While it did not begin boiling over until last October when charges were brought against Marsh, the controversy over brokerage contingent fees has actually been simmering for more than a half dozen years in New York insurance circles. Back in …
Industry Gets Victory on Class Action but Reason to Worry Over TRIA …. Eliot who? The name Eliot Spitzer that is on the lips of every insurance broker was never spoken during a recent gathering of insurance brokers and federal …
Insurance Journal recently surveyed several surplus line associations regarding their thoughts on the current atmosphere of the surplus lines marketplace, and their expectations into 2005. Executive director Ted Pierce of the Surplus Line Association of California, manager Kendal Lyman of …
Three issues will dominate California’s 2005 legislative session–broker fee regulations and fiduciary duties; homeowners insurance, and workers’ compensation, according to IBA West lobbyist John Norwood. Norwood outlined the upcoming issues for Insurance Journal at IBA West’s Annual Meeting & Installation …
A Los Angeles Police Department officer who worked as an armed security guard at Staples Center and Dodger Stadium while collecting disability benefits for on-duty injuries was convicted of workers’ comp fraud, the District Attorney’s office announced. The verdict marks …
On Jan. 31, Gregg Leo Curwick, of Rancho Cucamonga, Calif., surrendered himself in Bakersfield to investigators from the CDI’s Fraud Division and the Kern County District Attorney’s Office. Curwick was taken into custody on a felony arrest warrant for one …
California Insurance Commissioner John Garamendi has imposed discipline upon two agents and the companies they work for over their marketing of an illegal tribal-based insurance product. The actions taken by the commissioner include fines, cost reimbursement and a restriction on …
Nuts & Bolts: Venture Programs Inc. launched a new wholesale division that offers mono-line workers’ compensation coverage for heterogeneous risks outside of Venture’s traditional industry programs. The new division, Venture Brokerage, will offer access to multiple A.M. Best “A” rated …
Nuts & Bolts: Indemnity Excess and Surplus Agency is offering a childcare nursery school package now admitted in the state of Washington. No liability deductible with child molestation and abuse limits up to the general liability limit. Non-owned and hired …
Nuts & Bolts: Cascade-Amstar is offering a new garage program designed for tough classes of business. This is a pen facility designed to provide fast turnaround. Incidental towing is not a problem. Many tough classes will be considered, such as …
