insurance agency News

Pa. Supreme Ct. Upholds Punitive Damage Award Against Insurance Agency for Poaching from Competitor

A jury’s $2.8 million punitive damage award against an insurance agency and broker that tried to poach a competitor’s staff and book of business was not excessive even though it was more than 10 times the total amount of compensatory …

Lawsuit Alleges Insurance Agency Liable for Child Shooting at Home Office

The parents of a Maine three-year old boy who accidentally shot himself with a loaded pistol filed a negligence suit against the owner of a Vermont home where the boy found the gun while on a visit. The boy’s family …

Insurance Agency Owner Requires Workers Carry Firearm at the Office

The decision by the owner of a small insurance company to require his employees to carry firearms at the office has sparked a debate: Would having a gun on the job make you safer, or is it inviting violence into …

California Insurance Firm Pays Settlement With Buckets of Coins

An insurance agency settled a lawsuit with a Los Angeles man by dropping off buckets full of thousands of quarters, nickels, dimes and pennies, his attorney said Wednesday. Andres Carrasco, 76, filed a lawsuit in 2012 against Adriana’s Insurance Services, …

Policyholder Returns Claim Money 40 Years Later

Lingering guilt may have been what moved someone who filed an insurance claim 40 years ago to come clean with a Gastonia, N.C., insurance agency. The Gaston Gazette reports that whoever took a $280 claim check in 1973 felt guilty …

Insurance Firm Buys Naming Rights to Maine Arena

A local insurance agency has bought the naming rights to a new arena in Bangor, Maine, that is scheduled to open next year. The arena will be known as Cross Insurance Center under a $3 million, 15-year agreement between the …