10 Things to Know About High Value Homeowners March 23, 2015 It is estimated that 40 percent of high-value homes are underinsured. Often, homeowners will only hold enough insurance to cover...
Four Health Insurers Fined $280K in Maryland March 23, 2015 Four health insurance companies paid a combined $280,000 in fines to the Maryland Insurance Administration (MIA) for selling unapproved health...
M&A Calendar: P/C Agent, Broker Mergers & Acquisition Headlines in 2014 March 23, 2015 Insurance Journal reported on more than 200 deals involving agencies’ or brokerages’ mergers and acquisitions in 2014. Activity was busiest...
Viacom to Pay $7.2M to End Internship Lawsuit March 23, 2015 Viacom Inc. agreed to pay $7.21 million to settle a class-action lawsuit by thousands of former interns who said the...
Independent Insurance Agents Defying Doomsayers March 23, 2015 By Andrew G. Simpson According to analysts, technologists, aggregators and others, the independent agency system is in trouble. Somebody forget to tell independent agents....
Nevada’s Captive Domicile Growth Rises by $3.8B in Premium March 23, 2015 The captive insurance program in Nevada outperformed growth and speed expectations by approving 26 captives in 2014, which resulted in...
Tennessee Judge: Cap on Personal Injury Damages Is Unconstitutional March 23, 2015 A Chattanooga, Tenn., judge has ruled that a state law that caps non-economic damages in personal injury lawsuits is unconstitutional....
Insurance Clusters Not Immune from Trade Secret Liability March 23, 2015 By Craig Robson An insurance cluster — sometimes called an alliance, network or aggregator — is a group of agents and brokers combined...
A.M. Best Downgrades South Carolina Farm Bureau Group Members March 23, 2015 A.M. Best has downgraded the financial strength rating to B+ (Good) from B++ (Good) and the issuer credit ratings to...
Increased Chance of Big One in Long-Term Quake Forecast for California March 23, 2015 Chances that California will experience a magnitude 8 or larger earthquake in the next 30 years has increased from 4.7...