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How Home Values Track with High, Low Risk of Natural Hazards: ATTOM Data
Americans are still buying homes in areas with high risk of natural hazards and the homes in those cities continue to appreciate in value far faster than homes in low natural hazard locales. However, the effect on home values of …

POSTED SEPTEMBER 22, 2017 4:48 PM
Ratings of Illinois’ Prime Insurance Company Upgraded
A.M. Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating to “a” from “a-” of Prime Insurance Company (PIC) in Chicago, Ill. The outlook of these ratings has been revised …

POSTED SEPTEMBER 22, 2017 4:39 PM
Ohio Increases Fines Against Pipeline Developer to $2.3M
Ohio’s environmental regulators have more than doubled the proposed fines against a company building a natural gas pipeline from West Virginia to Michigan, saying the two sides are at an impasse. The fines now stand at $2.3 million and stem …

POSTED SEPTEMBER 22, 2017 4:36 PM
Jump in Energy Contract Lawsuits Expected in Harvey’s Wake
Lawyers expect a spate of force majeure contract lawsuits after Hurricane Harvey tore through Southeast Texas and parts of Louisiana last month, paralyzing a fifth of U.S. fuel output and pushing some oil production offline. Hurricanes and other natural disasters …

POSTED SEPTEMBER 22, 2017 4:19 PM
U.S. and EU Sign Covered Agreement on Insurance Regulation
The United States and European Union have scheduled a ceremony for today for the signing of a bilateral agreement on prudential insurance and reinsurance measures. Both sides announced in July their intention to sign the agreement, also known as a …

POSTED SEPTEMBER 22, 2017 4:13 PM
Researchers: FEMA’s Houston Flood Maps Outdated Long Before Harvey
The Federal Emergency Management Agency’s flood plain maps for parts of southeastern Houston were woefully out-of-date long before Hurricane Harvey ravaged the Texas coast, a new study suggests. Researchers at Rice University and Texas A&M University at Galveston studied one …

POSTED SEPTEMBER 22, 2017 4:06 PM
Minnesota Gov. Cranks Up Pressure on Feds to Protect Health Programs
Minnesota Gov. Mark Dayton blasted federal health officials on Sept. 20 for holding up approval of a program meant to lower health insurance costs and threatening millions of dollars in cuts to health care for the working poor. State lawmakers …

POSTED SEPTEMBER 22, 2017 4:04 PM
Sullivan Appointed as Texas Insurance Commissioner
Texas has a new insurance commissioner. Texas Gov. Greg Abbott has named Kent Sullivan to serve as insurance commissioner and head of the Texas Department of Insurance. His term expires Feb. 1, 2019. The post has been vacant following the …

POSTED SEPTEMBER 22, 2017 3:45 PM
SEC Hacking Latest in Series of Government Agency Cyber Breaches
A major computer hack at America’s top stock market regulator is the latest sign that data stored in the highest reaches of the U.S. government remains vulnerable to cyber attacks, despite efforts across multiple presidencies to limit high-profile breaches that …

POSTED SEPTEMBER 22, 2017 3:41 PM
New Bridge Design Tested by Nevada Quake Lab Following Mexico Quake
Scientists at a Nevada earthquake lab this week tested new bridge designs with connectors they say are innovative and created to better withstand violent temblors and speed reconstruction efforts after major quake damage. University of Nevada, Reno engineers performed the …

POSTED SEPTEMBER 22, 2017 3:10 PM

Business Insurance - _Risk Management

Mexico quake losses could reach $2 billion: AIR
Insured losses from the magnitude 7.1 earthquake that struck central Mexico Sept. 19 will be between 13 billion and 36.7 billion Mexican pesos ($726.7 million and $2.05 billion), according to catastrophe modeling firm AIR Worldwide.

POSTED SEPTEMBER 22, 2017 4:26 PM
Maria losses in Caribbean likely to top $1 billion
Insured losses in the Caribbean from Hurricane Maria will likely top $1 billion, and economic losses could be much more severe, according to Impact Forecasting’s “Weekly Cat Report September 22, 2017,” issued by the Aon Benfield unit early Friday.

POSTED SEPTEMBER 22, 2017 1:19 PM
Texas governor appoints insurance commissioner
Texas Gov. Greg Abbott has appointed Kent Sullivan as Insurance Commissioner for a term set to expire Feb. 1, 2019.

POSTED SEPTEMBER 22, 2017 12:50 PM
Business Insurance names EMEA Women to Watch honorees
Business Insurance has announced the honorees for its first international version of Women to Watch, recognizing honorees from Europe, the Middle East and Africa.

