Cover Story

Agency E&O Before and After the Storm

For independent agents, errors and omissions (E&O) allegations can surface any day or week but the risk is heightened in the days following natural catastrophes. “After the storm passes over and the claims start to come in, the risk for …

Brokers Bucking Disruption: How Wholesalers Hang On Through Change

As long as there is an insurance industry, wholesaler brokers believe they will have a role to play. “We will continue to be an important sector – a small sector – but still a very important sector of how insurance …

2017 Super Regional Property/Casualty Insurers Revealed

Once again, Demotech Inc., the official research partner of Insurance Journal, identified the nation’s Super Regional Property/Casualty Insurers — P/C insurers writing multiple lines of insurance in multiple states. To determine the companies for the 2017 Super Regional Property/Casualty Insurer™ …

There’s No ‘Typical’ Day at Work for Whirlpool’s Director of Risk Management

How do you incorporate a sustainable and cohesive enterprise risk management system across a company that has nearly 100,000 employees, 70 manufacturing and technology research centers located in 170 countries around the world, and $21 billion in annual sales? It’s …

Illinois’ Cost per Workers’ Comp Claim Trending Down

The average total cost of a workers’ compensation claim in Illinois has dropped by 6.4 percent since 2010, but the state still has relatively high costs per claim, according to a report by the Workers Compensation Research Institute (WCRI). The …

Storm-Related Arkansas Crop Losses Estimated at $64.5M

Flooding and severe weather this year have caused an estimated $64.5 million in damage to Arkansas croplands, according to the University of Arkansas System Division of Agriculture. Some 937,000 acres of cropland have been battered this year in Arkansas. Soybean …

Insurance Industry-Backed Storm Damage Bill Passes Texas House

The passage in the Texas House of a bill limiting liability for property insurance companies sued by policyholders following weather related events has given the insurance industry, which lobbied strongly for the bill, reason to celebrate — at least for …

Florida Fails to Pass Workers’ Compensation Reform

Florida businesses shouldn’t expect relief for workers’ compensation rates, this year at least. The Florida Legislature failed to pass legislation this session addressing 2016 decisions by the Florida Supreme Court that sent the state’s workers’ comp system into disarray and …

Florida Lawmakers Once Again Fail to Pass AOB Claims Reform

Florida lawmakers have once again let slip an opportunity to address insurance claims abuse, as legislation failed to make it through the Senate before the 2017 legislative session ended. This is the fifth consecutive year that a bill on curbing …

Crumbling South Carolina Roads Cost State Nearly $50M in Driver Claims Since 2010

Taxpayers are spending more to settle claims for vehicles damaged and wrecked on South Carolina’s crumbling roads. The State newspaper reported that South Carolina has spent nearly $50 million since 2010 to settle lawsuits and claims for vehicle damage and …

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