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California’s COIN Program Generates “Tens of Millions” in Community Funds
California Insurance Commissioner Dave Jones on Thursday paid homage to the insurance industry for “tens of millions” of charitable dollars that came from the insurance industry as part of the California Organized Investment Network. Jones made his remarks at the …
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Wolfe Promoted to VP at Texas-Based All-Star Insurance Group
All-Star Insurance Group Inc., a full service independent insurance agency headquartered in Gilmer, Texas, has promoted George Wolfe to vice president. Wolfe joined All-Star Insurance in March 2011 after eight years with Farm Bureau Insurance in Gilmer. He has 13 …
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Officials on Gulf Coast Have ‘Unanswered Questions’ on BP Settlement
Gulf Coast officials worry that their communities won’t get their fair share of Alabama’s $2.3 billion portion of the BP oil spill settlement. Gulf Shores Mayor Robert Craft told Alabama’s Press Register that members of the Gulf Coast Recovery Council …
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Florida’s Heritage Insurance Expanding Into Four Coastal States
Clearwater, Florida-based Heritage Property & Casualty Co. said it has applied to expand into North Carolina, South Carolina, Massachusetts and Rhode Island. “The entry into complementary coastal states positions Heritage for new growth opportunities and is an important step toward …
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NYPD to Track Potential Problem Officers With New Database
The New York Police Department is trying to root out its problem officers and monitor patterns of potential misbehavior by creating a database that combines information from several city agencies on lawsuits, misconduct complaints, internal probes and such seemingly mundane …
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Progressive’s Move Into Homeowners Paying Off; Q2 Profit Up 24%
Progressive Corp., the fourth-largest U.S. auto insurer, said second-quarter profit rose 24 percent after an acquisition that pushed the company into homeowners coverage. Net income climbed to $363.3 million, or 62 cents a share, from $293.4 million, or 49 cents, …
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U.S. Issues Tougher Rules for South Florida Check-Cashing Facilities
Federal authorities have issued tough new rules on check-cashing businesses in South Florida as part of the ongoing fight against rampant identity theft and tax fraud. The Treasury Department’s order applies to federal tax refund checks over $1,000 in Miami-Dade …
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California Judge Rules Apple Workers Can Sue as a Class Over Searches
For California workers seeking to be paid for time spent getting bags searched after their shifts end, state law may provide the remedy that federal law doesn’t. On Thursday, a judge in San Francisco said that Apple Inc. store workers …
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New York Approves Average 5.9% Increase in Workers’ Comp Loss Costs
The New York State Department of Financial Services (NYDFS) has approved an average 5.9 percent increase in workers’ compensation loss costs for new and renewal business to become effective on Oct. 1, 2015, the New York Compensation Insurance Rating Board …
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Insure Against Risk of Climate Catastrophe: Peter Orszag in Bloomberg View
“Go Set a Watchman” isn’t the only book this year that brings new perspective to an old story line. “Climate Shock: The Economic Consequences of a Hotter Planet” should shift our narrative on climate change. The old story line: People …
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