Southeast Asia’s devastating tsunami has left many wondering if the threat could hit close to home. The reality is that tsunamis, in fact, have already made their mark on the West Coast, and the threat still remains today. According to …
Ken Nigohosian, the new executive director at La Verne, Calif.-based American Agents Alliance, talked to Insurance Journal about California Insurance Commissioner John Garamendi’s proposed agent/broker disclosure regulations and what’s ahead for the American Agents Alliance. Insurance Journal: Let’s begin by …
A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to the nation’s largest independent insurance agent …
VW Seeks a Sales Charge Out of No-Charge Insurance to Car Buyers Volkswagen of America, looking for ways to attract younger buyers, is going beyond sporty designs, cash rebates and zero percent financing incentives to offer car buyers, regardless of …
While the number of federal securities fraud class actions filed in 2004 increased only moderately from 2003 levels, rising to 212 companies sued from 181, the decline in stock market capitalization corresponding to these actions increased dramatically, according to a …
Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey conducted by the Insurance Information Institute at its ninth annual …
Insurers remain deeply committed to enactment of meaningful national asbestos litigation reform legislation that provides fairness and certainty to all stakeholders, said a representative of the American Insurance Association in testimony before the Senate Judiciary Committee. However, insurers also are …
A Los Angeles business owner was sentenced to pay $1.8 million in restitution and fines after a three-year joint investigation involving the California Department of Insurance found he had underreported wages at his picture framing operation by some $7 million. …
Nuts & Bolts: NeitClem Wholesale Insurance Brokers is placing construction wrap up policies for condo/town home developments with up to three “A” rated carriers participating on primary and excess. Company application and soils report is a requirement. Please call to …
Nuts & Bolts: Venture Programs expanded its banking program with a new package of products from The Hartford Financial Services Group Inc. The Hartford’s insurance products will enable the Venture Banking program to reach banks and credit unions with less …
