Agents in New Jersey are protesting a state proposal to require originating brokers making surplus lines placements to tell insureds they will receive a portion of the commission. Professional Insurance Agents of New Jersey Inc. President Andrew Anderson told the …
A recent study based on data collected through 2004 shows that workers’ compensation claims frequency is down–yet costs continue to rise. The lowered frequency of claims includes large claims and small claims alike. Tony DiDonato, an actuary with the National …
Associated Press analysis of FBI statistics. Following New York, San Jose, Calif., ranked second in the lowest number of reported crimes, with one crime per 34.46 residents. Los Angeles, the nation’s second largest city, ranked third safest, with about one …
Hawaii’s Department of Commerce and Consumer Affairs’ Insurance Division has created a new Web site: www.hurricaneretrofits.hawaii.gov, which details the State’s Loss Mitigation Grant Program for Hawaii homeowners. Hawaii homeowners who install hurricane retrofits in accordance with the grant program guidelines …
The Pennsylvania Supreme Court has rejected an effort by two high-ranking Republican lawmakers to revive a business-friendly law that would have altered how civil lawsuit awards are paid. In a one-sentence order, the court ruled unanimously that the Legislature violated …
Insurance professionals–brokers, agents and consultants–are faced with increasing demand for their knowledge and expertise in advising venture capital and private equity firms. Venture capital, or VC, is defined by Investorwords.com as “Funds made available for startup firms and small businesses …
1.2 million The number of motor vehicles thefts nationwide in 2005. That’s about 416.7 motor vehicles stolen for every 100,000 inhabitants. $7.6 billion The estimated total property losses due to motor vehicle theft in 2005. That’s an average of $6,173 …
While building a successful agency takes dedication and hard work, it may not be as difficult as you think. A wealth of material exists on the tangible factors and steps necessary for building a successful agency, such as product and …
A company that contracts with State Farm Insurance Co. is suing two former employees who are helping an attorney build cases against the insurer for denying claims after Hurricane Katrina. E.A. Renfroe & Co., a Birmingham, Ala.-based insurance adjusting firm, …
Peak hurricane season has arrived. Despite this season’s slow start, people who live along the coast are constantly aware that the next big storm could take shape at any time. This year, however, everyone is also looking back at one …
