Content about Insurance

June 1, 2012

Employers should not assume that their employment practices liability (EPL) insurance excludes any cost related to a wage and hour claim, according to Barry Buchman, an attorney with Gilbert LLP in Washington, D.C.

It is very common these days for an EPL policy to have an exclusion for claims arising under the Fair Labor Standards Act (FLSA), he acknowledged. This has been partly in reaction to the rise in FLSA litigation over the past 10 years.

May 14, 2012

By August 2012, U.S. businesses that sponsor fully insured group health plans could share millions of dollars in rebates from health insurers who spent more on administrative expenses and profits than allowed by the Patient Protection and Affordable Care Act (PPACA), finds an analysis from the not-for-profit Kaiser Family Foundation.

January 4, 2012

Two recent fires at Anderson Lumber in Waynesburg, Ky., may be the work of an arsonist, and Pennsylvania Lumbermens Mutual Insurance Co. wants to know who is responsible. The company’s insurer is offering a reward of up to $20,000 for information leading to the arrest and conviction of those responsible for the Dec. 20 and Jan. 1 blazes, which caused a combined estimate of $1.5 million in damages.

An old, vacant high school in the town has also been set on fire several times during the same time period, according to authorities.

July 7, 2011

Member Insurance Agency, a supplier of insurance policies to independent hardware stories, LBM dealers, garden centers, co-ops and other retail organizations, has named Scott Reynolds as its new CEO and president. 

Until recently, Reynolds was president of United National Group, a specialty insurance company. Prior to United National, Reynolds served as president of the Specialty Underwriting Division of AmWINS Group Inc., overseeing its program business from 2006 to 2008. Altogether, Reynolds has 25 years of experience in the insurance industry. 

July 6, 2011

Independent regional hardware distributor House-Hasson Hardware announced the launching of a new insurance program for its dealers, intended to ameliorate high insurance costs. Made possible by Addison & Associates of Memphis,  Tenn., the program will allow dealers to come together to purchase health and property and casualty insurance as a group. 

June 7, 2011

BuildFax, the national database of building permit activity and creator of the BuildFax Remodeling Index, has joined forces with Equifax, one of the nation’s largest credit monitoring firms. The new partnership will give property and casualty insurance carriers immediate access to property history information, improving the accuracy of their underwriting to develop better pricing strategies and reduce the potential for fraud.  

February 28, 2011

The Founder of Rent-a-Husband has agreed to pay $2 million to settle criminal charges that claimed he duped investors in his home-repair business, according to an article in The Independent and other media outlets. 

October 31, 2007

The U.S. Department of Housing and Urban Development said the home builders were illegally using...

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