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How Medical Liability Insurers’ $30 Billion ‘Cushion’ Is Also Barrier to Profit
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For all the changes in healthcare over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance remain much the same as they have been since its crisis in the mid-2000s: a high level of capital with …

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Property Crime Spike Spurs California City Plans to Scan License Plates
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A California city plans to scan the license plates of all incoming cars by placing stationary cameras at key intersections in a bid to boost public safety. The seaside city of Carlsbad will spend $1 million to add cameras at …

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Mississippi High Court Refuses to Dismiss Katrina Claims Suit Against State Farm
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The Mississippi Supreme Court won’t dismiss a state lawsuit against an insurer over Hurricane Katrina claims. The Sun Herald reports that Attorney General Jim Hood’s lawsuit against insurance giant State Farm Fire and Casualty Co. can go forward. The lawsuit …

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LexisNexis: The Future of Auto Claims is Touchless
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Though some carriers continue to favor traditional claims processes, the demand for faster cycle times, reduced expenses and improved customer satisfaction is driving increased automation and an eventual migration from virtual to touchless claims, according to new automotive claims research …

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Why insurance agency M&A deals fail
agentnewsjournal.com

There are many factors that go into mergers and acquisitions, beyond the basic issue of price. Here are some of them.

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When does a commercial policy provide insurance coverage for extra expenses?
agentnewsjournal.com

If your office building is damaged in a fire, or your property is damaged in a severe storm, you may have expenses you didn’t plan on. Are you covered?

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India’s Bank of Baroda Eyes Sale of Insurer, Asset Management Stakes
agentnewsjournal.com

Bank of Baroda, India’s third-largest state-run bank by assets, is considering a sale of some of the minority stakes it holds in its insurance and asset-management ventures, according to people familiar with the matter. The Mumbai-based bank is seeking to …

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BHSI Offers Professional Liability, Network Security & Privacy Cover in Canada
agentnewsjournal.com

Berkshire Hathaway Specialty Insurance (BHSI) introduced its Professional First Professional Liability and Network Security & Privacy Policy and announced it has appointed Geoffrey Kendrick as head of Professional Lines in Canada. BHSI’s new Professional First Professional Liability and Network Security …

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Maryland-Based Chesapeake Employers’ Insurance Company Promotes Adelman
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Chesapeake Employers’ Insurance Company, a Towson, Md.-based provider of workers’ compensation insurance, has promoted Joan Adelman to vice president of legal services. In her new role, Adelman is responsible for the day-to-day operations of the legal department, including supervision of …

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