Texas-based LevelFirst, the wholesale broker and MGA binding facility owned by IIAT Services Co., has appointed Heath McCasland as vice president. McCasland will assume the responsibility of brokering new business opportunities within the wholesale brokerage and MGA business units. McCasland …
The Oklahoma Workers’ Compensation Commission has determined that the opt-out portion of the state’s 2013 workers’ compensation statute is unconstitutional. Ruling on an appeal under the provisions of the Oklahoma Employee Injury Benefit Act, or Opt-Out Act, the three-judge panel …
While oil and gas industry job losses had an impact in the South Central states over the last year, Arkansas, Louisiana Oklahoma and Texas still saw decreases in unemployment rates in 2015. Year-over-year from 2014 to 2015, unemployment rates fell …
My New Markets is brought to you by Insurance Journal’s sister website: www.mynewmarkets.com Need a Market? Find it. FAST. New Admitted Homeowner Program Market Detail: King Insurance Support Systems has a new homeowner program for preferred HO3 and DP3 business. …
The number of pedestrians killed in traffic accidents is expected to have risen by as much as 10 percent when final 2015 statistics are available. That would be the biggest increase ever recorded. The annual Governors Highway Safety Association (GHSA) …
Risk Strategies, Lester Brokerage Risk Strategies Co., a privately held, national insurance brokerage and risk management firm based in Boston, has acquired Lester Brokerage, an independent agency in Englewood Cliffs, N.J. Terms of the transaction were not disclosed. Lester Brokerage …
The insurance industry has entered an era of rapid change and evolution — the rise of analytics, the growing influence of technology, and the emergence of disruptors. In light of the industry’s shift toward fast-paced transformation, innovation and flexibility are …
Product recalls are on the rise. Last quarter alone, there were dozens of recalls, including peanut butter, cars and bicycles. As consumer safety concerns come under greater regulation and scrutiny, recall risks are not only more prevalent, but the adverse, …
The food and beverage sector continues to see pressure on pricing of product contamination coverage, following a number of new carrier markets opening in the past 12 months. —John Turner, head of U.S./Canada Product Recall for XL Catlin Food and …
Looking for new sales and opportunities in 2016? Here are a few of the top market sectors that just might deliver hot opportunities for agents and brokers in the property/casualty insurance industry this year. Sky’s the Limit The drones sector …
