The legislative session is moving at breakneck speed this year. At this point, we already have 31 bills on our “watch list.” Go to PolicyholdersofFlorida.com for a full list of these bills and their current status in the legislature.
In this space, I often decry Tallahassee’s approach to the property insurance market in Florida. Today, however, I am going to offer some good news. Though the 2012 legislative session has brought the usual headaches and uncertainty, we have also seen several pro-consumer bills filed. I want to list the bills that, in my opinion, are good for the insurance consumer’s of this state. They ar
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Rider Phoenix
Western Insurance has established a new business, On Point Risk Solutions, which offers diverse property and casualty claims administration and surety services as well as to meet client needs in producing and servicing surety business.
The new unit is capable of managing all sorts of claims including coverage review, investigation and settlement, litigation management, and subrogation.Western Insurance president Kevin Prior said that this is a flexible and nimble operation that can handle virtually every aspect of a claim, from straightforward claims adjustment to full underwriting support and claims administration services.On Point Risk Solutions also provides a range of property and casualty services to commercial property and liability insurance carriers, managing general agents, reinsurers and self insureds including public entities.
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A new study shows Americans are increasingly preferring to purchase their life insurance directly from the company either on the Internet, through the mail or over the phone. Two-thirds of Americans still prefer to buy life insurance from an insurance or financial professional, but a growing number like the idea of buying it directly.
Now more than one in four prefer this method. “‘Obviously, the Internet has fundamentally changed consumers’ buying practices over the past 15 years,” said Marvin H. Feldman, CLU, ChFC, RFC, president and CEO of the LIFE Foundation in a news release. “Recogn
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Guardian and Berkshire have released a new ProVider Plus series for their disability insurance portfolio, effective Jan. 3.
Among the individual disability insurance policy highlights are a pure own-occupation definition of total disability for all occupations, medical specialty protection for physicians and dentists, a recovery benefit for up to the entire benefit period through residual disability benefit rider, a graded lifetime indemnity benefit rider, no mental and nervous limitations and a four-year delayed COLA.
The product is approved in Delaware, Virginia and Washington, D.C., with additional approvals in Maryland and Pennsylvania expected later this quarter, according to Steve Crawford, principal of Guardian Disability Insurance Brokerage.
Guardian Disability Insurance Brokerage is holding a series of Internet seminars on the new product.
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HomeServe, a home emergency insurance cover and domestic repair provider, has appointed Ben Mingay to the board as a non-executive director, effective 1 January 2012.
In addition, Mingay will also join the audit committee at the company.
Mingay is a managing partner of Smith Square Partners, an independent corporate finance advisory firm.
Mingay has over 20 years experience as a corporate finance adviser and prior to co-founding Smith Square Partners he was a managing director of Hawkpoint Partners and Credit Suisse First Boston (Europe).
Mingay is also a non-executive director of AIM listed Alternative Networks.
HomeServe chairman Barry Gibson said that Mingay brings with him a wealth of corporate finance experience which will be of great benefit as they continue to develop the business.
