Features

North Carolina Approves 17.2% Rate Decrease for Workers’ Comp

The North Carolina Rate Bureau’s 17.2 percent rate decrease filing for workers’ compensation insurance has been approved by North Carolina Insurance Commissioner Mike Causey, according to a statement from the North Carolina Department of Insurance. “This rate decrease should serve …

Officials Propose Texas Coastal Protection Plan

State and federal officials on Oct. 26 recommended a plan to protect the Texas coast from hurricanes — particularly the Houston area — with a barrier system made up of floodwalls, floodgates and seawall improvements that could cost up to …

South Carolina Insurer Data Security Law Should Be Nationwide Role Model

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted the Insurance Data Security Model Bill, also known as the NAIC “Model Law.” NAIC’s “Model Law” seeks to establish a guiding framework that provides actionable expectations to regulated entities …

Where Every Voice Is Heard

TEAM approach. TEAM member. Dynamic TEAM of innovative thinkers. TEAM culture. TEAM Poirrier. Team spirit is not a just concept at Lafayette, Louisiana-based Poirrier Group. TEAM is the living, breathing embodiment of the way the agency and its employees operate …

Utility, Insurer Sued Over Damage to Voting Machines in Mississippi County

A southwest Mississippi county is suing an electrical utility and its own insurer, seeking more than $500,000 for damage to voting machines caused by a 2016 power outage. The Enterprise-Journal reports Pike County in Sept. sued Entergy Corp. and the …

TWIA’s Request to Hike Liability Limits Denied; Rate Increase Decision Suspended

Texas’ property insurer of last resort for wind and hail along the Texas coast suffered a couple of setbacks in mid-October when the state’s insurance commissioner denied its request to raise maximum limits of liability and the governor put its …

Regulators, Industry Seek to Keep Florida AOB Abuse in Check After Michael

In an effort to keep the Florida assignment of benefits (AOB) crisis from further worsening in the state, Florida’s insurance industry, regulators and consumer advocates are on high alert for AOB activity in the wake of Hurricane Michael and working …

Texas Pilot Who Crashed Plane for Insurance Sentenced to Prison

A 33-year-old pilot, formerly of Kemah, Texas, was sentenced in early October to more than five years in prison and ordered to repay nearly $1 million in an insurance fraud-related case. Theodore Robert Wright III previously pleaded guilty on Dec. …

North Carolina Approves $400M in Florence Recovery Funds

North Carolina legislators approved spending $400 million to quickly help people and communities reeling from flooding left by Hurricane Florence and setting aside another $450 million for upcoming needs. The emergency spending, approved by lawmakers on Oct. 15 and signed …

Pie Founder Talks About Entry into California Workers’ Comp Market

The launch in the state marks the ninth market entry for the Insurtech in six months. Pie Insurance seems to be slicing its way through workers’ compensation markets in state after state. The Washington, D.C.-based insurtech is a direct provider …

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