Features

Texas Windstorm Insurer’s Rate Hike Request Denied

Texas regulators in early January rejected a request for a 5% rate increase by the state’s insurer of last resort for wind and hail for properties along the Texas coast. The Texas Department of Insurance denied the Texas Windstorm Insurance …

Tougher Rules for Louisiana Car Accident Lawsuits in Effect

Louisiana motorists filing car accident lawsuits will encounter tougher rules to win damage awards, under a new law championed by the state’s business lobby that took effect Jan. 1, a law that backers hope will lower the state’s hefty insurance …

Florida’s Citizens Ends Moratorium on Cancellations, Nonrenewals

After extending the moratorium on cancellations and nonrenewals put into place at the start of the pandemic, Citizens Property Insurance Corp. has announced it will resume processing these as of Feb. 1, 2021. The Florida insurer of last resort said …

California Insurance Agents Arraigned in $687K Grand Theft Scheme

Licensed insurance agents Robert Farmer, 65, of Camarillo, Calif., and Marion Urcan, 67, of Agoura Hills, Calif., were arraigned in mid-January in Los Angeles County Superior Court on multiple counts of grand theft after allegedly accepting over $687,000 in insurance …

Across the Country, Capitol Hill Rioters Face Repercussions at Work

A printing company in Maryland saw the photo on Twitter the night of Jan. 6: an employee roaming the halls of the U.S. Capitol with a company badge around his neck. He was fired the next day. Others are facing …

Drone Maker Settling for $25M in Military Gear Parts Suit

Aerial drone manufacturer, Insitu, in Bingen, Washington, will pay $25 million to settle allegations that its military drones were outfitted with used components instead of new ones. U.S. attorney Brian Moran said cases such as this one should be seen …

Bridging the Diversity Gap

Experts on the topic of diversity in the insurance industry say there hasn’t been enough done to attract or retain talent from the Black community. In a recent Insurance Journal webinar, “How the Insurance industry Can Be An Active Ally …

Navajo Nation Reaches Settlements with Mining Companies

The Navajo Nation’s Department of Justice announced in mid-January it settled with mining companies to resolve claims stemming from a 2015 spill that resulted in rivers in three states being fouled with a plume of arsenic, lead and other heavy …

Dear Insurance Agency: Never Say This to a Potential Producer During An Interview

There are a lot of moving parts to hiring a producer like timing and money. Where I see insurance agencies get into trouble during interviews is saying things that are real “headscratchers” to candidates. Producers assume that you’re in the …

New California Trade Group Targets Illegal Workers’ Comp in Staffing Industry

The California Staffing Agency Reform Association has been established by staffing industry leaders to “clean up” the worker’s compensation marketplace for staffing. Cal-SARA, a new nonprofit, trade association, has been formed to deal with a market that is “inundated with …

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