Insurance Journal » Britton Wells http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Mon, 21 Apr 2014 15:23:11 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 AIC Holdings Appoints Purdy President, CEO of Underwriters http://www.insurancejournal.com/news/east/2011/08/25/212332.htm Thu, 25 Aug 2011 13:53:04 +0000 http://www.insurancejournal.com/?p=212332 AIC Holdings appointed Robert G. Purdy to president and CEO of AIC Underwriters, based in Philadelphia, PA.  Purdy will be responsible for leading the underwriting, marketing and operations strategies for the AIC Underwriters’ middle market workers’ compensations business, including the …

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Maryland Brothers Face Trial for Murder-for-Hire Insurance Scam http://www.insurancejournal.com/news/east/2011/08/24/212160.htm Wed, 24 Aug 2011 13:29:01 +0000 http://www.insurancejournal.com/?p=212160 Opening statements are expected this week in the trial of two brothers accused of carrying out the killing of a blind and mentally disabled man as part of an insurance scam in Baltimore. Jury selection has already begun in the …

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The Hanover Adds D.C. Area Branch Office http://www.insurancejournal.com/news/east/2011/08/24/212150.htm Wed, 24 Aug 2011 13:09:38 +0000 http://www.insurancejournal.com/?p=212150 The Hanover Insurance Group added a new District of Columbia Metro branch office in Reston, Va. Located in the Reston Executive Center at 12100 Sunset Hills Road, the new branch office will address commercial insurance needs of the business communities …

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Allstate Files $5 Million Insurance Fraud Case in New York http://www.insurancejournal.com/news/east/2011/08/24/212139.htm Wed, 24 Aug 2011 12:55:08 +0000 http://www.insurancejournal.com/?p=212139 Allstate Insurance Company is seeking to recover $5 million against 10 New York area defendants in its fourth insurance fraud lawsuit of 2011. Since 2003, Allstate has filed 31 fraud lawsuits in New York State, seeking more than $170 million …

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South Jersey Man Sentenced for Filing False Claim http://www.insurancejournal.com/news/east/2011/08/22/211842.htm Mon, 22 Aug 2011 14:32:53 +0000 http://www.insurancejournal.com/?p=211842 A Cumberland County man was sentenced for filing a false vehicle theft claim. Casey M. Wendling, 28, of Millville, was sentenced to five years of probation by Superior Court Judge Benjamin Telsey in Cumberland Countyand ordered to pay $52,978 in …

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Vermont Contractor Gets 30 Days for No Workers’ Comp http://www.insurancejournal.com/news/east/2011/08/22/211839.htm Mon, 22 Aug 2011 14:29:33 +0000 http://www.insurancejournal.com/?p=211839 The Vermont attorney general’s office said a Williston County contractor was sentenced to 30 days in jail for violating Vermont’s workers’ compensation laws. Donald Bevins, who operated “Twin City Roofing” and “Around the Clock Property Maintenance,” pleaded guilty in June …

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Singer Tom Jones Denies Chest Hair Insurance Report http://www.insurancejournal.com/news/national/2008/02/11/87242.htm Sun, 10 Feb 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=87242 Singer Tom Jones denied a report he bought a $6.8 million insurance policy for his chest hair. The British tabloid, The Daily Mirror, reported the famed singer went to underwriters at Lloyd’s of London with the unusual request and they …

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Failure to Reimburse Claims Expenses Efficiently Impacts Customer Satisfaction http://www.insurancejournal.com/magazines/features/2008/02/10/155647.htm Sun, 10 Feb 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=155647 J.D. Powers’ study says the faster the service the happier the claimant The length of time it takes to repair damages on auto and homeowners insurance claims weighs heavily on customer satisfaction, according to the results of a recent study …

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GAO Urges Changes in Wind, Flood Damage Determinations http://www.insurancejournal.com/news/national/2008/02/01/86958.htm Thu, 31 Jan 2008 00:00:00 +0000 http://www.insurancejournal.com/?p=86958 Government adjusters trying to assess the accuracy of flood claims payments from the 2005 hurricane season were hampered by a lack of access to data on wind damage from the National Flood Insurance Program and private insurers, according to a …

