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Historic Indiana Fieldhouse Hit by Storm Insured for Nearly $10M
A central Indiana fieldhouse that’s one of the nation’s largest high school basketball venues was insured for nearly $10 million when a severe thunderstorm recently damaged it, school officials say. The historic Muncie Fieldhouse was valued at $9,858,130 on Feb. …

POSTED NOVEMBER 17, 2017 5:18 PM
Miralles to Lead Enterprise Risk Management at CNA as Chief Risk Officer
Chicago-based commercial, CNA, has appointed Al Miralles as chief risk officer (CRO), effective Jan. 1, 2018. Miralles joined CNA in 2011 as senior vice president and treasurer and has been leading the Long Term Care business since 2014. In addition …

POSTED NOVEMBER 17, 2017 5:15 PM
Markel Finalizes Acquisition of State National Companies
Markel Corp. has completed its previously announced acquisition of State National Companies, a specialty provider of property/casualty insurance services that operates two core businesses, program services and lender services. Markel, a Virginia-based in Virginia holding company for insurance, reinsurance and …

POSTED NOVEMBER 17, 2017 4:44 PM
UK’s IUA Publishes Good Practice Guide for Delegated Authorities
A guide to good practice for delegated authority arrangements in the London company market has been published by the International Underwriting Association, the group that represents non-Lloyd’s international and wholesale insurance and reinsurance companies in the London Market. The guide …

POSTED NOVEMBER 17, 2017 4:05 PM
United Valley Insurance Services in California Adds De La Torre in Marketing
Fresno, Calif.-based United Valley Insurance Services Inc. has named Maggie De La Torre a marketing team assistant. De La Torre holds a will provide support to the United Valley marketing team and will market high net worth personal lines, flood …

POSTED NOVEMBER 17, 2017 3:15 PM
China Tightens Rules on $15 Trillion Asset Management Sector to Cut Systemic Risks
China’s central bank on Friday issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking sector. The guidelines unified rules covering asset management …

POSTED NOVEMBER 17, 2017 3:11 PM
Assurance Adds Wolfrey to Washington D.C. Team as Risk Management Consultant
Assurance, a Top 50 U.S. insurance brokerage, has hired Eric Wolfrey to its Washington D.C. team to serve as a risk management consultant. Wolfrey will provide business insurance and risk management solutions to a variety of industries with a concentration …

POSTED NOVEMBER 17, 2017 2:27 PM
Patron Injured After Car Crashes Into Maine Diner
Police in Maine say a man has been injured and another man arrested after a car involved in a collision barreled into a diner. According to police, three vehicles were involved in a collision in Sanford around 3:36 p.m. Tuesday. …

POSTED NOVEMBER 17, 2017 2:25 PM
American Arbitration Association Opens Office in Upstate New York
The American Arbitration Association (AAA), a provider of conflict management and dispute resolution services, has opened a new office in Buffalo, N.Y., offering local arbitration support in a region that has experienced an increase in arbitration requests for no-fault auto …

POSTED NOVEMBER 17, 2017 2:19 PM
Barbican Insurance Launches U.S. Specialty Property MGA Targeting Southeast, Gulf Coasts
Barbican Insurance Group has launched Barbican Specialty US, a new managing general agency (MGA) providing wholesale excess and surplus (E&S) property insurance for small-to-medium-sized commercial operations along the southeastern coast of the United States. Based in Atlanta and Kansas City, …

POSTED NOVEMBER 17, 2017 2:16 PM

Business Insurance - _Risk Management

Northern California wildfires to be costliest in US history: Fitch
October's California wildfires will be the costliest wildfire loss in U.S. history, U.K.-based Fitch Ratings Ltd. said, citing insured loss estimates of $8 billion.

POSTED NOVEMBER 17, 2017 9:59 AM
The BI Top 10
This week's most popular stories include news about Axa and Zurich, as well as a cease-and-desist order for a California insurer selling workers comp policies.

