A massive hailstorm that moved through the Amarillo, Texas, area on May 28 has resulted in $500 million in insured losses to the panhandle region. The final figure was released by the Property Claim Services of the Insurance Services Office …
For the eighth year in a row insurance spokesmen will team with the Texas Department of Insurance and meteorologists from the National Weather Service to advise Texas coastal residents of the potential dangers of hurricanes. This year’s message is Hurricanes …
Lake Mary, Fla.-based AssuredPartners Inc., through its subsidiary Herbert L. Jamison & Co., completed the acquisition of AxisPointe Inc., an independent employee benefit advisory firm located in West Orange, N.J. AxisPointe offers employee benefits products and services; business and individual …
Jeffrey S. Grange has been appointed head of Management Liability and Professional Lines for QBE North America, which plans to launch a directors and officers (D&O) liability division. Grange has 25 years experience in management liability and professional areas. He …
Florida’s state-backed property insurer has tapped a Connecticut-based firm to operate a new clearinghouse where new and renewal policyholders will be shopped to the private market before they are eligible for coverage. The Citizens Property Insurance Corp. board of governors …
A jury says an insurance company must honor the policy of a Vermont man who was convicted of murder in a drunken driving crash that killed a woman in 2010. The insurance company GEICO had filed a lawsuit in U.S. …
PMC Insurance Group, a Needham, Mass.-based workers’ compensation wholesale broker, hired Bill Nagel to manage and lead PMC’s recently launched staffing services practice unit. Nagel brings to his new role over 30 years of experience in the workers’ comp and …
The emergency management chief for the United States is warning that Floridians are in “denial” about the threat posed by hurricanes. Craig Fugate is the administrator for the Federal Emergency Management Agency. He said many Floridians wrongly believe they have …
A southern West Virginia coal company contractor has been charged with conspiring to defraud the federal government. Aracoma Contracting LLC of Williamson is accused of structuring cash withdrawals in increments of $10,000 or less from its accounts at the Bank …
Software patents are the biggest reason behind a rise in litigation over inventions, especially against companies that use the technology, the U.S. Government Accountability Office found. Its study, required under a law passed in 2011 that overhauled the U.S. patent …
