In response to New York Attorney General Eliot Spitzer’s charges against super brokerage Marsh McLennan, California Insurance Commissioner John Garamendi proposed new regulations for agents and brokers Oct. 20 which would require full disclosure of any financial incentive they may …
Strong objections are being voiced in the states to part of President Bush’s prescription to make health insurance more affordable for small businesses. The principal worry is that states will lose the ability to regulate certain insurance plans and protect …
Replacement cost, policy limits, and non-renewal of policies were the source of a heated debate in a day-long hearing investigating underinsured homeowners affected by last year’s wildfires. California Insurance Commissioner John Garamendi held a statewide investigative hearing in San Diego …
Groups for and against capping noneconomic damage awards for medical malpractice both claimed that a Wyoming Healthcare Commission report upholds their positions. The study suggests that capping noneconomic damages at $250,000 could reduce insurance company losses by 15 percent. The …
An investigation has resulted in three arrests on felony insurance fraud charges. The case, stemming from an investigation by the Santa Clara County Urban Auto Task Force–investigators from the California Department of Insurance, Fraud Division (CDI) and the Santa Clara …
Oregon’s Department of Consumer and Business Services (DCBS) has issued a cease and desist order against a Salem man who reportedly continued to transact insurance even after his license was revoked. An investigation by the DCBS Insurance Division found that …
Lobbying has been around for as long as any single profession has been around, but it has changed. It isn’t what it used to be,” said John Norwood, managing partner of Norwood & Mattoch, one of Sacramento’s most powerful lobbying …
Electronic Stability Control (ESC) systems appear to be effective in reducing the number of single-vehicle crashes, including rollovers, according to a preliminary study by the U. S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA). The technology has proved …
Nuts & Bolts: Superior Access Insurance Services Inc. (SAIS), released a package program available to California agents writing garages. This program is designed for small to medium non-dealer automotive garage risks such as automotive repair, service, body, glass, tune-up, transmission, …
Nuts & Bolts: Rockwood Programs expanded its existing property/casualty agents errors and omissions program. Coverage is now available in all 50 states and the District of Columbia. The core program, called the “Main Street P&C Agents RPG,” can now accept …
