The U.S. Federal Aviation Administration said on Friday it had approved the first drone flight beyond the operator’s sight line, a major advance for retailers like Amazon.com Inc. seeking to speed up deliveries by drone. Drone flights are currently required …
ISMIE Mutual Insurance Co. has formed an affinity program partnership with the Kentucky Osteopathic Medical Association (KOMA). Through the program, KOMA members will receive access to ISMIE’s risk management services, premium discounts and other benefits. Physicians coming out of residency …
Tasha Carter, long-time director of the Florida Department of Financial Services’ (DFS) Division of Consumer Services, has been appointed by Chief Financial Officer (CFO) Jimmy Patronis as the state’s Insurance Consumer Advocate, effective August 1. The Insurance Consumer Advocate (ICA) …
U.S. captive insurance companies rated by A.M. Best continued their run of strong financial results in 2018, as well as their outperformance of the segment’s counterparts in the commercial casualty sector, according to an A.M. Best special report. The new …
Aaron is about 5 foot 8 inches, 150 pounds dripping wet and bald. A big-time producer? You wouldn’t think so. But, when you look at his numbers, they are way beyond impressive. Why is that? Is it pure talent? Gift …
Recipe for Disaster “Failing to hold those with serious violations accountable could be a recipe for disaster.” — New York state Comptroller Thomas DiNapoli said, regarding a state audit alleging food safety inspectors in New York state failed to take …
An interesting question came in to the Academy of Insurance recently, edited below for space and to avoid disclosing any identifiable details. “I live in a condo building. A sewage pipe burst, causing damage to my unit and a few …
Step 2 of the claim resolution process involves interpreting policy provisions that are cited as the basis for a claim denial. This step (and Step 3) employs up to 12 interpretive doctrines and 17 largely legal and contractual principles for …
Professional designations are in the DNA of the insurance industry. For decades, we have proudly posted credentials as authentication of commitment and industry knowledge. But learning offers value far beyond the initials after one’s name. The 2018 Best Practices Study …
Somehow, someway, many agency owners do not seem to know that the law regarding vesting plans relative to producer book ownership changed around 15 years ago. That is correct, 15 years ago! This change applies to vesting plans, deferred compensation …
