The California Assembly is considering a bill that would require insurers to report biannually to the insurance commissioner their community development investments. When it was initially introduced, AB 925 would have required insurers to invest 1 percent of their premium …
There is no doubt that 2005’s unprecedented hurricane season stretched the human resources of the entire claims industry. Qualified, experienced adjusters were in high demand and short supply. While there are still many losses that need to be adjusted, what …
Insurance professionals were asked to sharpen more than just their skis at the 2006 Peak Performance Ski Conference held Jan 25-28 in Vail, Colo. At the conference, reinsurance carriers, reinsurance intermediaries, professional employer organizations, third-party administrators, insurance carriers, national brokers, …
Seventy-nine workers died on the job in Washington in 2005, down from 93 in 2004, and 112 fatal workplace injuries in 1998, the state Department of Labor and Industries (L&I) reported. According to L&I, the most common cause of death …
Roofer To Pay Calif. State Fund $117,000 A San Joaquin County, Calif., Superior Court Judge has ordered Lodi,Calif., resident Joseph C. Campbell, 39, to pay $117,000 in restitution to California’s State Compensation Insurance Fund, as a result of his conviction …
Bob Amado, president of Colemont’s Northern California offices, has retired, effective Jan. 1, 2006. Doris Barnett has been named his successor. Amado joined Colemont in 1997 and was instrumental in growing the company’s offices in San Francisco, Sacramento and Fresno, …
Hawaii Insurance Commissioner J.P. Schmidt has granted AAA Hawaii’s affiliated insurer a Certificate of Authority, allowing it to begin offering homeowners and auto insurance policies to AAA members in the Aloha state. Auto and homeowners insurance products will be provided …
The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market, which has risen from 4 percent in 1984 to almost 15 percent of the insurance market in 2005. The National Association of …
The California Department of Insurance has proposed new reinsurance oversight regulations, which several insurance industry associations said are “unnecessary, burdensome and anti-market competition,” according to comments filed at a public CDI hearing on Jan. 24, 2006, in Los Angeles. CDI …
There appears to be a lot of action on state legislative hills these days. Politicians have been meeting in most Western states to consider a wide variety of insurance proposals to regulate the industry. And hundreds of bills are likely …