POSTED NOVEMBER 17, 2017 8:35 AM
FEMA puts call out for 2018 NFIP reinsurance bids


POSTED NOVEMBER 16, 2017 1:45 PM
Insurer wins coverage dispute with port terminal


POSTED NOVEMBER 16, 2017 1:12 PM
Johnson & Johnson hit with $247 million verdict in hip implant trial


POSTED NOVEMBER 16, 2017 12:59 PM
Barbican expands to US southeast coast with specialty MGA


POSTED NOVEMBER 16, 2017 12:27 PM
Hornswoggled by Disney? ‘Pirates’ writers take matter to court
Disney may have to walk the plank: A. Lee Alfred II, Ezequiel Martinez Jr. and Tova Laiter are suing the Walt Disney Co., claiming that the screenplay for the film “Pirates of the Caribbean” was stolen from them.

POSTED NOVEMBER 16, 2017 12:13 PM
Billionaire founder of Insys to plead not guilty to opioid bribe scheme


POSTED NOVEMBER 16, 2017 11:24 AM
German storm Xavier losses hit $344 million: Perils
Extratropical Cyclone Xavier, which primarily affected Germany last month, caused an estimated €291 million ($344 million) in insured losses, Swiss catastrophe data firm Perils said Thursday.

POSTED NOVEMBER 16, 2017 11:12 AM
Beazley introduces new version of cyber policy
Beazley P.L.C. is introducing a new version of its Beazley Breach Response cyber policy for small and midsize businesses that includes business interruption coverage.

POSTED NOVEMBER 16, 2017 10:33 AM

Property Casualty 360

Jury sides with J&J in first trial linking talc product to mesothelioma
A California jury has sided with Johnson & Johnson in the first trial over whether its iconic baby powder caused a woman to get mesothelioma.

POSTED NOVEMBER 17, 2017 11:47 AM
Post traumatic stress disorder — suffering in silence
Will a season of catastrophes and shootings increase the risk for insurers and victims?

POSTED NOVEMBER 17, 2017 7:30 AM
Building a successful property subrogation program
Approximately 15% of claims are closed without identifying subro opportunities.

POSTED NOVEMBER 17, 2017 7:00 AM
3 ways machine learning is transforming insurance
Progressive Insurance, Zurich Insurance and Transamerica all use machine learning to detect fraud — and more.

POSTED NOVEMBER 17, 2017 6:15 AM
5 tips to maintaining great carrier relationships
Insurance agents and carriers need each other. Here are five tips for ways to ensure that the relationship succeeds.

POSTED NOVEMBER 17, 2017 6:00 AM
Understanding private flood insurance options
Insurance agents can use these seven questions to guide a discussion with their clients about private flood insurance options.

POSTED NOVEMBER 17, 2017 5:00 AM
Insurers now need to anticipate workplace diversity issues
Employment practices liability insurance is evolving to suit today's workplace diversity issues. But challenges are ahead for both employers and carriers.

POSTED NOVEMBER 17, 2017 12:30 AM
5 insurance advisor marketing mistakes to avoid
The right marketing tactics can help insurance agents and brokers reach their goals.

POSTED NOVEMBER 17, 2017
American Academy of Actuaries names new president
The American Academy of Actuaries's new president Stephen Alpert began a one-year term this week.

POSTED NOVEMBER 16, 2017 2:44 PM
Most Americans in 12 years to travel for Thanksgiving, AAA says
U.S. Thanksgiving travel will jump to the highest level since 2005 boosted by a stronger economy, even as gasoline prices will be higher than a year earlier.

POSTED NOVEMBER 16, 2017 12:17 PM

Business Insurance

Northern California wildfires to be costliest in US history: Fitch
October's California wildfires will be the costliest wildfire loss in U.S. history, U.K.-based Fitch Ratings Ltd. said, citing insured loss estimates of $8 billion.

