Florida lawmakers have taken the first step towards reforming the state-backed property insurer, but not before significantly scaling back its impact on policyholders while the chances for final legislative approval remain uncertain. Senate lawmakers have been working for months on …
FirstComp, a division of Markel Service, Inc., has launched a new small business owner policy, FirstComp EssentialBOP, for FirstComp-appointed independent agents writing business in Nebraska and Tennessee. Availability in additional states is forthcoming. FirstComp EssentialBOP provides coverage for typical risks …
One of the “secrets” to building an agency, or any business for that matter, is to ask introspective questions and to answer them thoughtfully. For an operation that sells contractual promises, written by others, these queries cover a lot of …
The boom in the western North Dakota oil patch has led to a workload increase for the state’s workers’ compensation agency. The number of claims by workers coming from other states is expected to increase from about 2,700 in 2010 …
Chubb Corp. reported on Thursday $656 million net income for its 2013 first quarter, an increase of 29.6 percent compared to $506 million income reported during the first quarter of 2012. The insurer of businesses and high-end homes said its …
The Horton Group, based in Orland Park, Ill., has expanded its construction practice with one new hire and one promotion in its construction practice. The company added Patrick White as a sales executive and promoted Kris Retusnic to the same …
The steady rise in employment in the health care industry over the last six years, as jobs in most other fields disappeared, has created an opportunity for expansion for Accident Fund Holdings, Inc. in the health care area of the …
Chicago-based wholesale insurance brokerage and managing general agency, Worldwide Facilities Inc., announced it is expanding and has added James F. Langan as vice president. He will be responsible for promoting the casualty products available from Worldwide Facilities’ many markets. Langan …
The Ohio Bureau of Workers’ Compensation (BWC) has proposed a 2.1 percent base-rate reduction for private employers. The recommendation to its board of directors would reduce employer premiums by $29 million for the July 1, 2014, policy year, the BWC …
A northern Lower Michigan man is upset insurance doesn’t cover the damage done to his mobile home during a neighbor’s shootout with police. Lance Reed tells the Traverse City Record-Eagle he’s already spent $1,500 on repairs to five bullet holes …
