HNC Insurance Solutions, a wholly owned subsidiary of San Diego-based HNC Software Inc., recently acquired Celerity Technologies, a provider of connectivity and value-added networks which supports claims processing for the workers’ comp industry. Under the terms of the deal, HNC …
The California Assembly Banking and Finance Committee rejected Assembly Bill 1707 on April 24, marking the second time in a month that the state has rejected privacy legislation. Two similar bills, SB 1337 and SB 1372, did not make it …
The 24th Independent Insurance Agents of America (IIAA) National Legislative Conference will be held May 1-3 at the Grand Hyatt Hotel in Washington, D.C. The conference features appearances by high-profile political speakers discussing the important issues confronting lawmakers and agents, …
Deputy Commissioner George Grays added his resignation to the current tumult at California Insurance Commissioner Chuck Quackenbush’s office. Grays reportedly played a role in facilitating controversial donations made by insurers to educational foundations set up by Quackenbush. These donations are …
It was the eve of a major trade association event, the annual convention of the American Association of Managing General Agents. AAMGA Outgoing President James A. Roe, president of Arlington/Roe &Co. Inc. in Indianapolis, was ruminating on the organization’s goals, …
Along with the skyrocketing merger and acquisition activity during recent years, has come a general, albeit not unanimous, perception of a corresponding increase in M&A-related lawsuits-especially in California. “I think it’s a trend in the making, and it’s going to …
The snowmobile: fun and safe family transport vehicle, or the motorcycle of the Great White Outback? It all depends on whom you talk to. Snowmobilers in Canada and the United States spend more than $9 billion on their sport each …
It’s not just your grandparents heading down the road in a Winnebago these days. As the population of RV owners grows, so does the market and the profit margins for insurers. In the 1950s, those silver, bullet-shaped Airstream trailers became …
Recent legislation has industry circles wrestling over the ongoing question: What makes an agent an agent and a broker a broker? An agent is traditionally defined as a licensed individual or organization authorized to sell insurance by or on behalf …
Both the marine industry and the insurance industry have witnessed a surge in recreational boating, from mega-yachts to personal water-craft (PWC), over the past few years. According to U.S. Coast Guard estimates, there were roughly 1.1 million PWC on the …
