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News Center

News – Insurance Journal

Trump’s Labor Board Overturns Obama ‘Joint Employer’ Rule
A U.S. labor board on Thursday overturned an Obama-era ruling that had made it easier for unions and workers to hold companies accountable for practices of contractors and franchisees, a decision welcomed by business groups that could affect a major …

POSTED DECEMBER 15, 2017 6:03 PM
Florida Disaster Fraud Team Investigation Leads to False Claim Arrest
A Florida man was arrested last month after he was caught lying to his insurance company in an attempt to file a false insurance claim for vehicle for damage allegedly caused by Hurricane Irma, according to a statement from Florida …

POSTED DECEMBER 15, 2017 5:59 PM
Issuer Credit Rating of Ohio’s Affinity Mutual Insurance Co. Downgraded
A.M. Best announced it has has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating (FSR) of B++ (Good) of Affinity Mutual Insurance Co. (AMIC) in Lima, Ohio. The outlook of …

POSTED DECEMBER 15, 2017 5:52 PM
OSHA Rule Requiring Electronic Reporting of Injuries Goes Into Effect
A federal rule requiring certain employers to electronically submit injury and illness reports goes into effect today. The rule applies to businesses in many states with 250 or more employees that are currently required to keep OSHA injury and illness …

POSTED DECEMBER 15, 2017 5:51 PM
Michigan Insurance Agent Sentenced for Embezzling $800K from Clients
A suburban Detroit insurance agent has been sentenced to at least six years in prison for embezzling more than $800,000 from a dozen elderly clients. Paul Garceau Jr. of Grosse Pointe Park had pleaded guilty to embezzlement by an agent …

POSTED DECEMBER 15, 2017 5:48 PM
PolyMet Secures $544M in Surety Bonds, Funding for Wisconsin Mine Costs
PolyMet Mining Corp. is offering the state a $544 million package of financial assurances to serve as an insurance policy to protect taxpayers from potentially having to cover the costs of closing and cleaning up a controversial copper-nickel mine it …

POSTED DECEMBER 15, 2017 5:46 PM
Westcap Insurance Services Ups Limits for Contractors Program, Expands into Arizona
Solvang, Calif.-based Westcap Insurance Services, LLC has expanded its admitted program for contractors to now include Arizona domiciled risks. Westcap also announced increased limits and other product enhancements to the program in the state of Washington. Westcap will now offer …

POSTED DECEMBER 15, 2017 5:44 PM
Truman Taylor Insurance Closes, Joins Galveston Insurance Associates
Texas Sen. Larry Taylor, president of Truman Taylor Insurance in Friendswood, is closing his agency after 55 years of operation and joining Galveston Insurance Associates (GIA), effective Dec. 15. GIA has been operating on Galveston Island for 125 years and …

POSTED DECEMBER 15, 2017 5:44 PM
Louisiana Citizens Property Insurance Policy Count Continues to Drop
The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. The eleventh round of depopulation is underway for the Louisiana …

POSTED DECEMBER 15, 2017 5:35 PM
Texas Regulators Say Workers’ Comp Costs Down 63% Since 2005
More Texas businesses are providing workers’ compensation insurance as the cost of coverage continues to decline, according to the Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC). Premiums have fallen by 63 percent since 2005 as department has …

POSTED DECEMBER 15, 2017 5:11 PM

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