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Tennessee Department Obtains $11.5M for Policyholders in Insurance Claims Disputes
The Tenneesse Department of Commerce and Insurance secured a record $11.5 million for policyholders in 2022, after mediating complaints about insurers. The department’s insurance services team mediated 3,249 complaints last year, resulting in numerous claims denials being overturned or additional …
POSTED FEBRUARY 01, 2023 6:02 AM |
Florida Approves New WC Rule: Carriers Must Verify Subcontractor Employees
The National Council on Compensation Insurance has laid down the law, requiring Florida workers’ compensation insurers to verify employees before arbitrarily charging premium for subcontractors’ exempt officers. The question now is, will insurers abide or will they choose to ignore …
POSTED FEBRUARY 01, 2023 6:01 AM |
Home Heating Oil Leak Is Covered Due to Pollution Ambiguity, Rhode Island Court Rules
The Rhode Island Supreme Court for the first time has found the definition of pollution in a commercial policy ambiguous enough to justify vacating a lower court’s summary judgment in favor of the insurer. The insurer, Arbella Protection Insurance Co., …
POSTED FEBRUARY 01, 2023 6:00 AM |
Maine AG Fines Moving Company Over Threatening Emails to Negative Reviewers
A moving and storage company in Maine has agreed to pay a $125,000 fine and refrain from using a misleading email address to threaten customers who leave negative reviews, according to the state attorney general’s office. The attorney general’s office …
POSTED FEBRUARY 01, 2023 6:00 AM |
Q&A: Louisiana Commissioner Jim Donelon on Special Session to Address Insurance Crisis
In the aftermath of Hurricane Katrina, Louisiana lawmakers created a $29 million incentive fund to lure property insurance companies to write business in the state. The Insure Louisiana Incentive Program provided grants to five insurers, who were required to match …
POSTED JANUARY 31, 2023 11:24 PM |
California Earthquake False Alarm Offers a Lesson for Crisis Communicators
An earthquake false alarm nearly four years ago can teach disaster and emergency planners – and any crisis communicators, including insurers – a thing or two about communicating to the public during following a crisis. In May 2019, an alert …
POSTED JANUARY 31, 2023 10:42 PM |
People Moves: NFP Hires Hawley as SVP in its Surety Practice
NFP Hires Hawley as Senior Vice President in its Surety Practice NFP, a New York, NewYork-based property and casualty broker, benefits consultant, wealth manager, and retirement advisor, has hired Aaron Hawley as a senior vice president in its Surety practice. …
POSTED JANUARY 31, 2023 5:47 PM |
Missouri Engineering Company Fined $198K After Fatal Electrocution
A fourth-year apprentice heating, ventilation and air conditioning technician employed by U.S. Engineering Services suffered fatal electrocution after coming in contact with energized parts while repairing HVAC equipment on Aug. 24, 2022, at University Academy, a college prep charter school …
POSTED JANUARY 31, 2023 5:32 PM |
Davies Acquires Illinois’ MVP
Davies announced the acquisition of MVP Advisory Group, LLC (“MVP”), the consulting business specializing in advisory & transformation projects for the property & casualty and life & health insurance markets. With headquarters in Chicago, Illinois, US, MVP’s insurance & technology …
POSTED JANUARY 31, 2023 5:25 PM |
Texas Power Grid Holding Up Amid Winter Storm
A dayslong winter storm warning in Texas is already disrupting travel plans and closing schools, but state officials say the power grid is holding up. According to the National Weather Service, tens of millions of people in Texas and mid-South …
POSTED JANUARY 31, 2023 5:19 PM |
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