POSTED SEPTEMBER 22, 2017 11:45 AM
US, EU to sign covered agreement on insurer equivalency


POSTED SEPTEMBER 22, 2017 10:23 AM
The BI Top 10
This week's most popular stories include several executive moves at insurers and brokers, along with updates on September's rash of hurricanes and earthquakes.

POSTED SEPTEMBER 22, 2017 9:31 AM
Technology risks top North American business worries in 2017
Terrorist attacks, large cyber attacks, and misuse of technology are the top risks facing businesses in the United States, according the World Economic Forum survey released Wednesday.

POSTED SEPTEMBER 21, 2017 2:54 PM
Holistic evaluation can help companies create workforce diversity
The commercial insurance industry can learn from other industries about how best to create a more diverse and inclusive workforce, according to experts speaking at the 2017 Business Insurance Diversity & Inclusion Institute Conference on Tuesday in Chicago.

POSTED SEPTEMBER 21, 2017 2:43 PM
Global reinsurers rocked by storms and quakes
(Reuters) — A profit warning from one of the world's largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the titans of global finance.

POSTED SEPTEMBER 21, 2017 1:49 PM
Homeland Security found SEC had ‘critical’ cyber weaknesses in January
(Reuters) — The U.S. Department of Homeland Security detected five "critical" cyber security weaknesses on the Securities and Exchange Commission's computers as of Jan. 23, 2017, according to a confidential weekly report reviewed by Reuters.

POSTED SEPTEMBER 21, 2017 1:33 PM

Property Casualty 360

People on the move in the P&C insurance industry: Sept 22, 2017
News from Baldwin & Lyons Inc., American Technologies Inc., Sharestates and more.

POSTED SEPTEMBER 22, 2017 12:00 PM
5 South Florida lawyers arrested in alleged insurance fraud scheme
Detectives arrested five South Florida personal injury attorneys accused of participating in an insurance fraud with lucrative kickbacks.

POSTED SEPTEMBER 22, 2017 6:30 AM
Is it possible to fix the healthcare system?
Congress needs to understand the basic tenets of insurance before it can take action.

POSTED SEPTEMBER 22, 2017 6:00 AM
Bake the cake: The 6 P’s to insurance sales excellence
After spending 20 years in sales with corporate America, the author has determined that a good sale is like baking a cake.

POSTED SEPTEMBER 22, 2017 6:00 AM
5 warning signs of an embezzler
It might be hard to catch an embezzler because some of the characteristics of him or her may be counterintuitive.

POSTED SEPTEMBER 22, 2017
Hurricane Maria's destruction in pictures
The deadly hurricane continues its path of destruction through the Caribbean.

POSTED SEPTEMBER 21, 2017 6:15 PM
More hurricane aid pledged as lawmakers tour Houston-area damage
Congress will need to provide 'substantially more' money for hurricane recovery than the initial $15.25 billion passed earlier this month, Texas Senator Ted Cruz said.

POSTED SEPTEMBER 21, 2017 2:20 PM
Enter NU’s Excellence in Cyber Security Risk Management Award today!
Nominate your cybersecurity program for NU's Excellence in Cyber Security Risk Management Award before time runs out.

POSTED SEPTEMBER 21, 2017 1:45 PM
SEC says hack may have led to illegal trading profits
The vulnerability of governments and businesses to cyberattacks was exposed again Wednesday when a top U.S. financial regulator said hackers had breached its electronic database of market-moving corporate announcements.

POSTED SEPTEMBER 21, 2017 12:16 PM
Boston could use the help of a zombie hurricane to avoid Maria
Hurricane Maria continued its thunderous roll northward as forecasters struggled to pin down a trajectory. Whether the storm makes landfall again could be determined by a zombie.

POSTED SEPTEMBER 21, 2017 11:46 AM

Business Insurance

Mexico quake losses could reach $2 billion: AIR
Insured losses from the magnitude 7.1 earthquake that struck central Mexico Sept. 19 will be between 13 billion and 36.7 billion Mexican pesos ($726.7 million and $2.05 billion), according to catastrophe modeling firm AIR Worldwide.

POSTED SEPTEMBER 22, 2017 4:26 PM
Maria losses in Caribbean likely to top $1 billion
Insured losses in the Caribbean from Hurricane Maria will likely top $1 billion, and economic losses could be much more severe, according to Impact Forecasting’s “Weekly Cat Report September 22, 2017,” issued by the Aon Benfield unit early Friday.

POSTED SEPTEMBER 22, 2017 1:19 PM
Texas governor appoints insurance commissioner
Texas Gov. Greg Abbott has appointed Kent Sullivan as Insurance Commissioner for a term set to expire Feb. 1, 2019.

