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N.Y. Compensation Insurance Rating Board Seeks 16.9% Hike in WC Loss Costs
The New York Compensation Insurance Rating Board (NYCIRB) said it submitted to the state’s Department of Financial Services last week a loss-cost filing for an overall average loss cost change of +16.9 percent. A hearing is likely to be scheduled …
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Crystal & Co. Exec Moves to Hub International in New York
Chicago-based broker Hub International’s Northeast division hired Scott Konrad as senior vice president and not-for-profit business practice leader. Based in Hub’s New York City office, Konrad will be responsible to build, brand, grow and lead a specialty practice serving the …
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N.Y. Assembly’s Anti-Concurrent Causation Bill Moves Forward
The New York State Assembly’s insurance committee on Thursday approved a bill that aims to prohibit the insurer’s use of anti-concurrent causation (ACC) clauses in the state. The bill, A07455, is now eligible to be voted on by the entire …
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2 Sentenced for Insurance Fraud in Ohio
Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor announced that two insurance fraud investigations have led to criminal convictions in the Columbus and Cleveland areas. The cases were related to insurance claim padding totaling nearly $20,000. Randall Stewart, …
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Ohio Firm Launches Program Aimed at Opioid Abuse in Workers’ Comp
Lewis Center, Ohio-based Modern Medical announced the nationwide roll out of a program designed stop the rise of opioid abuse in the workers’ compensation industry. Opioid Defense Manager (ODM) was launched in November 2012 in a test phase, the company …
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Weather Service: Kansas Weekend Tornado Was an EF4
The National Weather Service says a tornado that traveled seven miles across rural western Kansas during the weekend was an EF4, with winds of 165 to 185 mph. The report from the agency’s Dodge City office follows a survey of …
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No New Federal Funds Needed for Oklahoma Tornado Recovery
Top U.S. lawmakers and officials said that the federal government has plenty of money on hand to pay for recovery efforts in the wake of the devastating tornado that struck Oklahoma. The government has more than $11 billion in its …
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Louisiana’s Sen. Landrieu Seeks to Delay Flood Insurance Increases
Sen. Mary Landrieu filed legislation this week to delay flood insurance increases for many residents and businesses in southern Louisiana that officials fear could begin skyrocketing at the end of the year. The National Flood Insurance Program reauthorization was approved …
The article Louisiana’s Sen. Landrieu Seeks to Delay Flood Insurance Increases appeared first on Insurance Journal.
Oklahoma City Mayor: Up to 13K Homes Hit by Tornado
Oklahoma City Mayor Mick Cornett says 12,000 to 13,000 homes were affected by the tornado that tore through a city suburb. At least 24 people died when the tornado laid waste to Moore on May 20. The Oklahoma Insurance Department …
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Idaho State University To Pay $400K For Medical Records Breach
Idaho State University is paying a $400,000 to the federal government to settle allegations it improperly exposed confidential medical records. In August 2011, ISU told the U.S. Department of Health and Human Services of a breach of its unsecured electronic …
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1-3 Tropical Cyclones Expected For Central Pacific
It’s looking like it’ll be a below-normal hurricane season for the central Pacific. The National Oceanic and Atmospheric Administration issued its 2013 central Pacific hurricane outlook Wednesday at a news conference in Honolulu. Hurricane season starts June 1 and runs …
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Guest Workers in Mississippi Sue Company, Claim Exploitation
Dozens of Indian guest workers are suing a U.S.-based marine and fabrication company, saying it financially exploited them and forced them to live in squalid conditions after bringing them to work at Gulf Coast shipyards after Hurricane Katrina in 2005. …
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Judge Recuses Herself from West Virginia University Degree Lawsuit
U.S. District Judge Irene Keeley has disqualified herself from hearing a lawsuit filed over a 6-year-old degree scandal at West Virginia University, citing a federal statute that requires judges to step aside if their impartiality could be questioned. The order …
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California Offers Glimpse Into Health Insurance Prices Under Obamacare
California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across …
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Bridge Collapse in Washington Cripples Highway Near Seattle
A section of a major interstate highway bridge in Washington state collapsed yesterday, sending two vehicles into the rushing waters of the Skagit River north of Seattle. Three people were rescued and no one is believed to have died, authorities …
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76 Tornadoes in May Caused $2B-$5B in Insured Losses: Eqecat
Tornadoes that struck the United States from May 18 to May 20 caused anywhere from $2 billion to $5 billion in insured losses, disaster modeling company Eqecat said. The firm said most of the losses were attributed to the tornado …
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EU Lawmakers Back French Demands to Limit U.S. Trade Talks
European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington. The European Parliament, which can veto EU trade …
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Marsh to Acquire Peru Insurance Advisor Rehder y Asociados
Global broker Marsh Inc. announced that it has reached a definitive agreement to acquire the Rehder y Asociados Group, an insurance advisor in Peru. Marsh said the “business includes the insurance broker Rehder y Asociados and employee health and benefits …
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ACE Receives Approval for Myanmar Representative Office
The ACE Group announced that it has received provisional approval from Myanmar’s Directorate of Investment and Company Administration to establish a representative office in the country. ACE said it is “now completing the registration process with the relevant Myanmar authorities …
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ABI Approves UK Government Plan to Highlight Insurers’ Global Role
A bulletin from the Association of British Insurers (ABI) notes that the UK’s Financial Secretary to the Treasury Greg Clark announced on Tuesday May, 21 that the Government has outlined a “strategy for the insurance sector to enhance its position …
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Local Agents/National Power is the foundation of each agency partnership at TAG. Agency success and development, through support and collaboration with TAG staff, carriers and other agents, is the cornerstone of TAG’s philosophy and mission. A mutual commitment to this shared vision is what strengthens each TAG partnership every day. TAG corporate is licensed to conduct business in 45 States; giving our agent partners the opportunity to write business countrywide. As a result, TAG is among the largest and fastest growing insurance agencies in the Western United States.
