Businesses are buying more cyber insurance and prices for the coverage are stabilizing, according to the latest survey by The Council of Insurance Agents and Brokers. According to the survey of about 100 commercial lines brokers, about 32 percent of …
The United States Supreme Court says a Kentucky nursing home can require the families of two former residents to pursue claims against the home outside of court. The justices ruled 7-1 last month that the home could enforce contracts signed …
The Main Street America Group, based in Jacksonville, Fla., has made changes to its personnel, including promoting Tom Frazier, the company’s chief investment officer, to senior vice president. Additionally, Main Street America has appointed three of its functional unit directors …
Structures attached to manufactured homes fail about 80 percent of the time during high wind conditions such as tornadoes and hurricanes, an analysis of closed insurance claim files from 2004’s Hurricane Charley concluded. According to the Insurance Institute for Business …
The Tennessee Department of Commerce and Insurance (TDCI) has taken disciplinary action against Carey R. Carroll Jr., a Knoxville-based former Tennessee insurance producer who was found to have violated multiple provisions of Tennessee law resulting in a $400,000 penalty and …
Georgia’s highest court has handed a victory to ridesharing services like Uber and Lyft. The Georgia Supreme Court affirmed a lower court’s dismissal of a lawsuit filed by Atlanta taxi drivers and upheld a state law regulating and allowing the …
Alabama’s workers’ compensation law, ruled unconstitutional by a county judge last month, will remain in effect for the immediate future. The Alabama judge who on May 8 declared the state’s workers’ compensation act unconstitutional has issued an indefinite stay to …
Tornadoes and mobile homes don’t mix to begin with, but throw in the volatility of climate change and the potential for massive property damage and deaths is even higher in coming decades, indicates a new study by Michigan State University …
South Carolina Insurance Director Ray Farmer was elected to fill the position of secretary-treasurer of the National Association of Insurance Commissioners during a Plenary meeting by members last month. Farmer is replacing former Texas Insurance Commissioner David Mattax, who passed …
California Insurance Commissioner Dave Jones issued a revised advisory pure premium rate, lowering the benchmark to $2.02 per $100 of payroll for workers’ compensation insurance effective July 1. This is 16.5 percent less than the average pure premium rate of …
