California Commissioner Chuck Quackenbush is under fire for alleged enforcement inconsistencies. The Los Angeles Times reported Sunday that Quackenbush reportedly ignored staff attorney’s recommendations to heavily fine three companies found to have low-balled claims following the 1994 Northridge earthquake. Instead, …
The Colorado Legislature has passed Senate Bill 106 on to the governor’s office. The bill changes insurer rate filings for workers’ comp, medical malpractice written by the joint underwriting association, and credit insurance from prior approval to file-and-use. It also …
Reliance Group holdings Inc. has expanded its portfolio of e-commerce insurance coverages with the introduction of eBOP, which enables agents to obtain a quote and bind commercial property and liability online in a matter of minutes. eBOP, tailored toward the …
Shareholders from both CGU PLC and Norwich Union PLC have approved the companies’ planned $12 billion merger. The marriage will create Britain’s largest insurance group and Europe’s fifth largest insurer. The companies also announced that 5,000 jobs, representing 7 percent …
FirstFed Insurance Agency, which is part of FirstFed America Bancorp. Inc., has acquired Smith-Cochrane Insurance Agency and All Risk Insurance Agency, both of Swansea, Massachusetts. Frank Smith, the agency principal for Smith-Cochrane, will continue to work in the agency and …
