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12 08, 2020

California Workers’ Comp Committee OKs 2021 Pure Premium Filing

By | August 12th, 2020|Uncategorized|Comments Off on California Workers’ Comp Committee OKs 2021 Pure Premium Filing

The governing committee of the Workers’ Compensation Insurance Rating Bureau of California voted on Wednesday to authorize the WCIRB to submit a Jan. 1, 2021 advisory pure premium rate filing to the California Insurance Commissioner that are on average roughly …

12 08, 2020

American Family Succesion Plan: Westrate to Succeed Salzwedel as CEO in 2022

By | August 12th, 2020|Uncategorized|Comments Off on American Family Succesion Plan: Westrate to Succeed Salzwedel as CEO in 2022

American Family Insurance group’s succession plan calls for Chair and Chief Executive Officer Jack Salzwedel to continue as chair and CEO until Jan. 1, 2022. American Family Enterprise President Bill Westrate will serve as CEO-elect starting January 2021 and will …

12 08, 2020

INSURICA Adds Kansas City’s Broker Source to Online Platform

By | August 12th, 2020|Uncategorized|Comments Off on INSURICA Adds Kansas City’s Broker Source to Online Platform

INSURICA, a privately-owned insurance agency based in Oklahoma City., has entered into an equity partnership with Kansas City-based Broker Source, to introduce its EnrollSource platform to the agency’s small business clients. INSURICA generally targets middle market business, however, the firm …

12 08, 2020

BKS Partners of Florida Promotes Berry to Partner

By | August 12th, 2020|Uncategorized|Comments Off on BKS Partners of Florida Promotes Berry to Partner

BKS Partners, a national insurance brokerage and risk management firm headquartered in Tampa, Fla., has appointed Jennifer Berry to partner. Berry joined BKS in 2006 as a founding colleague. She currently works with individuals and families with their private risk …

11 08, 2020

Idaho Man Sentenced for ‘Crash And Buy’ Insurance Fraud

By | August 11th, 2020|Uncategorized|Comments Off on Idaho Man Sentenced for ‘Crash And Buy’ Insurance Fraud

Riley Presher, of Twin Falls, Idaho, was sentenced on Monday for insurance fraud in violation of Idaho Code 41-293. Presher on Dec. 15, 2017, purchased insurance and filed a claim for an accident he stated occurred that same day. When …

12 08, 2020

UK Auto Insurer Admiral Reinstates Special Dividend as Claims Drop During Lockdown

By | August 12th, 2020|Uncategorized|Comments Off on UK Auto Insurer Admiral Reinstates Special Dividend as Claims Drop During Lockdown

Insurer Admiral reinstated its special dividend on Wednesday as it reported a jump in first-half earnings, the latest car insurer to benefit from a slump in claims as coronavirus lockdowns kept Britons off the road in March and April. The …

11 08, 2020

California Construction Worker Arraigned for Workers’ Comp Fraud

By | August 11th, 2020|Uncategorized|Comments Off on California Construction Worker Arraigned for Workers’ Comp Fraud

Meliton Hernandez Martinez Jr., 23, was arraigned today at the Merced County Superior Court in California on multiple felony counts of insurance fraud and a misdemeanor count of filing a false police report, after allegedly instigating a physical altercation resulting …

11 08, 2020

Texas Windstorm Insurance Company: No Rate Change for Now

By | August 11th, 2020|Uncategorized|Comments Off on Texas Windstorm Insurance Company: No Rate Change for Now

The board of directors of the Texas’ property insurer last resort for wind and hail in the state’s coastal counties has voted to file a 0% rate change with the Texas Department of Insurance The Texas Windstorm Insurance Association is …

12 08, 2020

Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re

By | August 12th, 2020|Uncategorized|Comments Off on Secondary Perils Drive Global Insured Catastrophe Losses of $31B During H1: Swiss Re

Global insured property losses from disasters were US$31 billion in the first half of 2020, up from US$23 billion during the same period last year, according to Swiss Re Institute’s preliminary sigma estimates. Natural catastrophes accounted for US$28 billion of …

11 08, 2020

Texas to Add New Fee to Insurance Form Filings Starting in September

By | August 11th, 2020|Uncategorized|Comments Off on Texas to Add New Fee to Insurance Form Filings Starting in September

There will be an additional $20.50 fee on insurance form filings beginning Sept. 1 in Texas, the state insurance department has reported. The Texas Department of Insurance said fee will support a technology project that uses artificial intelligence and increased …