The cost of risk includes the price of the policy, as well as indirect factors, which often exceed direct costs across all lines of insurance. Lost productivity factors include: Time lost from work by injured or ill employees. Loss in …
Record catastrophe losses will weigh heavily on 2005’s underwriting results, according to the Insurance Information Institute’s recent “Earlybird Forecast Survey,” but the survey of Wall Street stock analysts and industry professionals also indicates that the industry will bounce back in …
Winners of the Insurance Information Institute’s gold award included the Ford 500 and Mercury Montego with optional side air bags; the Saab 9-3,the Subaru Legacy and the Honda Civic four-door. The Ford 500 and Montego are corporate twins and were …
A new California law will allow low-income residents in Alameda, Fresno, Orange, Riverside, San Bernardino and San Diego counties, to purchase driver’s insurance for less than $400, beginning April 1. Until now, a low-cost auto insurance pilot program has been …
Amid the confusion surrounding the elimination of portable persistency discounts in California, we may have lost sight of the real issue: Portable persistency discounts are good for consumers. California insurance carriers spent the last part of December jumping through hoops …
With Northern California rivers and reservoirs at their highest levels in seven years, residents can make pre-flood preparations to lessen the damage to their families, homes and belongings. Following are tips Allstate recommends, that independent insurance agents might want to …
ABC-TV news anchor regarding concerns about other prison inmates in his new home at a South Dakota minimum security prison, Yankton. The interview from his jail cell was the first Segal has given since his conviction for siphoning money from …
Two Allstate Insurance units have agreed to implement new procedures to re-evaluate coverage needs of homeowners–steps sought by Arizona regulators in the wake of consumer complaints after a devastating 2003 wildfire on Mount Lemmon. Allstate Insurance and Allstate Indemnity, both …
New Mexico’s Museum of Fine Arts has acquired a 1923 Stuart Davis painting, while the private Georgia O’Keeffe Museum has announced it has acquired another O’Keeffe painting and works by eight other artists. The Museum of Fine Arts received $700,000 …
The head of Mercury Insurance is trying to get an initiative on the November election ballot to restore portable persistency discounts. George Joseph, CEO of Los Angeles-based Mercury General Corp., submitted a proposed ballot measure to the California state attorney …
