Corporations and their directors and officers are living in fear. Fear of the next financial scandal, the next stock market plunge, the next lawsuit. Fear of bankruptcy. Fear of angry policymakers inside Washington and angry citizens outside their homes. It’s …
A judge on Wednesday approved an agreement that freezes $10 million in assets belonging to the owner of a chimpanzee that mauled a woman. The family of Charla Nash is suing the chimp’s owner, Sandra Herold, for $50 million. Nash …
The Ohio Insurance Institute (OII) says the City of Toledo, and other cities and municipalities considering an additional revenue stream by charging insurers for fire department service runs to local residences should be aware that some personal lines insurers exclude …
Most of Florida’s smaller domestic property insurers have initiated backup financing plans in the event the state-backed hurricane fund can’t meet its obligations right after a major storm hits. Insurance Journal Audio Demotech on Florida Property Insurance: An interview with …
$10,000 The highest per claim deductible being offered under a new Ohio Bureau of Workers’ Compensation deductible program. The program will initially offer five deductible levels: from $500 per claim to up to $10,000 per claim. Private employers have until …
The Ohio Bureau of Workers’ Compensation (BWC) Board of Directors approved a comprehensive update to the State Insurance Fund’s investment policy statement (IPS). The new IPS will provide further diversification within both fixed income and equity investments. “Sound, safe investments …
The Professional Insurance Agents Association of Ohio Inc. (PIA) has selected Douglas L. Jackson to serve as director of education. Jackson, a Certified Parks and Recreation Professional (CPRP), comes to PIA after working more than six years as director of …
Joseph Petrelli is president of Demotech, an actuarial servicing firm based in Columbus, Ohio. He and his team have been tracking the Florida property insurance market and its domestic startup carriers, in particular, for years. Demotech rates many of the …
The original criteria and objective definition for Super Regional P/C Insurers™ were established in the Feb. 12, 2007 issue of Insurance Journal. Prior to the establishment of an industry-wide definition, a number of property/casualty insurers had referred to themselves as …
In today’s tough economy and prolonged soft market, some insurance firms are likely to get into financial trouble. Smaller wholesalers and managing general agencies (MGA) may be at risk. Their ability to stay afloat with working capital could be a …
