Good Reputation by Doing the Right Thing St. Augustine, FloridaHerbie Wiles Insurance Many independent agencies give back to their community, but Herbie Wiles Insurance (HWI) in St. Augustine, Fla., has taken that to a new level by donating its whole …
A lawsuit claiming U.S. securities regulators were negligent in failing to respond earlier to Allen Stanford’s $7 billion Ponzi scheme can go forward for now, a federal judge ruled in Florida on Friday. U.S. District Judge Robert Scola rejected the …
Hurricane Andrew hit South Florida with winds topping 160 mph on August 24, 1992, devastating several communities. According to Gary Kerney, of Verisk’s Property Claims Services, the insurance industry had never seen anything like the damage that Andrew inflicted on …
Jason Richardson has been named chief operating officer of Lockton’s Southeast operations with responsibility for offices in Atlanta, Greater Miami, and Charlotte, N.C. Richardson will be responsible for the overall operations of Lockton Southeast including leading service teams in risk …
Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being driven by costs — the cost of healthcare coverage and the cost of serving employers who are …
In this issue starting on page 22, several Southeast-based brokers talk about how dramatically the benefits brokerage market is changing and what they are doing to capitalize on it and grow with it. The benefits market is clearly being driven …
General Motors is joining the sharing economy. General Motors announced that its OnStar subscribers can now rent out their idle vehicles through the RelayRides car sharing service, leveraging OnStar connectivity already active in their vehicles to potentially earn money to …
The consumer group Public Citizen says that medical malpractice payments in 2011 were at a record low and have fallen for eight straight years. The groups says this data shows that malpractice payments are not to blame for the rising …
With two quarters completed in 2012, the catastrophe bond market remains robust. Insurers and reinsurers issued approximately $3.6 billion in catastrophe bonds during the first half of 2012, up from $2.2 billion in the first half of 2011, according to …
President Barack Obama has signed the “Biggert-Waters Flood Insurance Reform and Modernization Act of 2012” into law. The law extends the National Flood Insurance Program (NFIP) for five years and makes reforms to the program. The Senate and House passed …
