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11, 2015
McCarty Orders NCCI to Further Lower Florida’s Workers’ Comp Rates
Florida Insurance Commissioner Kevin M. McCarty has ordered the National Council on Compensation Insurance (NCCI) to lower workers’ compensation rates for Florida employers by 5.1 percent. The Order signed Nov. 3 is a disapproval of the proposed 1.9 percent decrease …
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11, 2015
Jardine Lloyd Thompson Cuts Profit Forecast on Pension Changes, Strong Pound
Jardine Lloyd Thompson Group Plc lowered its expectations for 2015 profit after government pension changes hurt the insurance broker’s U.K. employee benefits business and the stronger pound cut income from overseas. Shares fell to the lowest since March 5. JLT …
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11, 2015
Top 10 Market Conduct Actions Against P/C Insurers
Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property and casualty insurers in 2014, according to Wolters Kluwer Financial Services. Wolters Kluwer …
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11, 2015
Cross Insurance Promotes Heaslip to President of Rhode Island Branch
Cross Insurance, an independent agency based in Bangor, Maine, has promoted Gary Heaslip to the position of president for Cross Insurance Inc. – Rhode Island, located in East Providence, Rhode Island. In his new role, Heaslip will be responsible for …
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11, 2015
Southeast Best Agency to Work For – Wallace Welch & Willingham
ST. PETERSBURG, FLORIDA Wallace Welch & Willingham Best Agency to Work For – Southeast A Successful Agency Built on Family Values Employees at Wallace Welch & Willingham (WWW), Insurance Journal‘s 2015 pick for Best Agency to Work For, Gold Winner …
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11, 2015
Leavitt Central Coast Taps Spiller in California
Leavitt Central Coast Insurance Services has hired Jennifer Spiller as a commercial insurance agent in Salinas, Calif. Spiller specializes in insurance for the golf, hospitality and restaurant industries. Spiller worked as a strategic account executive prior to joining Leavitt. Leavitt …
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11, 2015
Florida DMV Requests Dismissal of Taxi Companies’ Rideshare Complaint
In a move that is sure to further frustrate Florida taxicab companies, the Florida Department of Highway Safety and Motor Vehicles (FDHSMV) has asked a Leon County, Florida, judge to dismiss a complaint requiring the state agency to clarify Uber …
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11, 2015
Dual Commercial Expands Environmental Program with Schoning in Colorado
DUAL Commercial LLC has named Melissa Schoning to its environmental team as a senior underwriter. Schoning will be working out of Lakewood, Colo. Schoning has more than 12 years of insurance experience in environmental insurance, and six years of environmental …
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11, 2015
Moody’s Says Splitting Up AIG Would Be Credit Negative
Moody’s Investor Service today said that a break-up of American International Group (AIG) and removal of its systemically important financial institution (SIFI) designation as called for by activist investors would have a negative effect on the insurer’s debt. Splitting the …
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11, 2015
3 Small Quakes Shake Central Arizona, Phoenix
Three small earthquakes rattled parts of central Arizona, jolting people in cities 160 miles apart, including parts of the Phoenix area. There were no immediate reports of injury or major damage. The U.S. Geological Survey said a magnitude 4.1 temblor …