphreys, who holds the CPCU, CLU, ChFC and CIC professional designations, …
The California Workers’ Compensation Insurance Rating Bureau’s governing committee on Wednesday voted to amend the WCIRB’s Jan. 1, 2018 pure premium rate filing that has already been submitted to the insurance commissioner. The vote to amend the filing was based …
Woodruff-Sawyer & Co. has named Jeanna Madlener vice president, account executive/producer at the firm’s Oregon property/casualty practice. Madlener specializes in risk management and coverage placement for mid-sized to large U.S. companies. She works with clients in a variety of industries …
