The governing board of Citizens Insurance has decided to postpone an insurance rate increase for new businesses.  Citizens had been under pressure from Florida’s Chief Financial Officer and state Senator Mike Fasano to postpone an increase in rates for new businesses.  “The removal of the cap for new business...

US Secretary of Transportation Ray Lahood called for a federal law banning all cell phone use while driving.  The ban would include talking on the phone as well as texting while driving.  Lahood noted that law enforcement officials require such a strong federal law in order to write tickets. ...

Directors and Officers (D&O) liability insurance rates remained within a category of 10% up or down in premium rates for the first quarter 2012.   This is potentially good news for those considering purchasing a D&O policy or changing their current policy. Directors and Officers insurance provides protection against lawsuits...

Health care will undoubtedly cost more in 2012 but there’s good news in the recently released projections-the projected cost increase will be less than 10% which marks the first time since 2001 that these costs will not cross the 10% mark.  Of course, these projections are contingent on the...

The Insurance Journal has published a story about a disturbing trend in corporate insurance purchasing decisions that may have long-term adverse consequences upon their businesses.  According to the article, nearly 75% of businesses are choosing not to purchase cyber insurance which generally protects companies from losses involving computer hacking...

If you’ve purchased health insurance on your own without the assistance of an employer, you may get a welcome healthcare insurance rebate around August 1, 2012.  The rebate is part of the Administration’s healthcare overhaul and is likely to affect only those who’ve obtained insurance apart from an employer...

Yesterday, I blogged about an article in the Insurance Journal warning that the homeowners’ association where George Zimmerman lived may be the target of a civil lawsuit because it had publicly recognized Zimmerman as a captain of the local neighborhood watch volunteer group.  Further complicating matters, it published this...

The Insurance Journal is speculating that the homeowner’s association of the neighborhood in which George Zimmerman lives may be the target of a civil lawsuit in the much-publicized Trayvon Martin fatal shooting.  According to the Journal article, here’s why that may happen: “Exhibit A would be a newsletter sent...

The Insurance Journal recently published an article about wedding day mishaps, accidents, and losses that occur on the big day that may be covered by insurance.  According to the article, Traveller’s Insurance recently analyzed their own wedding loss claims and found that 31% of the claims concerned vendor and/or...

Recently, a question was raised concerning what determines pricing for a new small business that wants to enroll its employees in a group health insurance plan.  That’s a good question that is an important one to consider for any start-up small business venture.  Many employees and potential hires must...