Features

Texas Bill Preventing Local Drilling Bans Goes to Governor

A Texas bill banning its own cities from imposing prohibitions on hydraulic fracturing and other potentially environmentally harmful oil and natural gas drilling activities within their boundaries has been sent to Gov. Greg Abbott for his signature. Lawmakers in America’s …

Incoming President Ware Talks About Canadian Expansion & Why AAMGA Is More Than MGAs

The American Association of Managing General Agents (AAMGA) expanded its membership again in 2015 with the addition of eight new organizations, all based in Canada. The Canadian organizations sought to become part of the AAMGA in an effort to access …

WCRI: Medical Payment Per Claim in California Fell Following Reforms

The average medical payment per claim for treating injured workers fell by 5 percent in California in 2013, according to a study by the Workers Compensation Research Institute. The findings could reflect some early impact of the state’s reform legislation, …

What Risk Managers Expect from Their Insurance Brokers: RIMS

A broker who does not fully understand a client’s business or lacks direct links with insurers may not only fall short in advising on coverage, but can cause headaches on all sides of the insurance relationship, according to an attorney …

Data Stolen on 900 Southern California Mental Health Patients

Authorities say personal information on 900 Los Angeles County mental health patients was stolen but it’s unclear if any of it was misused for ID theft. Documents with Social Security numbers, birth dates, medical and insurance information were found on …

P/C Insurers Post Underwriting Profit, Record Surplus for 2014

The U.S. property/casualty insurance industry posted its second consecutive year of profitable underwriting results in 2014, according to A.M. Best. Surplus for this sector increased by $21.9 billion and reached another record level at year-end 2014. The Best’s Special Report, …

New Mexico AG Says Uber, Lyft Drivers Need Drug Testing

Drivers of ridesharing services Lyft and Uber in New Mexico should face strict drug testing requirements like taxi drivers and keep detailed records of such tests, the state Attorney General Hector Balderas told regulators in April. In a letter to …

Industry Examines Potential Claims Issues Following Riots

Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in the wake of Baltimore riots that shook the city in late April. And more than 200 businesses were damaged during the riots, according …

Bitcoins: The Next Cyberinsurance Risk?

Consumers around the world are racking up more than 100,000 financial transactions every day without using cash, credit cards or a barter system. How are all those buyers doing it? With Bitcoins, of course. The growing use of the six-year-old …

Bumble Bee, 2 Managers Charged in Oven Death of California Worker

Bumble Bee Foods and two managers have been charged by Los Angeles prosecutors with violating safety regulations in the death of a worker who was cooked in an industrial oven with tons of tuna. Jose Melena was performing maintenance in …

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