For the third consecutive year, the Louisiana Medical Mutual Insurance Company will be returning a dividend to all LAMMICO policyholders in Louisiana and Arkansas. Nearly 6,000 policyholders will receive a 10 percent dividend of a policyholder’s written premium. The total …
State Sen. Hansen Clarke has jumped into the Michigan governor’s race now that Lt. Gov. John Cherry has decided not to run. Auto insurance reform will likely figure prominently in Clarke’s bid for the governor’s office. The Detroit Democrat said …
A sharply divided Montana Supreme Court has upheld a state law that requires someone planning to sue a bar over liability in a drunken driving crash to notify the bar within 180 days of the crash. The Supreme Court issued …
Bordentown, N.J.-based New Day Underwriting Managers LLC, an environmental and construction-related professional liability resource for insurance agents and brokers, announced it is building its underweriting team by appointing Carole Carretta of Lafayette, Calif., to assistant vice president. Carretta, who will …
On Jan. 6, the WCI Chinese Drywall Trust, an entity formed in bankruptcy proceedings of residential homebuilder WCI Communities Inc., announced it had filed suit against 14 insurance companies seeking indemnification for losses arising from claims related to allegedly defective …
Foremost Insurance Group is offering a new auto insurance program in Maryland that includes increased limit and deductible options. The new program, called DistinctChoice Auto, includes multi-policy discounts (Farmers, Foremost and Zurich Small Business policies qualify) and optional dynamite deductible …
Workplace discrimination charges rose in 2009, reaching the second highest level ever recorded, according to federal officials. The U.S. Equal Employment Opportunity Commission reports that 93,277 workplace discrimination charges were filed with the federal agency nationwide during fiscal year 2009 …
Total property/casualty insurance agency compensation is expected to decrease slightly in 2010, largely due to contingent commission changes, according to a new compensation study. Four out of 10 insurance companies plan to modify their agent compensation plans in 2010 by …
The National Hurricane Center said this week it will begin issuing storm watches and warnings about half a day sooner in the biggest change to its warning system in decades. When a storm is approaching land, forecasters will now send …
Some families in Virginia whose homes were built with suspect drywall from China may be eligible for assistance to help rehabilitate their properties. To qualify, families must have insurance through the Federal Housing Administration. Charles Famuliner, director of the U.S. …