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Study: Failure to Reimburse Expenses Impacts Customer Satisfaction http://www.insurancejournal.com/news/national/2007/12/18/85766.htm Mon, 17 Dec 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=85766 A recent study showed the length of time it takes to repair damages on auto and homeowners insurance claims weighs heavily on customer satisfaction. Multiple claims handlers on the same case irked customers as well. And failure to reimburse out …

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Washington’s 2007 Legislative agenda targets license reform http://www.insurancejournal.com/magazines/currents/2007/02/26/77701.htm Sun, 25 Feb 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=77701 Washington Insurance Com-missioner Mike Kreidler recently promulgated his agency’s proposals for the 2007 Legislative session. Of nine proposals, Sandi Peck, deputy commissioner of public affairs for the Washington commissioner’s office, said HB1533/SB5715 and HB1532/SB5717 were particularly urgent and important to …

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Late storm binge has Western states singing holiday claims blues http://www.insurancejournal.com/magazines/currents/2007/01/08/76124.htm Sun, 07 Jan 2007 00:00:00 +0000 http://www.insurancejournal.com/?p=76124 While the nation was mostly natural disaster-free in 2006, the West suffered a few fourth quarter storms that took the blush off of an otherwise relatively rosy year. Beginning with Thanksgiving and heading into the New Year, the western states …

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Innovations in information technology spur need for up-to-date underwriters http://www.insurancejournal.com/magazines/features/2006/12/11/75245.htm Sun, 10 Dec 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=75245 Insurance Journal in the latest installment of the “How to Write” series on www.InsuranceJournal.com. Saunders has been involved in IT since Shand started writing electric data processors back in 1985. She said the roots of IT reach back the development …

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Washington’s online complaint guide deemed helpful, but incomplete http://www.insurancejournal.com/magazines/currents/2006/11/20/75049.htm Sun, 19 Nov 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=75049 Washington Insurance Commissioner Mike Kreidler has launched a new Web-based tool for insurance consumers, called the annual Complaint Comparison Guide. The Washington guide is designed to allow consumers to search online for their auto, health and homeowners insurance company, and …

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Hawaii’s earthquake losses, not earthquake policies, on the rise http://www.insurancejournal.com/magazines/features/2006/11/06/74392.htm Sun, 05 Nov 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=74392 Estimated damages from the two earthquakes that struck Hawaii on Oct. 15 have been rising. Yet the recent disaster has not spurred homeowners and businesses to purchase earthquake coverage, according the state’s Insurance Commissioner. Two damaging earthquakes struck the northwest …

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Spinach contamination demonstrates need for recall and business interruption coverage http://www.insurancejournal.com/magazines/features/2006/11/06/74284.htm Sun, 05 Nov 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=74284 On Sept. 13, epidemiologists in New Mexico, Wisconsin and Oregon began discussing a cluster of E. coli infections associated with fresh spinach consumption and warned the Centers for Disease Control and Prevention that they suspected fresh-bagged spinach as the source …

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E. coli expedites need for recall and business interruption coverage http://www.insurancejournal.com/magazines/features/2006/11/06/74304.htm Sun, 05 Nov 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=74304 On Sept. 13, epidemiologists in New Mexico, Wisconsin and Oregon began discussing a cluster of E. coli infections and warned the Centers for Disease Control and Prevention that they suspected fresh-bagged spinach as the source of what could potentially become …

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Spinach contamination demonstrates need for recall and business interruption coverages http://www.insurancejournal.com/magazines/features/2006/11/06/74360.htm Sun, 05 Nov 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=74360 On Sept. 13, epidemiologists in New Mexico, Wisconsin and Oregon began discussing a cluster of E. coli infections associated with fresh spinach consumption and warned the Centers for Disease Control and Prevention that they suspected fresh-bagged spinach as the source …

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Innovations in information technology spur need for up-to-date underwriters http://www.insurancejournal.com/magazines/features/2006/11/06/74395.htm Sun, 05 Nov 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=74395 With rapid innovations in the field of information technology, types of underwriting that didn’t exist a few decades ago have become prominent today. For example, companies engaging in information technology businesses face daily exposures from theft or damage caused by …

