PLUS in Orlando
P/C Industry Urged to Get ‘Sexy’ and ‘Bold’ on Extreme Risk Products It’s time for the insurance industry to be “bold” and “sexy” in creating new insurance products and services to help the world deal with extreme risks that are …
Florida Rethinking PIP Law After Court Ruling
Florida lawmakers are taking another look at the future of the state’s no-fault automobile insurance law in light of a circuit court ruling that left open the door to legal challenges. The state’s First District Court of Appeals recently lifted …
People – Southeast
Florida Chief Financial Officer Jeff Atwater has named Steve Burgess as the state’s new insurance consumer advocate. Burgess previously served in that role from 2004 to 2007 and from 1990 to 1997. Most recently, he was the staff director for …
Alabama Targets Underage Drinking
The Alabama Alcoholic Beverage Control Board has launched an initiative to stop underage and binge drinking in the state. ABC Board members and law enforcement officials addressed students at Prattville High School recently to introduce the program. During the meeting, …
Kentucky Files Plan to Rehabilitate Schools’ Insurance Trust
The Kentucky Department of Insurance (DOI) has proposed taking over the management of the troubled funds used for school board workers’ compensation and property and liability claims. DOI Commissioner Sharon P. Clark said the takeover plan will be at a …
N.Y. Issues New Disaster Protocol for Insurers
New York Gov. Andrew Cuomo announced that his administration has established a new emergency disaster protocol that insurers “should expect to follow” in the event of future severe storms and other natural disasters. The emergency disaster protocol includes a number …
Regulator Looks to Restrict Force-Placed Insurance Fees
A U.S. housing regulator said on Nov. 5 that it would ban some fees and commissions that borrowers are compelled to pay when their own home insurance coverage lapses. The Federal Housing Finance Agency said it was aiming to shield …
N.J. Wants Sandy Money Shifted to Housing Repairs
As many as 1,100 families on waiting lists for help rebuilding their homes after Superstorm Sandy could benefit from a plan New Jersey has to move additional storm recovery funds to repair programs. The state’s Department of Community Affairs is …
AIG Using Science to Define ‘Broker Quality Index’
Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of the carrier’s analytical process, AIG’s CEO Bob Benmosche said. Speaking on an earnings conference call on …
People – East
Chevy Chase, Md.-based underwriting manager Victor O. Schinnerer & Company Inc. named Steve Cohen as senior underwriting manager for its management liability programs. In his new role, Cohen will oversee the growth and development of Schinnerer’s suite of management liability …