Features

Insurer Sues Owners of Iowa Burned Building

An insurance company that owns structures next to a downtown Younkers, Iowa, building ravaged by fire last year has a filed a lawsuit against the building’s owners and the companies responsible for its renovation. In the lawsuit, EMC Insurance alleges Johnston-based …

MetLife to Pay Gov’t $123M in Settlement

MetLife’s home lending unit will pay $123.5 million to end an investigation into allegations it gave government-backed mortgages to people who didn’t meet federal requirements. The Justice Department said that MetLife knew the business was issuing hundreds of loans that …

Changes to Kansas Workers’ Comp System Raise Lawsuit Fears

A change to the state system for paying medical bills and lost wages for injured workers in Kansas has some fearing big lawsuits and others looking forward to cost savings. On Jan. 1, the state began rating injuries using an …

N.H. Issues Guidance on Producer Compensation

The New Hampshire Insurance Department recently issued a bulletin on permissible forms of insurance producer compensation. “We had received inquiries from producers and wanted to provide helpful guidance for them,” a New Hampshire Insurance Department spokesperson said of the bulletin. …

Missouri FAIR Plan Now Offers Sinkhole Coverage

Missourians can now purchase sinkhole coverage through the FAIR Plan, the Missouri Department of Insurance reported. The plan started issuing the standalone Sinkhole Loss policy earlier this year to supplement an applicant’s primary coverage. The FAIR Plan coverage will insure …

FEMA Sets Up Review Process for Sandy Flood Claims

In wake of allegations that some insurers in the National Flood Insurance Program (NFIP) may have denied or underpaid Superstorm Sandy flood claims based on falsified engineering reports, the Federal Emergency Management Agency is now prepared to review “every flood …

E&O Insights: Do You Have Clients That Will Be Buying or Selling?

While most agents are aware that mergers and acquisitions are hot topics in the world of insurance agencies, insurance is not the only segment of our industry affected. In many communities, hospitals, accounting firms, real estate firms and law firms …

Bill to Presume Conn. Firefighters’ Cancer Is Work-Related

Connecticut state lawmakers are considering legislation that would presume firefighters who have cancer most likely got it from their jobs, easing claims for insurance or workers’ compensation. The science supports firefighters’ argument, Waterbury Deputy Fire Chief Richard Hart, political affairs …

Building a Culture of Innovation

Looking for the next great business concept? Searching for a breakthrough idea in workplace processes? Your organization is not alone. According to a study conducted by The Conference Board, promoting innovation is the top challenge companies are facing. With today’s …

Conn. Revisits Workers’ Comp for First Responders With PTSD

Connecticut’s General Assembly is revisiting whether to grant workers’ compensation coverage for certain first responders suffering from post-traumatic stress disorder, such as those who responded to the mass shooting at Sandy Hook Elementary School. Following a couple years of consecutive …

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