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Breeding the next generation through internships http://www.insurancejournal.com/magazines/features/2006/10/23/74038.htm Sun, 22 Oct 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=74038 In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example, California State University at Fullerton’s Insurance Leadership Internship Program provides …

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Bustamante and Poizner in the final campaign stretch http://www.insurancejournal.com/magazines/features/2006/10/23/73962.htm Sun, 22 Oct 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=73962 From holding the line on new reforms to reducing uninsured motorists, a fair share of work lurks ahead for California’s soon-to-be-chosen insurance commissioner. Front-runners fighting for the honor of regulating California’s insurance industry and regulatory environment in November’s election are …

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E. coli expedites need for recall and business interruption coverage http://www.insurancejournal.com/magazines/features/2006/10/23/73959.htm Sun, 22 Oct 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=73959 On Sept. 13, epidemiologists in New Mexico, Wisconsin and Oregon began discussing a cluster of E. coli infections and warned the Centers for Disease Control and Prevention that they suspected fresh-bagged spinach as the source of what could potentially become …

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Premium rating errors cost auto insurers more than $16 billion http://www.insurancejournal.com/magazines/currents/2006/10/23/73957.htm Sun, 22 Oct 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=73957 In 2005, the private passenger auto insurance industry lost $16.2 billion because of premium rating error, according to San Francisco-based Quality Planning Corp.’s annual Premium Rating Error report. Data showed premium rating error represented 9.9 percent of the $163 billion …

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Post-hurricane homeowners perspective: change coming to Louisiana http://www.insurancejournal.com/magazines/currents/2006/10/09/73313.htm Sun, 08 Oct 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=73313 A year ago, many home insurers in southern Louisiana refused to write new policies, or left vulnerable coastal community markets in fear of potential losses occurring from future storms. Many companies stopped writing to handle claims still lingering from the …

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Calif. attorney general sues automakers over global warming http://www.insurancejournal.com/magazines/currents/2006/10/09/73767.htm Sun, 08 Oct 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=73767 Automakers should be held liable for contributions to global warming, according to California Attorney General Bill Lockyer. Thus, he recently filed a lawsuit against leading U.S. and Japanese auto manufacturers, alleging their vehicle emissions contribute significantly to global warming, harm …

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Breeding the next generation through internships http://www.insurancejournal.com/magazines/features/2006/10/09/73775.htm Sun, 08 Oct 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=73775 In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example, the California State University at Fullerton’s Insurance Leadership Internship Program …

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California associations, businesses oppose punitive damages bill http://www.insurancejournal.com/magazines/currents/2006/09/25/73174.htm Sun, 24 Sep 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=73174 The American Insurance Association (AIA), Civil Justice Association of California (CJAC), California Chamber of Commerce (CCC) and Association of California Insurance Companies (ACIC) have joined forces to oppose Senate Bill 832, which would mandate 75 percent of punitive damages awards …

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Associations oppose eliminating contingent commissions http://www.insurancejournal.com/magazines/currents/2006/09/04/72603.htm Sun, 03 Sep 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=72603 The attorneys general of New York, Connecticut and Illinois are continuing their fight against anti-competitive practices in the insurance industry. In doing so, they have been finding fault with contingent commissions paid to insurance brokers and independent agents. Agent and …

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Claims myth fuels fear of building skateboarding parks http://www.insurancejournal.com/magazines/features/2006/08/21/72332.htm Sun, 20 Aug 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=72332 Cities across North America often shy away from building skate parks, citing fear of liability as the main reason for pause. However, the Skate Park Association of the United States of America (SPAUSA) shows statistically higher percentages of injuries occur …

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Companies step up to take Texas Select policyholders http://www.insurancejournal.com/magazines/currents/2006/08/07/72121.htm Sun, 06 Aug 2006 00:00:00 +0000 http://www.insurancejournal.com/?p=72121 Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not as dire as previously thought. The company was …

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