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Clearsurance: Despite Recent Natural Disasters, Homeowners Fail to Enhance Coverage

A recent online survey of 1,000 U.S. individuals uncovered that the majority (87 percent) are concerned about a natural disaster striking their area but very few have taken action to protect themselves from being uninsured or underinsured. Of those that …

North Carolina Insurers Request 18.7% Increase for Homeowners Insurance

The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance to request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike Causey. The N.C. Rate Bureau represents …

Global Commercial Insurance Rates Decrease Again: Marsh

Average global insurance rates decreased for the 18th consecutive quarter, although the rate of decline slowed in the third quarter of 2017 (down 1.6 percent) as compared to the prior quarter (down 2.2 percent), according to broker Marsh’s Global Insurance …

Small Businesses Want More Self-Service Workers’ Comp Tools: Survey

Nearly a quarter (23 percent) of America’s small business owners believe workers’ compensation carriers could improve their customer service if they offered more online or self-service tools. Better communication and faster claims resolution also topped the list of small businesses’ …

Business Moves

Hub, Wells Fargo Global insurance broker Hub International Ltd. has agreed to acquire the assets of the crop insurance broker business of Wells Fargo Insurance. Terms of the agreement to buy the business, known as Wells Fargo Crop Insurance Agency, …

Federal Investigators Say Fatigue, Poor Safety Cause of Deadly California Bus Crash

Federal safety investigators say a sleep-deprived driver and a bus company with a poor safety record were causes of an August 2016 crash in California’s Central Valley that killed four passengers and injured 20 others, including the driver. The National …

New Markets

Special Events Liability & Events Cancellation Insurance Market Detail: Midlands Management Corp.’s (www.midlandsmgt.com) program highlights include: limits from $100,000 per occurrence/$200,000 aggregate up to $1 million per occurrence/$2 million aggregate; facility as additional insured at no extra cost; liquor liability …

Las Vegas ZIP Code Has Most Drone Hobbyists in Nation

Researchers say the ZIP code containing the highest number of registered hobbyist drone users in the country is in Las Vegas. Drone researchers at Bard College in New York analyzed data from the Federal Aviation Administration, finding the 89117 ZIP …

Arkansas Insurance Commissioner: Department Has Saved $785K in Personnel Costs

Since 2015, the Arkansas Insurance Department has saved $784,516 in personnel costs, the state agency reported. The savings are attributed to departmental efficiencies implemented by Insurance Commissioner Allen Kerr who was installed as head of the department that year. In …

People

Woodruff-Sawyer & Co. has named Brendan Williams its Southern California practice leader. Williams will be assuming leadership of the Southern California region in early 2018 upon the retirement of Ron Packouz, founder and current practice leader in the region. He …