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National Insurance Crime Bureau Says Arizona Leads Nation in Auto Glass Claims

Arizona leads the nation in auto glass claims despite being 14th in total population, according to the National Insurance Crime Bureau. Insurance industry data shows that between 2015 and 2019, 10% of the nation’s auto glass claims were in Arizona. …

James River Accuses 52 South Carolina Residents of Faking Uber Accidents

Some South Carolina residents deliberately caused hit-and-run accidents while in Uber rides as part of an insurance scam, a car insurance company says in a lawsuit. The lawsuit from James River Insurance says 52 people were involved in an insurance …

In Their Own Words

“I had heard of apprenticeship programs for individuals in the trades, but not for individuals in a corporate environment. I knew right away this was the right opportunity for me. … After the first week, I could see that the …

AM Best: Florida Insurers Brace for Challenging June Reinsurance Renewals

Anticipated reinsurance rate increases for Florida-specific property insurance companies in the upcoming June 2020 renewal period potentially could pressure the more thinly capitalized companies in the market, according to an AM Best commentary released this month. In its “Florida Insurers …

Specialty Broker Shares Thoughts on Today’s Marina Market

Barbara Galgiani has spent her entire career specializing in both recreational and commercial marine industry – marinas, boat yards, hospitality, excursion boats and marine contractors. Roughly 90% of her revenue comes from this specialty. After working as an account manager …

Business Moves

National Tokio Marine, Pure Group Tokio Marine Holdings has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as Pure Group. The deal was announced last October. The acquisition price was $3.1 billion. The deal was completed through …

Declarations

Fair Report Privilege “The defendants’ statements were privileged; such a privilege cannot be evaded simply by relabeling a deficient claim.” — Massachusetts Supreme Judicial Court Justice Barbara Lenk stated in her opinion regarding The Massachusetts Supreme Judicial Court’s ruling that …

People & Places

National The Hanover Insurance Group has appointed Matthew S. Mitchell as president of its middle market business. He has been with The Hanover for more than 13 years. He was named chief strategy officer in 2018 and previously was president …

Why Comparing Drug Prices Drops Costs for Employers and Patients

A University of California at Berkeley study has found that a “reference pricing model” — comparing brand name and generic medications and adjusting co-pays to encourage patients to choose the lowest cost drugs — delivers “significant cost-savings that increase over …

My New Markets

Personal Umbrella – High Risk Drivers Market Detail: Indemnity Excess & Surplus Agency Inc. (www.ies-xs.com) offers personal umbrellas for high risk drivers. Eligible risks include operators with up to three violations and/or two accidents; operators of all ages; unlimited number …