Omaha, Neb.-based workers’ compensation carrier FirstComp Insurance Co. has landed a spot Inc. magazine’s 23rd annual list of the 500 fastest-growing private companies in the country. FirstComp, which serves small- and medium-sized businesses through independent agencies, was awarded its first-ever …
South Dakota draft legislation regarding credit scoring is unnecessary, burdensome and would open the door for even more restrictive alternatives in the legislature if introduced, a leading industry representative has told Insurance Director Gary Steuck. The draft legislation, DRR26, would …
Deciding an issue never settled before in South Dakota, the state Supreme Court said Thursday that secondary, umbrella insurance does not kick in until another insurer’s primary coverage has paid its full limit. The unanimous ruling came in a case …
The vote tallies in the presidential and congressional races suggest this is a blue region (with the exception of Virginia) but that is probably not true of the insurance community here or elsewhere. Purple, maybe; blue, doubtful. Blue voters can …
Nuts & Bolts: Chicago-based wholesaler Noodle Specialty Brokers has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” The products are available via appointed wholesalers in 17 states and the District of Columbia, and are geared …
Craig Streem Aon Corp., the world’s No. 2 insurance broker, has named Craig A. Streem to the position of vice president and head of investor relations. Streem was most recently vice president of corporate relations and communications for Household International, …
A National Association of Insurance Commissioners report comparing auto insurance rates in all 50 states and the District of Columbia found that North Carolina ranks eighth in the nation for the lowest rates. This is an improvement over the ninth-lowest …
Marking the first formal congressional inquiry since allegations of abuse in the commercial insurance brokerage industry emerged last month, U.S. Senator Peter Fitzgerald (R-Ill.) will chair a Senate subcommittee oversight hearing of insurance brokerage practices on Tuesday, Nov. 16, at …
The Malvern, Pa.-based American Institute for CPCU has named Michael P. Holm its new Midwestern region marketing director. Holm is responsible for marketing activities that involve maintaining relationships with organizations that use and teach Institute courses, developing new customers, and …
Groups for and against capping noneconomic damage awards for medical malpractice both claimed that a Wyoming Healthcare Commission report upholds their positions. The study suggests that capping noneconomic damages at $250,000 could reduce insurance company losses by 15 percent. The …
