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Veterans Eligible for Insurance License Exam Fee Waiver in Wisconsin

Wisconsin’s insurance commissioner says military veterans are eligible for reimbursement of the insurance licensing exam fee in most cases. Insurance Commissioner Ted Nickel said the waiver of the $75 examination fee is part of an effort to attract veterans into …

Declarations

Solar Game-changer “Swiss Re is guaranteeing the volume That’s game-changing.” — Richard Matsui, KWh’s CEO, has high hopes for an insurance-like policy that will guarantee the production from solar projects that GCL New Energy Holdings Ltd. is building in Oregon. …

Texas Workers’ Comp Claims Go Digital

Texas Workers’ Compensation Commissioner Cassie Brown has turned in the keys to a secure warehouse that the Division of Workers’ Compensation (DWC) has used since 1992 to store injured employee claims. The 24,000-square-foot building that housed rows and rows of …

People

Brian L. Risen, senior vice president, Mackinaw Underwriters, a member of the AmeriTrust Group Inc., has been promoted to president of the Meadowbrook Insurance Agency in Southfield, Michigan. Risen has over 23 years of insurance industry experience. Prior to joining …

Managing the Retail Agent’s Risk in Surplus Lines

While it is common for retail agents to turn to E&S wholesalers for help, there are several reasons they should carefully consider which wholesalerto call upon and how they submit business, according to Bobbie Duke, mentor for INSURICA University. “Generally …

Tort Reform Group: Texas Cat-Related Lawsuits Have Declined

In the year after the enactment of a Texas law aimed at reducing the volume of lawsuits filed by property owners against insurance companies following natural catastrophes, the number of those types of disputes has dropped, according to the lobbying …

Michigan Offering Matching Grants for Workplace Safety, Health Improvements

Matching grants of up to $5,000 to improve workplace safety and health are being made available to Michigan companies that have up to 250 employees. Administered by the Michigan’s Occupational Safety and Health Administration (MIOSHA), the goal of the MIOSHA …

AIG CEO Expects More Trading of Insurance-Linked Assets

American International Group Inc. Chief Executive Brian Duperreault said he sees “huge potential” within the insurer’s portfolio for use of a market in which investors trade assets tied to insurance liabilities. The insurance linked securities (ILS) market, which developed over …

People

Sam Siddons and Craig Morelos have joined the property/casualty practice at EPIC Insurance Brokers and Consultants as principals. Siddons will be responsible for new business development, the design, placement and management of property/casualty insurance programs; and providing risk management strategies …

State Farm Settles, Avoids Racketeering Trial

Insurance giant State Farm on Sept.4 reached a $250 million preliminary settlement in a federal class-action lawsuit claiming the company funneled money to the campaign of an Illinois Supreme Court candidate. The lawsuit filed in U.S. District Court in East …