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How New York Insurance Broker Has Used Social Media

To the 77 percent of independent insurance agencies that don’t have a social media presence, creating a profile and trying to form “friendships” via a computer can be daunting. Once an agency gets online, however, tools such as blogs, Facebook, …

Measure to Privatize Oklahoma’s Compsource Dead for the Year

The author of legislation authorizing the sale of Oklahoma’s workers’ compensation insurance agency said he does not have enough votes to pass it in the state House and that the bill appears dead for the year. But Rep. Dan Sullivan, …

American E&S Creates Package Program for Financial Institutions

American E&S (AES) Insurance Brokers has designed an exclusive Bank Package Program that will provide bankers’ professional liability, directors and officers, and bond coverage for financial institutions nationwide. AES designed this facility for community banks, but there are no qualification …

Dumm Named Chairman of National Alliance Board

Professor Randy Dumm, Ph.D., of Florida State University, in Tallahassee, Fla., has been named the new chairman of the board for Austin, Texas-based The National Alliance for Insurance Education & Research. The National Alliance also named four new board members: …

Midlands Management Launches Data Breach Coverage

Midlands Management Corp., an operating subsidiary of PMA Capital Corp., has started a new program with data breach coverage. It is designed for clients in industries that are data intensive and required to comply with stringent regulations and laws governing …

Calif. Workers’ Comp Insurer Records $143 Million Net Income for 2009

The California State Compensation Insurance Fund, reported it ended 2009 with $1.25 billion in net premium earned, and $143 million in net income, compared with $75 million in net income earned in 2008, Doug Stewart, interim president and CEO announced. …

Allstate to Refund $428K over Missed Discounts for Delaware Drivers

Allstate will be refund $428,355 to 2,445 Delaware policyholders who had not received discounts on their automobile insurance premiums to which they were lawfully entitled, the state’s insurance commissioner said. All of the affected policyholders had successfully completed Department of …

Young Adults, Men, High-Earners Top Users of Social Media for Insurance

A new survey suggests insurers looking into the use of social media for promotion and customer interaction would be smart to target young adults, men and high-income earners. These groups are the most likely to already use social media for …

New York’s ‘Ground Zero’ Workers Reach Settlement with Insurer

Thousands of workers who suffered health problems after the Sept. 11 attacks in 2001 have reached a settlement worth up to $657.5 million with an insurer representing the city of New York, city officials and lawyers said Thursday. Thousands of …

Impasse over Unemployment Tax on Businesses Continues in Indiana

The full Indiana House returned to the Statehouse on March 10 after a five-day break, but partisan differences remained over an unemployment insurance tax bill as a March 14 deadline for adjournment loomed. Democratic House Speaker Patrick Bauer of South …

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