EBRM Launches BCS Errors & Omissions Insurance
EBRM has launched a new BCS errors & omissions policy available only to authorized agents of EBRM, a general agency of Blue Cross and Blue Shield of Illinois. The policy is a guaranteed issue insurance plan that features group discounted …
Group Challenges Secret Court Arbitration in Delaware
An open-government group on Tuesday, Oct. 25, challenged a law that allows members of Delaware’s Court of Chancery to preside over secret arbitration proceedings in business disputes. The Delaware Coalition for Open Government claims in the federal lawsuit that a …
Accountant Pleads Guilty in Houston in Fake Insurance Scheme
A third man has pleaded guilty to conspiracy to launder money in a scam involving the sale of bogus insurance to a New York tour operator whose boat capsized in 2005 killing 20 elderly tourists, federal officials reported. U.S.Attorney Kenneth …
XL Hires Three New Underwriting Managers in Hartford
XL Group’s insurance segment hired three new inland marine underwriting managers. The new executives are: Anne Marie Elder as senior vice president, inland marine; Virginia Cameron as senior vice president, marine; and Alexander McGinley as vice president, marine underwriting. Based …
Wisconsin Home Explosion Victims Get $5M
A furnace installation company and its insurer have agreed to pay $5 million to the victims of a fatal home explosion in Sun Prairie. Twenty-six-year-old Andrew Manley died when the blast leveled a house and damaged several others in November. …
Texas Man Sentenced to Prison for $600K Insurance Scam
A Texas man has been ordered to serve more than seven years in prison and repay nearly $583,000 over investment fraud. A federal judge sentenced 33-year-old Timothy Fry of Amarillo. Fry in July pleaded guilty to money laundering in what …
Auto Claims Considered Total Loss Deliver Less Customer Satisfaction: J.D. Power
Auto insurance claimants who incur a total vehicle loss are notably less satisfied with the claims experience than claimants who incur a repairable vehicle claim, a new study reports. Satisfaction averages 811 on a 1,000-point scale among claimants with a …
LevelFirst Appoints Campbell as Marketing Director; Adds Production Staff
Dallas-based LevelFirst has named Toni Campbell director of Marketing. Campbell will oversee all marketing efforts for the newly formed wholesale property and casualty insurance broker and MGA. LevelFirst also introduced Laura Kenebrew and Nick Ricco as broker/underwriters. They join Jason …
Ohio Businesses Awarded More Than $200K for Workplace Safety
The Ohio Bureau of Workers’ Compensation (BWC) reported that 10 Ohio businesses received more than $217,000 in safety intervention grants in September to improve workplace safety. The Safety Intervention Grant program is designed to assist Ohio employers in reducing illness …