Archive for April 2016

State Farm has overcharged its customers roughly $78 million since at least July 2015, and should be required to refund that money, Consumer Watchdog told the California Department of Insurance last week. The group wants State Farm to cut its rates … Read More Read more here:: Insurance Journal       

By Don Jergler Workers’ compensation, geopolitical risks, recalls, disaster response, the captive industry and cyber security were among the topics of sessions held throughout the final day of the annual RIMS conference for risk management and insurance professionals in San Diego, Calif. The … Read More Read more here:: Insurance Journal       

A Connecticut insurance agent authorities say defrauded a specialty lender, insurance carriers, the city of Hartford and the state of Connecticut out of more than $2 million to fund a lavish lifestyle has been sentenced to more than six years … Read More Read more here:: Insurance Journal       

Exxon Mobil Corp. is squaring off against government investigators who believe the energy giant covered up knowledge of how fossil fuels contribute to climate change. Exxon went to state court this week in Texas to quash a subpoena issued last … Read More Read more here:: Insurance Journal       

Florida-Based Baldwin Krystyn Sherman Partners (BKS-Partners), has appointed Amy Ingram as managing director of the Commercial Risk Management Group. She will be based in company’s Tampa office. Ingram joins BKS-Partners with more than 20 years of experience in the insurance … Read More Read more here:: Insurance Journal       

Ryan Von Haden, partner and vice president of Business Accounts with TRICOR insurance in Madison, Wis., has been named the 2016 PIA National Young Insurance Professional of the Year. “You know that a young agent is destined to make his mark on … Read More Read more here:: Insurance Journal       

More than three-quarters of U.K. public companies surveyed by an auditors’ group haven’t discussed contingency planning for the nation’s potential exit from the European Union with the chairman or the head of the board’s audit committee. Over 60 percent of … Read More Read more here:: Insurance Journal       

Chubb Ltd. announced it has entered into a long-term preferred provider distribution agreement with Suning, one of the largest and most recognized retail brands in China. Under the terms of the agreement, Chubb and Suning will partner to develop and market … Read More Read more here:: Insurance Journal       

Verisk Insurance Solutions said it is making its data for loss estimating of commercial properties available to managing general agents (MGA), managing general underwriters (MGU), and program administrators and others in excess and surplus lines. The data had been only … Read More Read more here:: Insurance Journal