Yearly Archives: <span>2018</span>

People

Jackson Sumner & Associates (JSA) has hired Adam Winfree as the company’s Virginia marketing representative. Winfree joins the company as a 13-year veteran of the insurance industry, having worked previously as personal lines manager for a retail agency in the …

Pinnacol in Colorado to Drop Workers’ Comp Rates, Issue Dividend in 2019

Pinnacol Assurance’s Board of Directors has approved a plan to decrease workers’ compensation rates in 2019 by an average of 10 percent. The decrease will go into effect on Jan. 1, 2019, and will be the fourth straight year Pinnacol …

Expanded Duties: What an Insurance Professional Should Know Before Making Promises

The majority of states require an insurance professional to act with reasonable skill and ordinary diligence after agreeing to procure an insurance policy requested by a client. Usually, this duty imposed by the law stops upon delivery of the requested …

California Insurance Commissioner Reduces Workers’ Comp Pure Premium

California Insurance Commissioner Dave Jones earlier this month issued a revised advisory workers’ compensation pure premium rate, lowering the benchmark to $1.63 per $100 of payroll effective Jan. 1, 2019. Jones has reduced the advisory pure premium rate by about …

Shipyard Workers in Wisconsin Settle Lead Claims for $7.5M

Fraser Shipyards has settled lawsuits involving dozens of workers who were exposed to lead while working on an old freighter in Superior, Wisconsin, the company said. Fraser has agreed to pay $7.5 million to more than 60 workers who were …

Opioids, Tobacco Caused 14K Indiana Fatalities in 2017, Reports Say

Opioids and tobacco claimed the lives of 14,200 Indiana residents last year, costing the state $12.6 billion in health care expenses, lost productivity and other economic damages, two new reports say. The studies released by the Richard M. Fairbanks Foundation …

People

Terry Miller has been named president and chief executive officer at Bloomington, Minnesota-based SFM Mutual Insurance Co. Miller has worked at SFM for more than 30 years, serving as the company’s original controller. He has served as vice president of …

Expanded Duties: What an Insurance Professional Should Know Before Making Promises

The majority of states require an insurance professional to act with reasonable skill and ordinary diligence after agreeing to procure an insurance policy requested by a client. Usually, this duty imposed by the law stops upon delivery of the requested …

Kansans Elect Schmidt to Insurance Commissioner Post

Kansas voters on Nov. 6 favored Republican Vicki Schmidt in the race to become the state’s next insurance commissioner. Schmidt won 63 percent of the vote, with all 3556 precincts counted, according to the Kansas Secretary of State’s office. Her …

AFL Insurance Brokers Finds Cultural Fit with U.S. MGA Zodiac

AFL Insurance Brokers, the London-based Lloyd’s broker, was looking for an MGA platform in the United States and found the perfect partner when it purchased Zodiac Insurance Services, which specializes in professional, entertainment and event insurance. It wasn’t a quick …