While it obviously presented challenges, 2020 is looking like it may not have been such a bad year for workers’ compensation insurers and insureds after all. Insurers took in less premium but paid fewer claims. They managed to achieve one …
We’ve learned a lot in the past transformative year. The bottom line is: it’s not enough to just be a broker anymore. Organizations expect their broker partner to get creative (and aggressive) when it comes to guiding their total rewards …
During a routine trip to dump grain into a dump pit, a driver became concerned about the amount of dust rising from the pit. To investigate, he removed both the primary and secondary pit grates — a task that was …
Insurance is a financial product designed to protect consumers’ and businesses’ balance sheets. If your house burns down and you have insurance, the insurance company pays to rebuild the asset known as your house. For insurance to be real, the …
After holding off on approving its 2021 rates in December, Citizens Property Insurance Corporation’s Board of Governors approved rate recommendations that the insurer says will make its rates more competitive with the private market to slow the flow of policyholders …
The vast majority of U.S. small businesses took a hit to their revenue last year because of the coronavirus pandemic, with minority-owned businesses struggling the most and worrying more about accessing credit, according to a Federal Reserve survey released on …
In a year marred by a pandemic, massive Western U.S. wildfires, civil unrest, and a contentious election, California’s surplus lines market “didn’t miss a beat.” That was the message from Ben McKay, CEO and executive director of the Surplus Line …
As of Feb. 1, the National Flood Insurance Program (NFIP) had paid out more than $115 million in flood claims in Louisiana in response to the 2020 hurricane season. That figure is up from the $110 million in NFIP payments …
Officers: Terri Moran, Chair–Paul Hanson Partners Janet Beaver, Vice Chair–Tokio Marine-HCC Casualty Group Rich Gobler, Secretary/Treasurer–Burns & Wilcox Robert Gilbert, Past Chair–Markel West Insurance Services Members: Tim Chaix, R.E. Chaix and Associates James Faley, Vela Insurance Services LLC Hank Haldeman, …
Not only is Tesla moving some manufacturing operations to Austin, Texas, its founder, Elon Musk, is said to be relocating there, and the electric car company will soon be offering its own brand of car insurance in the Lone Star …
