Monthly Archives: <span>April 2013</span>

Keystone Adds Hunt-Miller Agency as Member in Georgia

Hunt-Miller Insurance Agency of Warner Robins, Georgia, has become Keystone Insurers Group’s newest franchise partner in the state. The new arrangement was announced by Hunt-Miller Insurance Agency President Mike Miller and Keystone’s Georgia Vice President Kaye Garruto. Hunt-Miller Insurance Agency …

Interest in Personal Gun Liability Insurance Protection Increasing

Interest in personal liability insurance for firearms owners has expanded with the media focus on gun-centric events and the public discussion of liability issues. While coverage is available through gun owner associations and through specialty insurers, the liability component of …

EPIC Names Kyle Senior Account Manager in Southern California

Edgewood Partners Insurance Center named Kelly Kyle as a senior account manager in its Los Angeles, Calif. office. Kyle’s responsibilities with EPIC will include providing clients with benefits planning and program design support. She will also focus on ensuring the …

What to Expect in Commercial Insurance Prices for Remainder of 2013: Willis

Commercial insurance buyers in all product lines should see rates rise moderately through the remainder of 2013, although commercial property rates for non-catastrophe exposed risks and some specialty lines may see slight reductions, according to global broker Willis in its …

Judge Approves $115 Million AIG Shareholder Settlement

A federal judge on Wednesday approved a $115 million settlement between American International Group Inc. shareholders and former CEO Maurice “Hank” Greenberg and other defendants over alleged improper accounting at the insurance giant. The accord is the latest in a …

Commentary: Will HUD’s Disparate Impact Rule Have Say in Ratemaking?

Despite the McCarran-Ferguson Act, which reserved the regulation of the “business of insurance” to the states, the Department of Housing and Urban Development (HUD) has given itself the ability to upset and invalidate long-standing underwriting and ratemaking practices for homeowners’ …

2013 Hurricane Prediction: 72% Chance on East Coast; 48% for Florida

The Colorado State University team is predicting an above-average 2013 Atlantic basin hurricane season with 18 named storms and a 72 percent chance one will make landfall somewhere along the entire Eastern seaboard. Nine of those 18 named storms are …

Cuomo: Workers’ Comp Reform to Bring $800M Savings to N.Y. Employers

New York Gov. Andrew Cuomo said this week that employers in the state are poised to save some $800 million annually, thanks to reforms in the state workers’ compensation system that were included in the recently passed state budget. At …

Liberty Mutual Promotes Shapiro to Chief Commercial Claims Officer

Liberty Mutual Insurance announced the promotion of Glenn Shapiro to the role of executive vice president and chief claims officer for its commercial insurance.Shapiro succeeds George Neale, who recently retired from the company. Based in the company’s Boston home office, …

In New York, Sandy Cleanup Work in 3 Long Island Towns Probed

The Suffolk County district attorney’s office has issued subpoenas to three Long Island towns as it investigates how local governments spent tens of millions of taxpayers’ money on Sandy cleanup. According to Newsday, municipal officials in Brookhaven, Islip and Babylon …