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8 CAA Members Elected to Board of Kansas Agents Group

Combined Agents of America LLC (CAA) announced that eight of its members and agents were elected to the 2015 Kansas Association of Insurance Agents (KAIA) board of directors. Four will serve on the association’s executive committee. Dusty Davis, a broker …

Texas Cotton Farmers Say Farm Bill Provision Saves Crop Insurance

Texas cotton producers say they are pleased to learn the U.S. Department of Agriculture has reconsidered its decision about implementing a provision of the farm bill. The department’s announcement means its Risk Management Agency will calculate production yields for all …

Jury: Texas Company Should Pay $175M in Guardrail Case

A jury has decided that a Texas company should pay $175 million in a case involving the safety of thousands of guardrails on highways around the country. A whistleblower charged that the company changed the design of caps at each …

Prinzing Joins Leavitt Group in Montana

Nick Prinzing has joined Leavitt Great West Insurance Services in the Great Falls, Mont. location and will focus on employee benefits. Prior to joining the agency, Prinzing worked as an advisor customizing comprehensive voluntary disability insurance within benefits programs for …

Global Regulators Set Capital Rules for 9 Too-Big-to-Fail Insurers

Nine too-big-to-fail insurers, including American International Group Inc., Allianz SE and MetLife Inc., must start reporting capital ratios next year using a method presented by regulators today. The International Association of Insurance Supervisors has completed drafting “the first-ever global insurance …

Mercury Agrees to Acquire Workmen’s Auto Insurance in California

Mercury General Corp. has entered into a definitive agreement to purchase of Workmen’s Auto Insurance Co. Both insurers are based in Los Angeles, Calif. The purchase price is $8 million and the transaction is expected to close during the first quarter of …

Workers’ Comp Study Looks at California’s Reforms

When California Senate Bill 863 took effect Jan. 1, 2013, it created several fee schedule changes in the California workers’ compensation system. The Workers Compensation Research Institute has released a study looking at the possible effect of these changes on …

Florida Gov. Scott Seeks Insurance Agents’ Help to Get Out Vote

Florida Governor Rick Scott is urging insurance agents to do their part to get out the vote as the state’s gubernatorial campaign enters its final weeks. Former Republican Governor Charlie Crist is running as a Democrat against Republican Scott in …

Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS

The Ebola virus disease outbreak in West Africa has the potential to be the most deadly infectious disease event since the 1918 flu pandemic, according to a new report by catastrophic risk modeling firm RMS. RMS said the current outbreak …

Early Insured Loss Estimates on Hurricane Gonzalo Up to $400M

Early estimates by catastrophe modeling firms indicate insured losses from Hurricane Gonzalo in Bermuda will come in between $200 and $400 million. EQECAT estimates $300 million in insured losses, about the scale caused by Hurricane Fabian in 2003. Both storms …

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