Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these provisions looms, and …
Thinking of forming an agency captive? An agent-owned captive insurance company involves an agency capitalizing either a domestic insurance company or an offshore insurance company. Richard Turner, president of Pennsylvania-based Commonwealth Risk Services, said agency captives and agency rent-a-captives have …
Harvey Rosenfield’s California-based Foundation for Taxpayers and Consumer Rights (FTCR) filed separate lawsuits on Jan. 9 against three major auto insurers, Geico Corp., SAFECO Corp., and the Automobile Club of Southern California. The suits contain allegations the companies violated Proposition …
The cyclical ups and downs of the multisegmented arena referred to collectively as commercial auto are nothing new. Though the years referred to as “soft” and “hard” vary in both length and intensity, the same can be said for virtually …
The California Senate Insurance Committee recently convened a hearing with member companies of the Personal Insurance Federation of California (PIFC) to discuss how auto insures are complying fully with state vehicle code laws dealing with total loss salvage vehicles. Senator …
California’s proposed privacy standard includes unauthorized, unnecessary provisions that should be amended so consumers can better understand their rights, and companies can more easily comply with the regulations according to the National Association of Independent Insurers. “The proposed regulations are …
According to the San Francisco Chronicle, California Insurance Commissioner Harry Low is under fire as insurance companies and consumer groups debate a new proposal stating how personal financial information can be sold or traded. Consumer advocate groups criticize Low for …
Washington State Senate and House committees have approved bills restricting insurers’ use of credit-based insurance scores. If enacted, the law would result in increases in auto and homeowners premiums for many Washington consumers who are less likely to file claims …
To avoid further crippling California’s weakened economy, Gov. Gray Davis should veto workers’ compensation legislation that is significantly out of balance according to the National Association of Independent Insurers. In a letter to Gov. Davis, the NAII notes that it …
Safety Insurance has entered into an agreement with IVANS, Inc. to use Transformation Station™. Safety will use Transformation Station, a data exchange for real-time transactions, on the Agents Virtual Community (www.onceanddone.com) portal to allow independent agents to process business through …
