Monthly Archives: <span>February 2019</span>

Employees Have Upper Hand in Today’s Agency Job Market

Owners Must Show Them the Money, Culture and Other Perks As the insurance industry unemployment rate continues to hover at 1.7 percent, which is lower than the national average of 3.9 percent, insurance agencies face stiff competition in the war …

Insurers with Best Service Win More Business from Independent Agents

It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message may not be getting through to some …

Insurers Seek to Deny Boat Owner’s Claim in Rhode Island Case

The National Liability & Fire Insurance Co. and the Boat Owners Association of the United States are suing a Vermont man in federal court in Rhode Island and are seeking to deny his claim on an $85,000 policy for his …

Drone Research Report Reducing Accidents at Crash Sites

Idling in a long highway line of slowed or stopped traffic on a busy highway can be more than an inconvenience for drivers and highway safety officers. It is one of the most vulnerable times for “secondary accidents,” which often …

State Farm to Lower Auto Insurance Rates in Louisiana

Beginning in April, Louisiana customers of State Farm Mutual Automobile Insurance Co. will see a decrease in their auto insurance rates, the insurance department announced. The department reported that Insurance Commissioner Jim Donelon approved the third rate decrease filed by …

Louisiana Insurance Exec Charged with Theft of Nearly $1M

An insurance business owner and former official for a Louisiana port has been arrested for stealing nearly $1 million from his clients, authorities said. Kristian Gaudet, 45, of Cut Off, Louisiana, was charged with two counts of felony theft, The …

Texas Saw Fewer Traffic Fatalities 2018

After seven straight years of increases, the number of traffic fatalities in Texas fell in 2018, the Insurance Council of Texas (ICT) reported. Traffic fatalities in the state dropped 4 percent from 3,720 in 2017 to 3,567 last year, according …

South Central Ratings Roundup

Credit Ratings of Oklahoma Farm Bureau Mutual Group Upgraded Ratings agency AM Best has upgraded the Financial Strength Rating to B++ (Good) from B+ (Good) and the Long-Term Issuer Credit Ratings to “bbb” from “bbb-” for the members of the …

Hearing Scheduled to Settle Rate Dispute with North Carolina Insurers

In response to a filing by North Carolina insurers for a 17.4 percent rate increase in homeowners insurance rates, North Carolina Insurance Commissioner Mike Causey has set a Sept. 4, 2019 hearing date, saying he does not think the rate …

NICB: Alaska Tops List for Snowmobile Thefts

Three areas in Alaska topped the list of most reports of snowmobile thefts in the U.S., according to an analysis of national crime figures. The analysis by the National Insurance Crime Bureau shows Alaska recorded 128 snowmobile thefts from 2015 …