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Insurers Seek 1% Increase in Florida Workers’ Comp Rates

Florida’s employers can look forward to little, if any, change in their 2014 workers’ compensation rates as the state’s industry-backed rating agency has filed for a modest statewide average 1 percent rate increase. The industry’s National Council on Compensation Insurance …

Former Louisiana Deputy Insurance Commissioner Sentenced

A former deputy commissioner at the Louisiana Department of Insurance has received a prison sentence for racketeering, according to Justice Department officials. Acting United States Attorney J. Walter Green in the U.S. Attorney’s Office for the Middle District of Louisiana …

Landrieu: Louisiana Dragging Its Feet on Health Revamp

U.S. Sen. Mary Landrieu of Louisiana said that the resistance of Republican state leaders to the Affordable Care Act was “hurting people” by making it more difficult to carry out the insurance changes required by the federal health care law. …

Agency Predicts Oklahoma Unemployment Tax Break

State employment officials say businesses across Oklahoma can expect a break when it comes to paying unemployment insurance in 2014. The Oklahoma Employment Security Commission announced that many businesses can expect to pay less because of record collections into the …

Berkshire Hathaway Specialty Insurance Hires 2 Execs From Zurich, The Hartford

Berkshire Hathaway Specialty Insurance — the recently launched commercial P/C insurance unit of Berkshire Hathaway — announced on Thursday the appointments of Leo Carroll as senior vice president, healthcare professional liability, and William Sullivan as vice president, construction casualty. These …

Ratings Recap: Electrical Contractors, Al-Sagr, Alliance (UAE)

A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Electrical Contractors’ Insurance Company Limited (ECIC), both with stable outlooks. The ratings reflect ECIC’s “excellent risk-adjusted …

10 Things to Know About Condominiums

1. To adequately insure one’s condo apartment, it is important to review the condo association’s bylaws and proprietary lease to find out which structural parts of the condo units are covered by the association and which are not, the Insurance …

Flight Recorders from Downed UPS Cargo Jet Probed for Clues to Crash Cause

U.S. government investigators were hoping on Friday that cockpit voice and flight data recorders pulled from the wreckage of a UPS cargo jet would help pinpoint the cause of the fiery crash that killed its pilot and co-pilot. The United …

How to Manage the Winds of Change for High Net Worth Clients

As insurance professionals, we’re in the business of anticipating and responding to severe weather. However, heightened activity in recent years points to some startling trends: • Atlantic named storms in the month of June have nearly doubled since 1995. • …

Arizona Legislators Ask Obama to Reconsider Fire Aid

Key Arizona legislators are asking President Barack Obama to reconsider his administration’s denial of the state’s request for federal disaster relief for Yarnell for the Yavapai County community’s wildfire damage. The Yarnell Hill Fire that killed 19 members of a …

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