The board of directors for Alabama’s largest water utility made a last-minute decision Tuesday to change its insurance broker – without considering more than one firm. During a special-called Central Alabama Water board meeting, board Vice Chairman Phillip Wiedmeyer asked how many proposals the utility received from insurance brokers besides the one by Marsh USA….
Net Crop Insurance Support To Farmers The net crop insurance support received by farmers from their crop insurance coverage is equal to the indemnity payments they receive less the premium cost they pay for coverage. Because federal crop insurance is subsidized and the Risk Management Agency (RMA) is mandated to set insurance rates to be…
Two Indiana water systems distributors have filed a lawsuit against their insurance broker that alleges the company inaccurately certified an insurance policy, causing them to pay an extra $3 million to resolve property damages. The plaintiffs, Franklin Electric Co. Inc. and Headwaters Cos. LLC, filed a negligence complaint against Willis Towers Watson Northeast Inc., a…
GREENACRES, Fla. — A new report is raising concerns about homeowners insurance premiums in Florida, finding that costs tend to run higher in Black and Hispanic neighborhoods than in white neighborhoods. The report, titled “Redlined, The Persistence of Racial Inequality in the Cost of Homeowners Insurance,” was published by the Consumer Federation of America and…
Leaders of a trust that funds health insurance for more than 100 school districts and charter schools this week are weighing three options to pay off money owed to Blue Cross of Idaho. The Idaho School Benefit Trust has exhausted its reserve funds and met last week with Blue Cross, the trust’s third-party benefits administrator, to address a…