Business is war.
Florida leads America in both young insurance agents and workers nearing retirement. The state employs more than 22,700 agents between the ages of 18 and 25, while 138,000 licensed professionals have passed their 50th birthday. Arizona and West Virginia attract higher percentages of younger workers, while Connecticut and Alabama face aging workforces that signal urgent…
A Pennsylvania appeals court upheld a bad-faith ruling against Erie Insurance but sent the case back to recalculate damages. The dispute started after a 2004 car crash when the Gambones settled with the other driver and requested underinsured motorist benefits from their carrier. An arbitrator awarded them 300,000 dollars, with policy stacking applied, but Erie…
State Farm plans to sell home and auto policies in Massachusetts starting in early 2027 after filing paperwork with state regulators. The Illinois-based carrier holds less than one percent of the market in both categories and currently services only 22,000 auto policies and 10,000 home policies for customers who have moved to the state. Spokesman…
A tornado leveled a warehouse in Springdale and triggered a lawsuit about insurance limits and contract terms. Fort Worth Partners rented the 200,000 square foot building to Nilfisk and required the tenant to buy coverage equal to full replacement value. The structure was appraised between 10.5 million dollars and 11.1 million dollars, but Nilfisk carried…
A Tennessee judge rejected a workers’ compensation claim after a truck driver waited too long to report his shoulder problem. Wayne Freeman carried cars for United Road Services and said his right shoulder hurt after unloading vehicles on April 6, 2024. He blamed the pain on overusing that arm while recovering from surgery on his…
Burns & Wilcox hired Tim Pasik as senior vice president for commercial products. He will work from the New York office and report to executive vice president Scott Higgins. Pasik previously led wholesale excess operations at Markel and held positions at Gen Re and AEGIS Insurance Services. The specialty brokerage brought back Taras Shalay as…
AGD Insurance Brokerage created a consulting arm that expands its work beyond standard coverage products. The Escajeda Holdings subsidiary will advise companies on growth strategies, operations and business expansion while keeping its property, casualty and commercial insurance lines. President Kristan Kotz said the firm wants to share entrepreneurial knowledge and help business owners build lasting…
Old Republic National Title Insurance Company sued Citibank to reclaim more than 525,000 dollars after fraudsters posed as property owners and stole money from a land deal. The title insurer paid the buyer 559,984 dollars under its policy after discovering the scam. Someone pretending to be Jerome Novak convinced an escrow company to wire the…
Nautilus Insurance Company sued three defendants in federal court after a smokestack demolition sent concrete into the Ohio River. MCM Management hired Advantage Blasting & Demolition in April 2018 to bring down a 450-foot structure at the Duke Energy Beckjord Power Plant in Clermont County. The contractor was required to carry liability coverage and name…
Liberty Mutual has filed a lawsuit seeking $600,000 after audio equipment went missing during a move from Italy to Massachusetts. The insurer sued ALPI U.S.A. and Albini & Pitigliani in federal court, claiming the freight companies lost or allowed thieves to steal the cargo after it reached Kennedy International Airport in New York. The shipment…