POSTED NOVEMBER 17, 2017 9:59 AM
The BI Top 10
This week's most popular stories include news about Axa and Zurich, as well as a cease-and-desist order for a California insurer selling workers comp policies.

POSTED NOVEMBER 17, 2017 8:35 AM
Quake causes more than $6 billion of damage
Mojtaba Nikkerdar, deputy governor of Iran's Kermanshah province, said that a Nov. 12 quake caused an estimated $6.3 billion worth of damage in the province.

POSTED NOVEMBER 17, 2017 4:49 AM
Brexit-induced business losses, shortage of skills weigh on U.K. brokerages
U.K.-based insurance brokers are expected to face several challenges in 2018, such as a potential loss of business due to Brexit, shortage of skills and demand to specialize, among others.

POSTED NOVEMBER 17, 2017 4:47 AM
Kenyan insurers have no disposal capital to pay claims: Report
A report by Kenya-based Kenbright Actuarial and Financial Services Ltd. found that several local insurers have almost no disposable capital or capacity to pay claims in case of any shocks in the market.

POSTED NOVEMBER 17, 2017 4:43 AM
UK regulator warns banks about cyber risk amid new ring-fencing rules
U.K.'s regulator Financial Conduct Authority said that local banks could become vulnerable to cyber attacks following changes to account data of about a million clients as part of new ring-fencing rules.

POSTED NOVEMBER 17, 2017 4:41 AM
Chubb sets up new Asia Pacific division for SMEs
Switzerland-based insurer and reinsurer Chubb Ltd. has set up a division in Asia Pacific to serve the risk management needs of small and medium-sized enterprises.

POSTED NOVEMBER 17, 2017 4:39 AM
Dutch insurer's profit rises nearly 70%
Dutch insurer NN Group N.V.'s net profit grew 68% year over year to €734 million ($865.4 million) in the third quarter.

POSTED NOVEMBER 17, 2017 4:38 AM
Brazil's insurance regulator to include payment of fines in D&O coverage
Brazil's insurance regulator Nov. 20 plans to apply new rules in the directors and officers insurance segment, such as inclusion of payments of fines.

POSTED NOVEMBER 17, 2017 4:34 AM

Business Insurance - _Workers Comp

Florida medical payments per comp claim stabilize
Medical payments per workers compensation claim in Florida remained stable in 2015 following moderate growth from 2010 through 2014, says a study by the Workers Compensation Research Institute.

POSTED NOVEMBER 16, 2017 2:28 PM
California orders insurer to stop selling comp coverage
California Insurance Commissioner Dave Jones on Thursday ordered an insurer and its affiliates to stop selling workers compensation and liability policies because it is not properly licensed with the state.

POSTED NOVEMBER 16, 2017 2:11 PM
California’s nonfatal worker injuries, illnesses remain low
California’s overall incidence rate of nonfatal occupational injuries and illnesses remained steady at 3.7 cases per 100 workers for full-time employees, according to California’s Department of Industrial Relations.

POSTED NOVEMBER 16, 2017 1:25 PM
Safety culture led to Amtrak derailment: NTSB
A weak safety culture led to the 2016 derailment of an Amtrak train that killed two employees, according to a report published by the National Transportation Safety Board.

POSTED NOVEMBER 15, 2017 12:54 PM
WCRI study shows Delaware fee schedule decrease
Delaware’s overall workers comp fee schedule rates for professional services has decreased by 40% since enactment of reform legislation in 2015, says a study released by the Workers Compensation Research Institute.

POSTED NOVEMBER 15, 2017 11:35 AM
California regulators suspend 12 more providers


POSTED NOVEMBER 15, 2017 10:59 AM
Toxic water poses danger to recovery workers after catastrophes
Contaminated water from natural disasters can present multiple safety hazards that employers should be aware of, including water full of toxins and bacteria, when it comes to protecting workers.

