Archive for June 2017

By Stephanie K. Jones Data collected by the Surplus Lines Stamping Office of Texas (SLTX) shows that insurance premium amounts recorded in May 2017 are higher than totals recorded in May of 2016 or 2015. The information was presented at the second-quarter SLTX Board … Read More Read more here:: Insurance Journal       

By Don Jergler Zenefits is in trouble with another government regulator. San Francisco, Calif.-based Zenefits FTW Insurance Services violated the Fair Labor Standards Act by misclassifying 743 account executives and sales development representatives in San Francisco, and in Tempe and Scottsdale, Ariz., as … Read More Read more here:: Insurance Journal       

By Don Jergler A California state judge said that San Francisco can demand from Uber records containing the ridesharing company’s driver contact information, the city attorney said. San Francisco City Attorney Dennis Herrera last month sought a court order compelling Uber Technologies Inc. … Read More Read more here:: Insurance Journal       

By Don Jergler United Valley has added Goodwin Insurance Agency Inc. of Redlands, Calif. and RBP Insurance Services Inc. of Valencia, Calif. to its network. Goodwin Insurance, which was founded in 2004 by agency owners Glenn Goodwin, Nick Goodwin and Holly Grimm, provides … Read More Read more here:: Insurance Journal       

By Andrea Wells One would expect to see high levels of satisfaction between an independent agency and its top carrier, but that isn’t always the case. Peeling back the layers usually reveals fertile ground for improvement and shows the path to higher performance … Read More Read more here:: Insurance Journal       

A Massachusetts man who worked as a financial manager for a Maine boatyard has admitted to embezzling over $700,000 from the company. The Portland Press Herald reports 50-year-old Steven Nygren, of Salem, Mass., pleaded guilty to bank fraud, credit card fraud … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson Senate Republicans’ proposal to replace Obamacare would provide an additional $50 billion over four years to stabilize insurance exchanges, relying on a mechanism Republicans have criticized in the past as a way to keep insurers in the marketplace. The plan, released … Read More Read more here:: Insurance Journal       

By L.S. Howard Olso-based Protector Forsikring is the insurer of Grenfell Tower, the residential block that was destroyed last week by a raging fire that killed 79 people. “Based on the information we have as of now, the damage is estimated at more … Read More Read more here:: Insurance Journal       

By Andrew G. Simpson The House Financial Services Committee advanced five flood insurance proposals on Wednesday, adding to the two bills it passed last week. The House measures seek to reform and reauthorize the National Flood Insurance Program (NFIP), which is set to expire … Read More Read more here:: Insurance Journal