Monthly Archives: <span>April 2005</span>

ACE (Bermuda) Appoints Lenzen Exec. VP, General Counsel and Secretary

ACE Bermuda Insurance Ltd., a subsidiary of ACE Limited, announced the appointment of John C. Lenzen to the position of executive vice president, general counsel and secretary. His appointment is subject to approval from the Bermuda Department of Labour and …

Adjusters can Detect the Problem of Underinsurance Before Disaster Strikes

In the aftermath of the devastating Southern California wildfires of October 2003, claim adjusters went to work in an area where an estimated 3,631 structures were destroyed. In many cases the only remaining indication of a house was its concrete …

Some 200 Insurance-Related Bills Introduced in California Legislature

About 200 insurance-related bills have been introduced in the California Legislature this session, according to The Association of California Insurance Companies. “We expect during the upcoming months that the issues of workers’ compensation, homeowners insurance, auto insurance and insurer investments …

Insurance Group Staying out of California Workers’ Comp Confirmation Fight

A major insurance industry group is staying out of the Senate confirmation fight over Gov. Schwarzenegger’s workers’ comp director, another possible indication the appointment could be in trouble. The Assoc-iation of Calif-ornia Insurance Companies said March 15 that it rarely …

Help Your Clients by Becoming a Small Business Advocate

One of the great things about being a commercial lines insurance agent is that you get to meet people and learn a little bit about a lot of businesses. This knowledge puts insurance agents in a unique position to represent …

More than 600 Catholic Clerics Accused of Sex Abuse of Minors

More than 600 U.S. Catholic diocesan priests and deacons were accused in 2004 of sexual abuse of minors, with the majority of allegations of abuse occurring between 1970 and 1974. Half of these clergy had been the subject of accusations …

Record Rainfall Will Lead to a Flood of Litigation

As Los Angeles inches toward its highest annual rainfall total on record, the property damage left in the wake of the storms is devastating. All across the Southland, homes have toppled down hillsides as if they were toys. Long after …

Homeowners Moving to the West Coast

Whether your client owns a multi-million dollar home overlooking the Pacific Ocean or a small bungalow tucked away a mile from the beach, it is your responsibility to find the right homeowners insurance coverage that will protect him or her …

Court Upholds Industry Lawsuit: CDI’s Homeowners Regulations Illegal

Charges by the California Department of Insurance that the California homeowners insurance industry arbitrarily nonrenews or raises rates on homeowners who file one claim or make an inquiry about their coverage is little more than a political scare-tactic with no …

IBA West President Discusses Broker Disclosure, Work Comp Issues

Mark Wells, publisher of Insurance Journal, recently spoke to Stan Simpson, the newly elected president of the Insurance Agents and Brokers of the West and a principal at Buckman-Mitchell Inc., an independent agency in Visalia, Calif. Simpson identified IBA West’s …