POSTED NOVEMBER 15, 2017 7:08 AM
Workers comp pharmacy spend down 11%: Study


POSTED NOVEMBER 14, 2017 3:01 PM
Texas insurance department proposes fee increases to fund comp operations
The Texas Department of Insurance is proposing an increase in maintenance taxes and fees to fund some of its operations, including those related to workers compensation regulatory efforts.

POSTED NOVEMBER 14, 2017 1:03 PM
Transportation department expands opioid testing to include semisynthetics


POSTED NOVEMBER 14, 2017 10:24 AM

Progressive Agent Articles - Insurance Basics

Auto Insurance Made Easy
Understanding insurance can often be like trying to learn a foreign language. Many find it confusing and intimidating. Fortunately, there's help. Here is a quick reference designed to help you understand some of the most common kinds of coverages. The reference was put together by The Progressive Group of Insurance Companies.

POSTED JANUARY 14, 2009 1:00 PM
Fact or Fiction: Uncovering Auto Insurance Myths
Like a teenager eager to try a new video game, playing before reading the rules, many drivers buy insurance without really understanding what they're buying. In the rush to feel “covered,” they can skip the details. That can lead to frustration. Following are five insurance myths heard by some of the more than 13,000 claims people at Progressive, one of the country’s largest auto insurance companies.

POSTED FEBRUARY 12, 2009 1:00 PM
Putting Insurance Companies to Work for You
Car insurance may be one of the last things that comes to mind when you think about saving time, but the insurance company you choose can actually have a big impact on your time should trouble strike.

POSTED MAY 06, 2009 1:00 PM
Car Insurance Myths Debunked
Do red cars really cost more to insure? Is Comprehensive coverage really comprehensive? Should you and your neighbor be paying the same amount for car insurance? Leading car insurer Progressive debunks a few of the more widely held myths.

POSTED AUGUST 27, 2009 1:00 PM
Six Steps To Take If You're In An Accident
Car accidents can wreak havoc on an otherwise peaceful day. Even if they’re minor, they can often create confusion. You might ask yourself, how should I react? What should I do? Leading car insurer Progressive offers these simple steps to follow after an accident.

POSTED NOVEMBER 05, 2009 1:00 PM
Used Car Buying Tips
Before you buy a used vehicle, here are a few tips from leading car insurer Progressive to make sure you're getting your money's worth.

POSTED JANUARY 04, 2010 1:00 PM
Cutting New-Car Costs
To help consumers control car costs—from sticker price to insurance premiums—The Progressive Group of Insurance Companies offers these tips.

POSTED MARCH 15, 2010 1:00 PM
Four Questions To Get The Right Auto Insurance
Having the right type of policy can help ensure that you, your employees and your business are all protected in the unfortunate event that one of your vehicles is involved in an accident.

POSTED MAY 17, 2010 1:00 PM
Take Action to Avoid Driving Distractions
It may seem harmless to answer a quick call, grab a bite to eat or let your dog ride in your lap when you're behind the wheel. But in 2008, accidents caused by distracted drivers injured about 515,000 people. It takes two hands, a sharp eye, and your full attention to safely drive your car. Anything that keeps you from doing so means you're driving while distracted, or "DWD."

POSTED OCTOBER 10, 2010 1:00 PM
Smart Tips for Insurance Shoppers
When buying a car, there's more to consider than the make and model. Price, size, gas mileage—even the way it feels behind the wheel—affect your decision. You also should weigh your options when buying auto insurance. With many brands and features and price ranges out there, it pays to do your homework.

POSTED JANUARY 31, 2011

NOTICE: The links and articles found on or within this news center are simply for informational purposes that we believe may be of benefit to our clients and/or website visitors. By providing these links on our website, we are not recommending or endorsing the use of the particular products or services these third parties offer. Nor does Carolina Insurance Group confirm, corroborate or agree to the statistics or opinions on these links and articles. We urge you to review each website’s Privacy Policy, Disclaimers, and develop an independent opinion of the service or product for any link pursued.

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