Yearly Archives: <span>2014</span>

First Line of Defense: Insuring Volunteer Fire Departments

When it comes to saving property and lives the nation’s volunteer firefighters are often the first line of defense. Volunteers make up a majority of the nation’s firefighters — some 69 percent of firefighters in the United States. Of the …

Alabama Supreme Court Orders New Trial in $1M Firing Case

The Alabama Supreme Court has ordered a new trial in a lawsuit that resulted in a more than $1 million judgment against an auto parts manufacturer. The justices last Friday sided with Guyoungtech USA, Inc., which makes parts in Conecuh …

CEA: Policy Sales Spiked Following California March Temblor

California Earthquake Authority insurance policy sales jumped following the March 29 magnitude 5.1 La Habra earthquake by nearly as much as the spike in policy sales following the March 11, 2011, magnitude-9.0 Tohoku earthquake in Japan, CEA reported on Friday. …

Will the NFIP Survive this Year’s Hurricane Season?

This Sunday, June 1, marks the start of the 2014 Atlantic hurricane season. And though experts are predicting a relatively quiet one this year, our dutiful representatives in Congress have done their darnedest to ensure that it would take just …

Union Mutual of Vermont Cos. Names Director of Commercial Lines Underwriting

Union Mutual of Vermont Companies has hired Geoffrey J. Smith as the director of commercial lines underwriting. He is based in Montpelier, Vermont.

Ohio Insurance Director: New Insurance Reforms Benefit Consumers

Lieutenant Governor and Department of Insurance Director Mary Taylor says the passage of reforms to Ohio’s insurance law will help maintain the strength and competitiveness of Ohio’s insurance marketplace while also providing new consumer protections. Under Senate Bill 140, which …

41 Charged for Multi-Million Dollar Auto Insurance Fraud Scheme in Philadelphia

The Philadelphia district attorney’s office has charged 41 people for what prosecutors described as a multi-million dollar auto insurance fraud scheme. Prosecutors allege Ronald Galati Sr. and his co-conspirators ran their fraud scheme from Galati’s auto repair shop, American Collision …

Texas Mutual to Distribute $200M in Policyholder Dividends

Qualifying policyholder owners of Texas Mutual Insurance Co. will share a $200 million dividend distribution this year, the company’s board of directors announced after a unanimous vote on May 28, 2014. As a mutual company, Texas Mutual is owned by …

Farmers Insurance, Nonprofit, Team Up on Disaster Recovery in Oklahoma

As storm season ramps up in Oklahoma, a nonprofit group formed in the wake of Hurricane Katrina is teaming with a national insurance company to help better prepare communities for the recovery after a natural disaster. The St. Bernard Project …

Weather Service: North Dakota Tornado Was EF-2

A rare North Dakota tornado that critically injured a 15-year-old girl and hurt eight other people at a workers’ camp in the heart of the state’s booming oil patch packed winds that peaked at 120 mph, the National Weather Service …