Heffernan Welcomes Kaleigh Kemmerly as Assistant Vice President of Los Angeles Office

Los Angeles, Heffernan Insurance Brokers, one of the largest full-service, independent insurance brokerage firms in the United States, has hired Kaleigh Kemmerly to join its Los Angeles, California office.  As Assistant Vice President, Kemmerly will be responsible for producing new business in Southern California.   Kemmerly joins Heffernan after years of experience working in the design industry, where she worked as an art gallery sales associate, designed the interiors of several model home projects, and created interior packages for upcoming and renovated residences, hotels and spas.  Prior to her design career, she graduated from Arizona State University with Bachelor of Arts degree.  Ke Read more…

What is Workers Compensation?

Many business owners do not know that workers compensation insurance is mandatory for any company with employees that does business in New York. Without any sort of coverage for workman’s compensation, an employee who either receives an injury or becomes ill from a work-related activity can sue the employer if he or she refuses to give suitable compensation for the employee’s injury. Workers compensation insurance, or workers comp, alleviates both by providing a tradeoff that is commonly known as “the compensation bargain,” where employers provide wage replacement and medical benefits for employees who have been injured in the course of employment, in exchange for a mandatory relinquishment of the employee’s right to sue their proprietor for damages.

Workers compensation in New York can offer a variety of coverage, each adhering to the claimed injury or illness and the subsequent damages caused by them. Read more…

Lockton adds Michael Faughnan to employee benefits team

Mike FaughnanDenver, Colorado – April 7, 2011 – The Denver Office of Lockton Companies, LLC, the world’s largest privately held independent insurance brokerage, has expanded its Lockton Denver Benefits Group with the addition of Michael Faughnan, who will be joining as an employee benefits consultant.  Bill Lindsay, president of Lockton Denver Benefits Group, made the announcement today.   As a benefits consultant, Faughnan will help organizations find solutions for their employee benefit objectives that are consistent with the upcoming changes required from the healthcare legislation. He will Read more…

Homeowner victims fear repeat burglary

Fewer than half of burglars (44%) convicted in 2010 were subject to a custodial sentence, and of those who got a suspended sentence more than half (52%) went on to reoffend, according to data that LV= received in response to an FOI request.

The figures comes as new research suggests homeowners are concerned about repeated burglaries, with 9% of those burgled in the last five years suffering the crime again.

After burglary, many homeowners suffer stress (23%), and 28% do not feel safe in their own home any longer.

Unfortunately, the odds are burglars won’t be caught, with 60% of victims reporting that their burglar was not caught by the police.

Many homeowners do not take basic security measures, with 24% not locking their doors and only 47% having dead bolts on exterior doors.

John O’Roarke, LV= home insurance MD, warned that failure to take basic security precautions could leave homeowners vulnerable to opportunistic thieves and urged all homeowners to ensure they had suitable security measures.

 

News posted: July 13, 2011

Top Priorities for Insurers: Navigating Government Regulations& Post-Recession Growth

New York, April 13, 2011 – Insurers today are facing more and greater changes to the way they do business than at any time in recent memory. Regulatory, standards setting and legislative challenges are creating uncertainty at the same time insurers are seeking new ways to compete in a world of changing consumer behavior. To help insurance industry stakeholders better understand and address these challenges, PwC US has released “Top Insurance Industry Issues in 2011,” an annual report that identifies existing and forecasted industry challenges.   Regulation and Legislation Real and proposed changes to federal regulation and taxation will have a significant impact on many aspects of business operations in the insurance industry. Th Read more…

Buying Homeowners Insurance Online

After all the hassle that you have gone through to purchase your dream house, now you have to worry about protecting it. The World Wide Web offers a lot of conveniences, but if you plan to buy your homeowners insurance online, it is more intricate than just a click of the mouse. It is good to equip yourself with some guidelines to avoid frauds or frustration.

The first thing you have to do is to sit down and do some good research on the insurance companies. This will help create a shortlist of companies that will make it easier for you to compare the quotes. Select companies that offer protection you need – at this stage, you must already have a picture of the scope of protection you want for your new house. C Read more…

Is Dental Insurance Really Worth the Cost?

Insurance. We all rest a little easier knowing we have it. Car insurance, medical insurance, homeowner’s or renter’s insurance. But what about dental insurance? And what are the differences between dental insurance and discount dental plans?

Dental insurance offers different plan options: a dental health maintenance organization (DHMO), a dental preferred provider organization (DPPO), or dental indemnity insurance, which is traditional fee-for-service insurance. There are pros and cons for each of these, but with dental insurance, unlike discount dental plans, there are copayments, deductibles, annual maximums and waiting periods before coverage kicks in.

Discount dental plans provide discount dental care fees through a network of qualified dentists – in most cases, the same dentists who accept dental insurance. Read more…

Hiscox Syndicate 33, 2012 Business Forecast

Hamilton, Bermuda – Hiscox Ltd , the international specialist insurer, announces that it has published today on its company website a summary of its initial 2012 business forecast for Syndicate 33. The summary business forecast is available at www.hiscox.com in the Investors section under Lloyd’s Reporting.   A full 2012 business forecast for Syndicate 33 has been submitted to Lloyd’s.  Hiscox is required to make this public at this early stage of the year due to the participation on its Syndicates by third party capital.   At this stage Hiscox envisages a 2012 capacity of £1 billion for Syndicate 33, an increase of £100 million from 2011.   This Read more…