Editor’s Note: This is the first part of a two-part roundtable discussion in which KPMG professionals examine the scope and source of identity theft, and how corporations need a multi-disciplinary approach to fight it. Part 2 of the roundtable will …
Erin Toll, deputy commissioner of the Colorado Insurance Department, pledged to close 180 affiliated businesses operating illegally in her state this year. Toll said there is nothing wrong with affiliated businesses that operate properly. However, she is seeking legislation in …
The focus of litigations and investigations on electronic documents, particularly e-mails, and the increasing accountability of compliance programs, including record retention, are leading organizations to reexamine their document management. That includes e-mail destruction practices, records management programs, compliance training and …
Risk Management Solutions, Newark, Calif., has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific, and that they are designed to justify insurance premium increases. RMS declined …
California Governor, Arnold Schwarzenegger won’t be making major workers’ compensation movements this year regarding permanent disability, according to an industry lobbyist. “[Schwarzenegger’s] administration reiterated its original position recently that it would reexamine the permanent disability schedule after 18 months worth …
Ray Wersching, once the kicker with the San Francisco 49ers of the National Football League and a former Farmers Insurance agent, was charged with insurance fraud, tax evasion and the hiring of a convicted felon to handle the insurance business …
Former Calif. life insurance agent convicted for faulty notes California Insurance Commissioner John Garamendi announced the conviction of former life insurance agent Bassem Btadini, 51, also known as Bob Btadini. Btadini entered a no contest plea and was convicted of …
In the wake of stiff industry opposition, a California proposal that would have have impeded consumer access to affordable auto repairs has been sufficiently mitigated for now, said a spokesman for the National Association of Mutual Insurance Companies (NAMIC). NAMIC, …
The Arizona Department of Insurance has established new civil penalties if a surplus lines broker fails to remit the surplus lines tax provided for by state statute 20-416 based on the amount of tax overdue. According to the department, up …
Editor’s note: This is the second article in a series on Western insurance associations. Part I of this article appeared in the April 3, 2006, western region publication beginning on page 47. As people migrate to the West, insurers’ must …
