The California Division of Workers’ Compensation (DWC) has received approval from the Office of Administrative Law on the first set of regulations implementing SB 899, workers’ compensation reforms passed by the Legislature and signed by Gov. Schwarzenegger last April. The …
Voters in Oregon said yes to keeping state-run workers’ compensation carrier SAIF Corp. from being abolished by rival Liberty Northwest, according to the Associated Press. Supporters of the abolishment said that the measure would have decreased insurance rates if the …
Marsh & McLennan Companies Inc. (MMC) revealed it would lay off about 3,000 employees to reduce annual expenses by $400 million. About three-quarters of the layoffs will occur in the insurance and risk management sectors. Market services revenues declined to …
Anthem Inc. and WellPoint Health Networks Inc. announced that John Garamendi, Commissioner of the California Department of Insurance (CDI), has granted his approval for their pending merger. In July of this year, the companies received approval from California’s Department of …
Some Predicted Reality TV Would be Tough to Insure But Insurers Have Reduced the Risks Jon Paulsen was one of millions of TV viewers watching as contestants on the NBC reality show Fear Factor went bobbing in a vat of …
Four Professional Insurance Association (PIA) affiliate chapters recently united to form the PIA Western Alliance, a 1,500-member organization for independent agents based in Vancouver, Wash. The four PIA chapters that make up the Western Alliance, which was formed on Oct. …
PCI Execs Contend Current Players Will Adapt to Maintain Advantages Ten years from now, some of the players within the property/casualty insurance industry will have changed but the industry itself will not look dramatically different from what it is today: …
Perhaps like you, I have been fascinated by the press coverage our industry has received lately–probably more individual stories in prominent newspapers than at any other point in the last 25 years, all thanks to the lawsuit New York Attorney …
Michael Anthony Green of Hawthorne, Calif., surrendered to Orange County authorities after a warrant had been issued for his arrest. His arrest is the result of an investigation by the CDI. Green is charged with two felony counts of insurance …
On Oct. 27, Herbert Amos Jones, of Bethel Island, Calif., pled guilty in Contra Costa Superior Court to one felony count of grand theft. Jones, a former California-licensed insurance agent and regional vice president of Primerica Financial Services (PFS), was …
