Why Agencies Should Rethink Compensation The single largest expense in an insurance agency is compensation. Salaries, commissions, payroll taxes and benefits usually total between 50 percent to 75 percent of revenue, with most firms having an expense ratio around 65 …
The U.S. Food and Drug Administration called on Congress to modernize rules for cosmetics safety after it issued an alert warning consumers not to use three cosmetics products sold by Claire’s Stores Inc. because they tested positive for asbestos, a …
3-D Images, Surveillance Video Cameras Help Catch Fakes The physician couldn’t tell what was causing the smudge on a CT scan of his wife’s lungs, so he referred her to a pulmonologist. That would likely have meant a two-week delay. …
National Nashville-based auto insurer The General has appointed veteran insurance executive Tony DeSantis to president and CEO, joining Chief Operating Officer Steve Tjugum as the company’s top leaders. Elicia Azali has been named Marketing senior vice president for the insurer …
Neptune Flood, an all-digital online flood insurance company, has expanded its coverage to residents of Missouri, Colorado, New Hampshire, Rhode Island, West Virginia, and Indiana – bringing the total number of states with access to its flood protection to 27. …
The Florida Legislature met Republican Gov. Ron DeSantis’ deadline to hand him a bill to repeal the state’s ban on smokable medical marijuana when the House passed the legislation Wednesday. While lawmakers aren’t necessarily in favor of allowing medical marijuana …
Federal Emergency Management Agency officials are scheduled to conduct preliminary damage assessments in 54 Tennessee counties affected by flooding caused by a deluge in February. The Tennessee Emergency Management Agency says four weather-related deaths have been recorded after heavy rainfall …
Texas independent insurance agents might want to warn their homeowner insurance customers that premium hikes and/or increases in deductibles could be on the horizon this year. Homeowners insurers have been filing for rate increases in the state over the past …
The Oklahoma Supreme Court has rejected a request by drugmakers to immediately postpone the start of what is expected to be the first state trial in lawsuits accusing the companies of fueling an opioid epidemic. The court instead set a …
North Dakota’s Roman Catholic dioceses are mulling whether and when to release information about priests accused of sexual abuse, even as critics say they are moving too slowly following explosive revelations in Pennsylvania last year. The Bismarck Diocese, the state’s …
