Agency growth and performance study reveals higher productivity The latest edition of the Growth and Performance Standards (GPS) study by the Austin, Texas-based National Alliance Research Academy has just been released, giving the insurance industry some new benchmarks for comparing …
Mass. AG Reilly opposes FAIR Plan rate hike Massachusetts Attorney General Tom Reilly has decided to appeal Insurance Commissioner Julianne Bowler’s order allowing the state’s insurer of last resort – the FAIR Plan – to raise home insurance premiums an …
Owners overlook need for business interruption coverage Although most small business owners know they need property and casualty insurance for their premises, many don’t realize they need specialized insurance coverage to limit their losses from a disaster. Perhaps the biggest …
Marsh & McLennan cutting 750 jobs Marsh & McLennan Cos. Inc., the world’s biggest insurance brokerage, said it will cut 750 jobs, consolidate some locations and revamp its information technology structure to cut costs. Marsh & McLennan, which has struggled …
La. Republicans spar in race for insurance commissioner post Republican candidates for Louisiana insurance commissioner traded attacks in a debate on Sept. 11, leveling accusations of improper use of campaign funds and misuse of legislative perks. James David Cain and …
Texas agents urge legislators to address windstorm problems The Texas Legislature’s Texas Joint Committee on Wind-storm Coverage and Budgetary Impact held a public hearing in Corpus Christi in late August, and two of the state’s agent associations-the Independent Insur-ance Agents …
Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance & Guaranty Co. Ltd., announced that an agreement has been reached with a buyer for HIG. At press time, the commissioner’s office said the name of the buyer was …
Oregon voters to decide on credit scoring for insurance Insurance companies can use a person’s gender and age to determine what they pay for insurance. Oregon voters will decide in November if insurers should be able to use a person’s …
Judge: Landowners cannot sue Forest Service over lost homes Bitterroot Valley, Mont., residents who alleged their homes were destroyed when firefighters lit a backburn to slow encroaching flames cannot sue the U.S. Forest Service over their losses, a federal judge …
Employers are paying more attention to worker and workplace safety, which is helping states like Hawaii and Wyoming to reduce its workers’ compensation rates. Hawaii, Washington, Wyoming bringing down workers’ comp rates Hawaii, Washington and Wyoming proposed lowering workers’ compensation …
