It Figures
$45 Billion The rate of obesity in the United States has doubled in the last 30 years, and those extra pounds weigh on companies’ bottom lines, according to a new report from The Conference Board. Today, 34 percent of American …
N.D. Jury Awards Couple More Than $2 Million on Bad Faith Claim
A federal jury has awarded the mayor of a small North Dakota town more than $2 million in a lawsuit over an insurance company’s failure to pay a claim after a fire. Timothy and Sylvia Moore sued American Family Insurance …
People Michigan-based J.M. Wilson recently announced three new staff members, Danielle Crandell, Eric Maus and Jeanne Callan. Crandell was hired as a transportation underwriter. She will service commercial trucking accounts for customers in Ohio, Kentucky, Pennsylvania and West Virginia. She …
Insurers: Colorado Bill Threatens Auto Insurance Savings
The Colorado Legislature is considering a bill that the Property Casualty Insurers Association of America claims would add bureaucratic red tape and costs to the state’s automobile insurance system. House Bill 1389, the Fair Accountable Insurance Rates Act, would create …
New Markets
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …
Study: Workers’ Comp Costs Per Claim in North Carolina Rising Rapidly
Workers’ compensation costs per claim in North Carolina grew 6-14 percent annually throughout the study period, according to the Workers Compensation Research Institute. The Cambridge, Mass.-based WCRI study of 14 states found that double-digit growth in medical costs per claim …
Welch Named Chief Financial Officer at Grange Insurance
Grange Mutual Casualty Co. announced today that Randy Montelone will retire at year end after 29 years of service with the company. Tom Welch, current president of Grange Life Insurance Co., a Grange subsidiary, will be assuming the role of …
Iowa Landlord Charged with Lying During Insurance Fraud Trial
A Cedar Rapids landlord who was convicted of insurance fraud has been charged with lying under oath during his civil trial in January. Robert Miell, 53, was ordered by a federal jury to pay up to $1.5 million to the …
Wisconsin Supreme Court Upholds $500,000 Settlement in Bike Accident
The Wisconsin Supreme Court says an insurance company has to pay $500,000 to a man severely injured in a bike accident. The court has upheld a settlement between Acuity and G. Vaughn Stone. Stone had insurance through Acuity when he …
State-Federal Showdown over Real ID National License Averted
The clash between the states and the federal government over nationwide rules to make driver’s licenses more secure has ended — for now. A truce, of sorts, between the 50 states and the U.S. Department of Homeland Security, has kicked …
