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EPIC Adds Principal Jeffery in Southern California

Edgewood Partners Insurance Center has added Dawn Jeffery as a property/casualty insurance producer in its Inland Empire division in Southern California. Her responsibilities will include the acquisition of new clients as well as the design, placement and oversight of risk …

Judge Orders Settlements in D.C. Metrorail Crash Unsealed

A federal judge has ordered the unsealing of settlement agreements involving a deadly Metrorail crash. U.S. District Judge Reggie Walton says the 2009 Red Line crash, which killed nine people, represents “a matter of significant public concern” and that the …

Florida Regulator McCarty Answers CFO Over Reinsurance Costs

Florida’s insurance regulator, in response to questions why lower reinsurance costs have not translated into reduced homeowners rates, said insurers have significant leeway in how they incorporate those costs into rates and any changes can take a significant amount of …

Oklahoma Lawmakers Want Special Session on Business Legal Liability

Spokesmen for the leaders of Oklahoma’s House and Senate said the lawmakers want the governor to call a special session “sooner rather than later” so that the Legislature can consider restoring laws overturned by the state Supreme Court that were …

Wisconsin Supreme Court Narrows Definition of ‘Occurrence’

Public policy and insurance law allow insurance coverage only for fortuitous events and not for harm or loss resulting from intentional acts. To this end, insurance policies provide coverage when an injury or loss is caused by an “occurrence” which …

Property Losses Rose for U.S. Captives in 2012: A.M. Best

Captive insurance companies tightened margins and used capital more efficiently in 2012, according to research by ratings firm A.M. Best Co. Among A.M. Best’s captive composite, the loss and loss adjustment expense ratio decayed 5.7 points compared with 2011, due …

N.Y. to Deploy More Troopers, Unmarked Patrol Cars This Week to Target Speeders

New York Gov. Andrew Cuomo on Aug. 11 announced a week-long New York State Police enforcement initiative that will target speeding and aggressive drivers across the state. The “Speed Week” campaign runs from Aug. 10 – 17 and coincides with …

Combined Insurance Survey Reveals Top Job Differentiators for New Agents

A survey by Illinois-based Combined Insurance of more than 400 of its new sales agents reveals that sales training and career advancement opportunities rank top when applying to and choosing an insurance sales employer, the company announced. Combined Insurance provides …

Data Shows Decline in Boat Thefts in Ohio

Authorities say recently released statistics show boat thefts in Ohio continued to decline last year. Data compiled by the nonprofit National Insurance Crime Bureau shows that about 95 boats and other watercraft were reported stolen in Ohio in 2012. That’s …

Texas Automobile Insurance Plan Association Rates to Rise

Rates charged for private passenger automobile insurance provided through the Texas Automobile Insurance Plan Association (TAIPA) will increase overall by 5.6 percent, the Texas Department of Insurance reports. New rates for TAIPA private passenger and commercial automobile insurance will be …

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