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Florida Governor Signs State Insurance Licensing, Workforce Development Bill
The Florida Association of Insurance Agents (FAIA) is celebrating the passage of House Bill 1133, a bill it sponsored in cooperation with the Florida Department of Financial Services. Passed overwhelmingly by Florida lawmakers, the bill was signed by Florida Gov. …
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CEO Esser Exits Cooper Gay Swett & Crawford Group
Global wholesale insurance and reinsurance broker Cooper Gay Swett & Crawford (CGSC) said today that Toby Esser, Group CEO, has decided to step down. The company said Martin Sullivan, who has been non-executive chairman of CGSC since October, 2013 and …
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Strong Capacity Drives Buyer’s Market in Political Risk Insurance: Marsh
Abundant capacity and strong competition have contributed to a favorable marketplace for buyers of political risk insurance globally, according to Marsh’s “Political Risk Market Update,” published this month. Despite growing concerns about global political and credit risks and a recent …
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Heavy Flow Rates Have Oklahoma Barge Traffic at Standstill
Oklahoma’s upstream commercial ports may not receive incoming barge traffic until July. Heavy flow rates on the McClellan-Kerr Arkansas River Navigation System have idled most Oklahoma commercial shipping since Memorial Day rains. The rates have remained strong as the U.S. …
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LP Insurance Hires Bolman in Northern California
LP Insurance Services Inc. has named Virginia Bolman a claims & contracts specialist in its risk management services division in Sacramento, Calif. Bolman is responsible for contract review, compliance and risk transfer as well as complex claims support. Bolman was …
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USI Acquires First Merchants’ Insurance Brokerage
USI Insurance Services (USI) has acquired Indiana-based First Merchants Insurance Group, a retail property/casualty and employee benefits insurance brokerage operation, from First Merchants Corp. (First Merchants). This acquisition further strengthens USI’s presence as one of the leading middle market insurance …
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Tennessee County Looks to Fix ‘Deficiency’ in After-Hours DUI Processing
Officials in Sullivan County, Tenn., are looking to change how some drunken driving arrests are made after finding a “deficiency” in the criminal process that has led to charges being dismissed in several cases and threatened in others. The county’s …
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South Dakota Rancher Indicted for False Cattle Death Claims
The indictment of a South Dakota man for falsely claiming he lost more than a hundred cattle during the autumn blizzard of 2013 could be the first such case from the storm, which devastated ranchers in the western part of …
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Will Uber Employee Status Ruling in California Impact its Business Model?
An Uber driver is an employee not a contractor, according to a California Labor Commission ruling on Wednesday that opens the door to more scrutiny over the rideshare giant’s business model. Earlier in the day some media outlets reported that …
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The High Cost of Insuring a Teen Driver
Parents pay an average of 80 percent more for car insurance after adding a teen driver to their policy. The highest jump in premiums—96 percent—comes from placing a 16-year-old driver on a policy while the average impact decreases to 60 …
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