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Hiscox Launches Coverage Suite for Financial Services Firms

Hiscox has launched a new suite of professional and management liability coverages for financial services firms across the U.S. The new platform, Hiscox FS, is an expansion of Hiscox’s current offering to financial services firms. Hiscox...

Florida Puts Workers’ Comp Carrier Guarantee Insurance In Receivership

Florida insurance regulators have placed workers’ compensation carrier Guarantee Insurance Co. in receivership due to inadequate reserves. According to documents from the Florida Office of Insurance Regulation (OIR), the company was materially...

North Carolina Rate Bureau Requests 18.7% Increase for Homeowners Insurance

The North Carolina Rate Bureau has filed notice with the N.C. Department of Insurance request a statewide average increase in homeowners insurance rates of 18.7 percent for 2018, according to Insurance Commissioner Mike Causey. The NC Rate Bureau...

Best Agencies to Work For Southeast: Frank H. Furman – Silver

As a Florida-based agency, employees at Frank H. Furman understand the value of insurance and the important role they play as advisors. And they say the company’s team-focused and supportive environment motivates them to go above and beyond...

Father And Son in California Sentenced in $400K Workers’ Comp Scheme

Jaime Rosario Del Real, 61, and son Israel Del Real, 37, have both pleaded guilty to four felony counts for their role in a $400,000 insurance fraud scheme denying workers’ compensation insurance and medical care for injured workers. The...

Bickmore Adds Portello in Northern California

Bickmore has named William Portello has joined the Sacramento, Calif. He will serve as the director of litigation management and will oversee the litigation management team and assist pool members throughout California with developing contract...

Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims

The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlement with the American...

Oklahoma Joins International Insurance Information Exchange Agreement

The Oklahoma Insurance Department has joined an international supervisory cooperation and information exchange agreement. According to the International Association of Insurance Supervisors (IAIS), since the first jurisdiction was admitted in...

Texas Governor Calls White House Disaster Aid Bill ‘Inadequate’

Republican Texas Gov. Greg Abbott on Nov. 17 criticized as “completely inadequate” the Trump administration’s $44 billion request to Congress for disaster relief in his hurricane-ravaged state and other areas hammered by storms....

Crashes, Fatalities Jumped After Ohio Went to 70 Mph: Highway Patrol

The state highway patrol says crashes and fatalities jumped after Ohio adopted a 70 mph speed limit on many roads and highways. A patrol report released on Nov. 16 found a 24 percent increase in crashes on 70 mph roads, …