The chance of requiring long-term care services is roughly 50 times the chance of sustaining a major loss from an automobile accident. Americans are becoming more sophisticated about long-term care insurance. As the knowledge of this financial product has broadened, …
Today’s planners sit on the leading edge of what is expected to be the greatest transfer of wealth in the history of America. The economic boom of the 1990s created an unprecedented amount of personal wealth in America—currently estimated at …
Washington native Mike Kreidler was elected to the office of Insurance Commissioner in November 2000, taking office in January 2001. Before becoming Insurance Commissioner, Kreidler enjoyed a varied political career. He served 16 years in the state legislature in both …
Monterey County Sheriff’s Department arrested five businesses in one of the largest undercover insurance fraud sting operations in the history of Monterey County. Arrested were: 40-year-old David Alan Long, owner of California Automotive Tire in Salinas; 36-year-old Ossie Luis, owner …
Steve Woods, MD, Overlake Hospital OBGYN and partner in a private medical practice, along with several of his Overlake Hospital and Evergreen Hospital colleagues, met in Olympia, Wash., recently to talk to King County Legislators about Washington’s medical malpractice crisis …
Members of the Independent Brokers and Agents of the West approved eight resolutions at the recent 2004 Installation of Officers and Directors and Annual Meeting in Los Angeles. The first resolution urged the Legislature to complete the job of reforming …
At a recent meeting of the national leadership of the American Automobile Association (AAA), the American Insurance Association (AIA) urged a cooperative effort between motorists and insurers to call for the standardization and use of Event Data Recorders (EDRs) in …
For the first time in almost two years, entrepreneurial interests are introducing a new carrier to the California workers’ comp market. Western Compensation Insurance Company, a California corporation, was formed in early October 2003. The company made its initial filing …
The National Conference of Insurance Legislators (NCOIL) has announced that it will restrict access to the portions of its Web site dealing with adopted models and resolutions, reports, issue briefs and meeting minutes. The move, an attempt to increase attendance …
California Insurance Comm-issioner John Garamendi unveiled his new workers’ compensation reform package Feb. 10. His proposal aims to bridge the gap between labor and business interests and provide a solid framework for Democrats and Republicans to address the system’s serious …
