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Tennessee Insurance Producer Fined $400K for Misappropriation of Client Premiums

The Tennessee Department of Commerce and Insurance (TDCI) has taken disciplinary action against Carey R. Carroll, Jr., a Knoxville-based former Tennessee insurance producer who was found to have violated multiple provisions of Tennessee law resulting in a $400,000 penalty and …

Today’s Climate of Crime, Safety and Security at Schools, Colleges

One in every 5 middle and high school students has complained of being bullied at school and the number of reports of sexual assault on college campuses has more than tripled over the past decade, according to a federal study. …

Cyber Insurance Sales Continue to Grow, Prices Stabilize, Brokers Report

Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers. According to the survey of about 100 commercial lines brokers, about 32 percent of …

Patients on Opioids Before Knee Surgery Have Worse Pain Outcomes

Six months after knee replacement surgery, pain outcomes were not as good for patients who previously took prescription opioids, according to a study in the May 17 issue of The Journal of Bone & Joint Surgery. “Our results should be viewed as a …

WannaCry Attack Could Be Opportunity for Cautious Insurance Industry: A.M. Best

According to a rating agency A.M. Best, the the recent WannaCry ransomware attack could be a benefit to the insurance industry if it leads to better-crafted policies with clear language that provide the desired protection for policyholders. A.M. Best said …

California Commissioner Lowers Workers’ Comp Pure Premium

California Insurance Commissioner Dave Jones issued a revised advisory pure premium rate, lowering the benchmark to $2.02 per $100 of payroll for workers’ compensation insurance effective July 1. This is 16.5 percent less than the average pure premium rate of …

California’s Comp Insurers Had 5.1% More in Direct Written Premium in 2016

California workers’ compensation insurers wrote $12.96 billion in direct written premium last year, an increase of $628 million, or 5.1 percent, from the prior year, according to new data from the National Association of Insurance Commissioners released by the California …

Louisiana Getting Another $51M in Federal Flood Aid

Louisiana’s getting another $51 million in federal dollars to help with recovery from last year’s floods. U.S. Sen. Bill Cassidy announced the latest figure Thursday. He says the U.S. Department of Housing and Urban Development released information about how it …

Ohio Bill Would Limit Access to Workers’ Comp for Workers Here Illegally

The Ohio House has approved a workers’ compensation budget that blocks workers living in the country illegally who get hurt on the job from accessing compensation benefits. The Columbus Dispatch reports the bill was approved after a strong debate. Democratic …

Ohio Steel Plant Faces $280K Fine for Safety Violations

A federal safety group says it has proposed a $280,000 fine against an Ohio steel plant for violations over lead exposure and hazards caused by unsafe machinery. The Occupational Safety and Health Administration announced the proposed fine Friday against Republic …

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