Archive for January 2017

American International Group Inc. announced that it has entered into a reinsurance agreement covering many of the long-term risks on previously-written commercial insurance policies. The agreement, with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc., is effective January … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield A Massachusetts appeals court used a recent case to warn auto insurers that it is important to take retail book value into consideration early in the settlement process. While the court ruled in favor of defendant Massachusetts Homeland Insurance Company … Read More Read more here:: Insurance Journal       

Vermont State Police are crediting two fire safety officials with saving the lives of three children and an adult who safely escaped a fire in a Brighton home days after the officials required that smoke detectors be installed in the … Read More Read more here:: Insurance Journal       

NSM Insurance Group, a Conshohocken, Penn., based property and casualty insurance services firm, has promoted John Buler to director of the NSM Retail department. NSM Retail provides commercial property and casualty insurance and risk management services to middle market businesses … Read More Read more here:: Insurance Journal       

On-demand insurance agency Sure has signed Nationwide as a partner in offering renters insurance via its real time mobile app. Using the Sure app (for iPhone and Android), consumers can now obtain a renters insurance quote, purchase a policy, and … Read More Read more here:: Insurance Journal       

Beverly City Hall had to be evacuated along with several other buildings after officials say an underground electrical fire released dangerous amounts of carbon monoxide. Firefighters were called to city hall on Tuesday morning after smoke began emanating from a … Read More Read more here:: Insurance Journal       

Workplace injuries and accidents that cause employees to miss six or more days of work cost U.S. employers $59.9 billion in 2014, the most recent year for which statistically valid injury data are available, according to the 2017 Liberty Mutual … Read More Read more here:: Insurance Journal       

Car makers and tech firms are convinced that driverless cars are the future, but they appear to be ahead of consumers in that thinking. Only 23 percent of Americans say they are willing to ride in an autonomous car, while … Read More Read more here:: Insurance Journal       

By Elizabeth Blosfield A beach town is using blunt legal arguments to resist a demand that it permanently close a section of beach where a man plunged into an inlet and drowned when the sand gave way beneath his feet. North Wildwood acknowledges … Read More Read more here:: Insurance Journal