Safeco President and CEO Paula Reynolds announced executive changes made to accelerate the company’s progress toward becoming a low-cost insurance provider with distinctive products and services. Mike Hughes was named executive vice president-Insurance Operations, overseeing profit-and-loss for personal and commercial …
With a spate of wildfires in Southern California and an explosion of lightning-ignited blazes in the northeastern part of the state, the start of this year’s fire season has many officials on edge. As of mid-July, California had 3,295 fires …
The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. The law placed responsibility for insurance regulation with the states and has permitted insurers to employ joint …
The AAMGA is an international trade association comprised of 503 member agents, brokers, insurance, captive and reinsurance companies, Lloyd’s of London syndicates and underwriters, state stamping and surplus line offices, and related entities all engaged in the wholesale insurance marketplace …
Residential construction throughout the country surged to an all-time high in 2005, according to the United States Commerce Department. And though economists forecasted a slowing of construction and sales activity in 2006, construction of new homes shot up in January …
Just over a month after asking insurers in his state to voluntarily do so, Louisiana Commis-sioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period in which a policyholder can file …
Insurance professionals have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of risks ahead and given the speed of …
A Mississippi judge refused to throw out an engineer’s testimony that Hurricane Katrina’s winds caused much of the damage to the home of a Mississippi couple suing Nationwide Mutual Insurance Co. for denying most of the couple’s claim, the Assosated …
Explaining Seattle-based Safe-co’s recent announcement that it would sell its products directly to the consumer over the Internet, president and CEO Paul Rosput Reynolds said the company previously had been not “completely honest” about its sales distribution channels. “I felt …
Despite knowing that driving and talking on a cell phone at the same time is dangerous and that it is safer to use a hands-free device to hold a cell phone, a large majority of drivers with cell phones still …