POSTED SEPTEMBER 22, 2017 12:50 PM
Medical providers suspended from comp system for fraud
The California Division of Workers’ Compensation announced Thursday that it has suspended six medical providers from participating in California’s workers compensation system, bringing the total number of suspended providers this year to 38.

POSTED SEPTEMBER 22, 2017 11:58 AM
Business Insurance names EMEA Women to Watch honorees
Business Insurance has announced the honorees for its first international version of Women to Watch, recognizing honorees from Europe, the Middle East and Africa.

POSTED SEPTEMBER 22, 2017 11:45 AM
US, EU to sign covered agreement on insurer equivalency


POSTED SEPTEMBER 22, 2017 10:23 AM
Hockey-playing state worker fouls New York comp system
An aide for a state youth detention center in New York is facing time in the workers-compensation-fraud penalty box — a.k.a. jail — after he claimed a debilitating injury kept him from doing his job but was caught playing competitive ice hockey, according to the Rome Sentinel.

POSTED SEPTEMBER 22, 2017 9:59 AM
The BI Top 10
This week's most popular stories include several executive moves at insurers and brokers, along with updates on September's rash of hurricanes and earthquakes.

POSTED SEPTEMBER 22, 2017 9:31 AM
Hurricane Maria causes widespread flooding, destroys hundreds of home in Puerto Rico
Hurricane Maria, which hit Puerto Rico on Sep. 21, caused widespread flooding, destroyed hundreds of homes, and brought down cell towers and power lines, plunging the island into darkness.

POSTED SEPTEMBER 22, 2017 4:00 AM
China orders German automotive parts maker's supplier to halt operations
Chinese authorities have ordered the supplier of German automotive parts maker Schaeffler A.G. to halt operations as they ramp up environmental regulations in an effort to tackle the country's pollution problems.

POSTED SEPTEMBER 22, 2017 4:00 AM

Business Insurance - _Workers Comp

Medical providers suspended from comp system for fraud
The California Division of Workers’ Compensation announced Thursday that it has suspended six medical providers from participating in California’s workers compensation system, bringing the total number of suspended providers this year to 38.

POSTED SEPTEMBER 22, 2017 11:58 AM
Hockey-playing state worker fouls New York comp system
An aide for a state youth detention center in New York is facing time in the workers-compensation-fraud penalty box — a.k.a. jail — after he claimed a debilitating injury kept him from doing his job but was caught playing competitive ice hockey, according to the Rome Sentinel.

POSTED SEPTEMBER 22, 2017 9:59 AM
Construction employers could see 30-day grace period on OSHA silica rule
Construction employers making good-faith efforts to comply with the U.S. Occupational Safety and Health Administration’s silica regulation could avoid citations during the first 30 days after the agency begins enforcing the rule.

POSTED SEPTEMBER 21, 2017 2:42 PM
Washington state calls for comp rate decrease
The average amount employers pay for workers compensation insurance in Washington state would drop 2.5% in 2018 under a proposal released Wednesday by Washington’s Department of Labor and Industries.

POSTED SEPTEMBER 21, 2017 10:54 AM
Veterans Administration nurse charged in comp fraud scheme
A former Veterans Administration nurse in Syracuse, New York, who filed a workers compensation claim for a back injury in 1995, allegedly filed more than $72,000 in false travel claims, acting U.S. Attorney Grant C. Jaquith’s office announced Tuesday.

POSTED SEPTEMBER 20, 2017 10:31 AM
Workplace violence guidelines remain in place under Trump administration
Employers should continue to take steps to prevent workplace violence, as guidance documents issued under the Obama administration have not been rescinded by the Trump administration.

POSTED SEPTEMBER 20, 2017 6:38 AM
Opioid weaning problems remain in California comp formulary but no delay expected
The workers compensation drug formulary in California is still on track for a Jan. 1, 2018, implementation despite lingering questions regarding opioids.

POSTED SEPTEMBER 20, 2017 6:21 AM
Improved loss costs drive New Mexico comp premiums down
The New Mexico Office of Superintendent of Insurance announced an average 16% reduction in workers compensation pure premiums for 2018.

POSTED SEPTEMBER 18, 2017 12:32 PM
Most workers comp medical reviews agree with treating physician
In the first half of 2017, more than 91.3% of all utilization review physicians’ modifications or denials of treatment that were reviewed by an independent medical review doctor in California were upheld, a study released Thursday by the Oakland-based California Workers’ Compensation Institute revealed.

POSTED SEPTEMBER 18, 2017 11:03 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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