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On Saturday, May 30, Incline Village, Nevada held a citywide fire drill meant to rehearse what everyone should do if a catastrophic wildfire threatened the towns 9,000 residents.
Ed Rust is stepping down as CEO of State Farm after 30 years and will continue on as chairman of the board. He has named COO Michael Tipsord his successor.
The IRS and Congress are on to small captive insurers that are being used for tax and estate planning purposes over their intended risk management purposes.
More than half (55%) of the risk managers surveyed dont believe their company is dedicating enough money or trained and experienced personnel to combat the latest hacking techniques.
Commercial rates for all P&C lines continued in a holding pattern in May, while personal insurance rates held steady at plus 1%, matching the rate increase reflected in April 2015.
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