Nearly 75 percent of small businesses say they don’t have a disaster recovery plan in place. For companies with fewer than 50 employees, just one in five – or 18 percent – have one, according to a new Nationwide-sponsored survey. …
The article 66% of Small Businesses Lack Business Interruption Coverage: Survey appeared first on Insurance Journal.
Two additional members of a Cincinnati-area fraudulent auto insurance claim ring have been sentenced in Hamilton County Common Pleas Court, the Ohio Department of Insurance announced. The three main participants in the ring have now been sentenced for filing fraudulent …
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Chinese billionaire Guo Guangchang, who calls himself a student of Warren Buffett, says he will slow down a global buying spree over the next two years after his Fosun Group snapped up insurers, banks and fashion companies at home and …
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The owners of an Iowa hotel have been ordered to pay two former employees who complained about sexual harassment more than $1.2 million. An Iowa jury ruled against the owners of a Quality Inn and Suites in Peosta, Iowa, The …
The article Iowa Hotel Owners Must Pay Over $1M in Harassment Case appeared first on Insurance Journal.
Three jointly-owned insurance firms in Northern California are merging into a united corporate identity known as “Risico.” The firms involved are KRM Risk Management Services Inc., American All-Risk Loss Administrators Inc. and Total Managed Care Inc. All three specialize in …
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While some are more exposed than others, U.S. property/casualty insurers generally can handle more significant deterioration in global equity market conditions while maintaining capital positions consistent with current ratings, according to analysts at Fitch Ratings. U.S. P/C insurance companies traditionally …
The article Can U.S. P/C Insurers Handle Equity Market Volatility? appeared first on Insurance Journal.
Hub International Ltd. has acquired the assets of Howitt Benefit Services in San Jose, Calif. Terms of the deal were not disclosed. Nancy Howitt, Howitt’s president and client service supervisor, will join Hub California and report to Darren Caesar, senior …
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Insurance Commissioner Jim Donelon has picked up another challenge to his fall re-election bid. Charlotte McDaniel McGehee, a Democrat and lawyer from Baton Rouge, announced her candidacy this week. In a statement, McGehee described herself as a business owner and …
The article Competition Increases in Louisiana Insurance Commissioner Race appeared first on Insurance Journal.
Patrick Schul has joined RiskMatch, a Greenwich, Connecticut-based analytics firm for underwriters and brokers, as chief sales and marketing officer. Before joining RiskMatch, Schul was chairman and CEO of Schul Baker Partners, a firm he co-founded in 2011 to help …
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The family of Freddie Gray, who died after being critically injured in police custody, reached a tentative $6.4 million wrongful death settlement with the city of Baltimore, resolving civil claims about a week after the first hearing in the criminal …
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