Supply chain management can go a long way in determining the fate of a business. Just ask any businesses that were impacted by the disruption of seafood supply during the BP oil spill in the Gulf of Mexico. And yet …
Marsh U.S. Consumer, based in Urbandale, Iowa, has appointed Mike Shiomos senior vice president. Shiomos will lead the marketing of Marsh HSA Services, which provides health savings account (HSA) solutions for employers. Shiomos brings more than 20 years of healthcare …
The National Association of Insurance Commissioners’ (NAIC) said it began its approval process for its 2011 today, after months of development. The NAIC said its proposed 2011 budget includes total revenues of $75.2 million and total expenses of $75.4 million, …
Allstate has agreed to pay $10 million to 45 states in a regulatory settlement involving its use of claims handling software. New York State Insurance Superintendent James J. Wrynn said the agreement follows an 18-month targeted National Association of Insurance …
When companies go out of business, their leaders often blame something other than their own performance for the failure. Lehman Bros.’s CEO Richard Fuld said his compensation package had nothing to do with his firm’s death in 2008. Ken Lay …
The Iowa Court of Appeals upheld a decision by a lower court that a builder’s risk insurance policy remained in effect after the policyholder transferred the property, by warranty deed, to another party in exchange for that party’s agreement to …
IMS, London American Risk Specialists IMS Insurance Market Solutions acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in …
A developer is trying a last-ditch effort to save the flood-damaged Czech Village neighborhood in Cedar Rapids, Iowa. A survey determined there were 21 of the 150 or so homes damaged in 2008 that could be eligible for the National …
The National Young Agents Committee (YAC) of the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) presented the second annual Young Agents State Liaison of the Year award to Steve Duff, Independent Insurance Agents of Indiana, …
Undoubtedly bills will be filed to strengthen Mississippi’s texting-while-driving ban during the 2011 legislative session, and questions about enforcement are sure to be raised. A law enacted in 2009 banned beginning teenage drivers from sending text messages from behind the …
