Regional news:
Obamacare’s full impact on workers’ compensation not yet known
Employers are cautiously waiting to understand the full impact of the Affordable Care Act on workers’ compensation — the effects of which could put either upward or downward pressure on costs and claim trends. Employers can and should take steps to increase the value of the positives and mitigate any negatives while waiting for the health care reform dust to fully settle.
Nearly 70% of middle-market consumers say it is hard to know which online sources of life insurance and financial advice they can trust, according to a recent LIMRA study.
Consumer-focused shopping and enrollment is the most valuable capability for a successful private exchange, according to opinions of healthcare industry professionals.
Approximately 78% of workers recognize their personal responsibility to save for their retirement, and among defined contribution (DC) plan participants, 84% feel it is their responsibility to save for their retirement, according to LIMRA.
Overcapacity in the international construction, property & casualty markets in the first half of 2014 has resulted in rate reductions of up to 30% for commercial insurance buyers, according to Willis Group Holdings.
Atlantic Information Services Inc. has released its latest report entitled Private Exchanges: The New Business Model for Insurers and Employers, that examines how private exchanges work, the best models and pros and cons.
Markel Ventures, the investment arm of Richmond, Va.-based specialty insurance underwriter Markel Corporation, acquired Cottrell, a global leader in the over-the-road automobile transport equipment industry.
Independent financial professionals work with many companies but place business with only about half of them. How they decide which company gets more business depends on the value proposition a company offers.
Mid-Atlantic NAMIC convention in Baltimore, Aug. 3-5
Filed in: Maryland, National, New Jersey, Pennsylvania, Property-Casualty Insurance News, Virginia
The 107th Mid-Atlantic Mutual Advantage Convention is scheduled for August 3-5 at the Baltimore Marriott Waterfront Hotel in Baltimore, Md.
Markel Corp. has appointed Thomas K. “Smitty” Smith to the newly created position of chief marketing officer at its Richmond, Va., headquarters.
U.S. and Canadian buyers and sellers announced 165 mergers and acquisitions of insurance agents and brokers in the first half of 2014, with a significant number involving private equity-backed firms, according to a recent report from Optis Partners.
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Miami agent arrested in alleged $1.1 million insurance premium theft
NY State Insurance Fund appoints 4 new commissioners
USG expands in California with new staff
Tompkins Financial promotes Susan Valenti to executive vice president
Carlos Gutierrez, the former president and owner of G.M. Underwriters in Miami, has been arrested on grand theft and fraud charges after an investigation revealed he stole nearly $1.1 million in insurance premiums from seven insurance and premium finance companies. Read »
A former Des Moines, Iowa, insurance agent was sentenced to 41 months in prison for insurance fraud. Read »
