As important as being named the next Insurance Commissioner of California is to Tom Umberg, the obligation he felt to serve his country in the wake of Sept. 11 was greater. Umberg, a Colonel in the U.S. Army Reserves, returned …
As far back as anyone now in the insurance business can remember, agents were fighting against allowing banks to sell insurance. That changed in 1996 when the U.S. Supreme Court decided that national banks selling insurance in small towns were …
Indicating it was time to try a new line of work, David Knowles stepped down last month as chief executive of the California Earthquake Authority (CEA). Knowles, who helped lead the CEA to a cash position of more than $1 …
Several new fronts have opened in the ongoing battle over World Trade Center coverage. On Dec. 28, 2001, Silverstein Properties (SP), the master leaseholder, filed a lawsuit against Travelers to recover the losses it insured for both towers. A week …
During the first weeks of December, covering the story of whether or not Congress would pass a federal terrorism reinsurance bill before the year 2001 was out was pretty much a waiting game. At the time, most insurance industry representatives …
Jeffrey Rene Pilon, 41, of Oxnard, Calif., was sentenced on Jan. 9, in Ventura County Superior Court to three years in state prison for his conviction on 14 counts of workers’ compensation insurance fraud. Pilon was also ordered to pay …
San Francisco-based U.S.I. Holdings Corporation announced the launch of the USI Environmental Risk Mitigation Group. This national resource was developed with the objective of assisting USI clients with innovative environmental risk management solutions. The ERMG provides a comprehensive approach to …
Accenture has been selected to license and implement its web-based Claim Components software application at OneBeacon Insurance Group. Accenture will work with a core team of OneBeacon business and IT professionals to custom-design the Claim Desktop component of the software, …
AccordingSurplus lines insurers may offer hope for businesses to remain insured in those states, like California and New York, that are refusing to allow insurers to exclude terrorism risks in commercial insurance policies. “No responsible business would dream of operating …
According to a Reuters report, World Trade Center leaseholder Larry Silverstein is expected to file a motion in a Manhattan Court on Jan. 17, to seek a ruling that the Sept. 11 attacks were two separate strikes. The ruling would …
