Articles by Stephanie K. Jones

Michigan Workers’ Comp Costs Drop, Employment Rises

Michigan has had some positive developments on the employment and workers’ compensation fronts lately and state officials are eager to share the news. Workers’ comp costs for employers in Michigan have dropped by nearly 28 percent since 2011 and the …

Lawmakers Likely to Try Again to Reform Michigan’s No-Fault System

Michigan has some of the highest auto insurance rates in the country and auto insurance rate hikes there were higher than those in any other state over the past two years, according to the insurance consulting firm, Perr&Knight. Some see …

Jury Verdict Favors Texas Insurer in Hidalgo County Hail Claim Case

A Texas-based insurance company has prevailed in the first lawsuit to go to trial over claims from two massive hailstorms in Hidalgo County, Texas, in 2012. The 12-member jury in Amaro v. National Lloyds found that National Lloyds Insurance Co. acted in good faith …

Insurance ‘Geek’ Boggs Pursues ‘Light Bulb’ Effect as Academy Expands

Some people call it the “light bulb effect” — that point in a learning experience when a previously opaque concept suddenly seems crystal clear. For Christopher J. Boggs, that light bulb effect is the most gratifying aspect of his job …

Transportation Network Company Insurance Bill Passes Oklahoma Senate

A bill addressing the insurance requirements of transportation network companies (TNCs), or rideshare organizations, and their drivers has passed the Oklahoma Senate by an overwhelming majority vote of 40-3. SB 436, the Transportation Network Act of 2015, sets coverage requirements, …

Capital Ownership, Cost a Challenge for Insurance Industry: Berkley CEO

The U.S. economy is evolving in many ways, most significantly when it comes to both the cost of capital and the ownership of capital, and that change in capital ownership is a challenge for the insurance industry, according to William R. Berkley, chairman …

Jury Verdict Favors Texas Insurer in Hidalgo County Hail Claim Case

A Texas-based insurance company has prevailed in the first lawsuit to go to trial over claims from two massive hailstorms in Hidalgo County, Texas, in 2012. The 12-member jury in Amaro v. National Lloyds found that National Lloyds Insurance Co. …

State Farm to Pay $352.5M to Settle Texas Residential Overcharges Case

A settlement has been reached in a long-running dispute between the nation’s largest homeowners insurer and the state of Texas over premium overcharges. The Texas Office of Public Insurance Counsel (OPIC) announced on Feb. 27 that under a settlement with …

Berkley: Google’s Entry Into Auto Insurance Should Frighten Agents

That Google is getting into auto insurance should have the voice in the head of every agent who sells personal auto coverage saying: “Be afraid, be very afraid.” OK, that’s not exactly how W.R. Berkley Corp. CEO William R. Berkley put it …

State Farm to Pay $352.5M to Settle Texas Residential Overcharge Case

A settlement has been reached in a long-running dispute between the nation’s largest homeowners insurer and the state of Texas over premium overcharges. The Texas Office of Public Insurance Counsel (OPIC) announced Feb. 27 that under a settlement with State Farm subsidiary, …