Insurers prepare for hurricane-heavy 2025

Predecessor switched into group deputy CEO role earlier in the year Source link

The legislation also amends the fee structure applied to insurers and insurance professionals operating in the state, including adjustments to licensing fees for producers, adjusters, consultants, viatical settlement brokers, and rental car entity producers. While the primary fee structure remains largely unchanged, the reallocation of tax revenue may signal a shifting focus from direct insurance…

“We’re committed to becoming the premier Ancillary General Agency partner in the market,” said Riva Dumeny, president of Amwins group benefits. “Nelligan’s deep expertise and strong market presence make them the perfect partner to help us achieve that vision. Together, we are expanding our product capabilities, strengthening our relationships, and enhancing our ability to support…

Lower expenses and improved risk experience lift segment Source link

While the total number of workplace injuries has declined, Travelers found that the costs tied to these injuries have increased. According to Rich Ives (pictured above), senior vice president of business insurance claims at Travelers, three notable workforce trends – higher retirement ages, employee turnover, and extended recovery times – are contributing to rising claim…

Law argues that the rule conflicts with the Texas Labor Code, particularly Section 408.161, which states that “lifetime income benefits are paid until the death of the employee.” He also cites Section 408.201, which exempts benefits from “garnishment, attachment, judgment, and other actions or claims.” According to Law, the monthly verification requirement amounts to an…