State Farm says it has received more than 81,000 claims from Superstorm Sandy and has acquired a plane in an attempt to get policyholders to report more.
Merger and acquisition activity for insurance brokers remained busy through the month of June as Arthur J. Gallagher led the way announcing three acquisitions.
Former prominent Mississippi plaintiffs attorney Richard Dickie Scruggs, reviled for his pursuit of insurance companies following Hurricane Katrina, lost his latest bid to get out of prison.
Even though the National Transportation Safety Boards recommendation that all cellphone use be banned in automobiles has been nixed by the U.S. transportation secretary, the suggestion is applauded by some corporate and public-entity risk managers.
Terry Fleming, director of the Division of Risk Management, Montgomery County, Md., and immediate past president of the Risk and Insurance Management Society, cautions that the Neal Bill, introduced by Rep. Richard Neal, D-MA, and Senator Robert Menendez, D-NJ, could mean hardening rates in the future.
In spite of a difficult year for catastrophes, buyers of both liability and property coverage are for the most part pleased with their renewals, even for difficult placements, although they stress that having a positive risk history and solid broker/market relationships makes a difference.
There may not be a nastier rivalry in all of college sports than between the University of Alabama and Auburn University. The two sides love to hate each other, yet when tragedy strikes, as it did in April, an entire state becomes one and chants of Roll Tide or War...