A quick browse through the Web sites of state insurance commissioners across the country on any given day in any given year is bound to turn up at least one account of regulators cracking down on an insurance agent for …
Reaching out across the world, the Insurance Journal Web site, Insurance Journal Online, recorded more than 85,000 impressions from outside the U.S. in the month of November. Mitch Dunford, vice president of sales and marketing, noted, “We have been amazed …
The California Department of Insurance (CDI) announced the addition of another method for California resident licensees to renew their licenses. CDI is now able to process renewals for its California resident licensees through the Producer Licensing Bureau’s toll-free number (800) …
Nevada Insurance Commissioner Alice Molasky-Arman has approved a rate change for private passenger automobile insurance filed by Liberty Mutual Group. The statewide average change of -0.3 percent for Liberty Mutual Fire Insurance Company and +3.3 percent for Liberty Insurance Corporation …
Credit-based insurance scoring has expanded choice in the marketplace for consumers and allowed insurers to more accurately price their products, the American Insurance Association (AIA) told a group of state legislators recently. “Insurance scoring is directly responsible for a larger …
Economic factors such as rapidly increasing claims costs, not some alleged conspiracy aimed at taking advantage of the American public, is driving increases in insurance premiums, according to the Alliance of American Insurers (AAI). “As the insurance industry recovers from …
Employers Reinsurance Corp. (ERC), the chief operating unit of General Electric’s sprawling reinsurance empire, is facing an uncertain future. It’s been hit by the same problems as Munich Re, Swiss Re, SCOR, Gerling and other reinsurers. Growing loss estimates from …
Last Monday, John Garamendi was sworn in as California’s third elected Commissioner of Insurance. Many in California’s industry think this is round two of an ongoing battle with Garamendi. I am not one of them. When I interviewed the then …
California State Compensation Insurance Fund announced the promotion of James C. Tudor to executive vice president. Tudor succeeds Dianne C. Oki, who on Jan. 1 assumed the presidency of State Fund which insures approximately half of all California businesses. Tudor, …
Property and casualty insurers suffered a staggering $6.6 billion decline in investment gains during the first six months of 2002, to $18.1 billion from $24.7 billion during the same period in 2001, according to Weiss Ratings, Inc. Driving the decline …
