Insurance moves: EmPRO, Origin Specialty, Marsh and Coalition

Effective July 2024, Kansas also increased workers’ compensation benefits for injured or deceased workers. The total death benefit rose from $300,000 to $500,000, and the cap for permanent total disability increased from $155,000 to $400,000. This legislation, the first update since 2011, aims to create a more equitable system. Source link

In 2014, Siino moved and attempted to update her address with Foresters, but the request was rejected because she failed to sign the change-of-address form. Her husband, however, successfully updated his address and continued to receive policy notices. As a result, Siino stopped receiving annual premium notices after her move. Source link

“Brokers can play a bigger role” in the fight against nuclear verdicts  The insurance industry’s coalition work continues to expand. An inaugural in-person symposium in 2022 drew 50 to 60 people. Last year, that number had grown to 250. Another one is scheduled for later this year, and is expected to draw carriers, brokers, customers…

Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. Source link

Scandals reshaped businesses over the past 25 years Source link

Engle and Associates is a family-owned insurance brokerage that has operated for over 45 years, offering a broad portfolio of insurance products, including commercial, home, auto, life, and health coverage. Following the acquisition, the firm will continue operating under the leadership of owners Scott Engle and Jayne Engle Allen.  Source link