Stock Prices: Overall, brokers’ stocks have performed well year-to-date, up 8 percent. A strong contributor to the stock price increase is the merger and acquisition premium related to the high prices private equity firms recently paid for Hub International Ltd. …
It’s becoming a familiar song: the Federal Terrorism Risk Insurance Act (TRIA) is once again due to expire on Dec. 31, 2007, and as of this writing, no long- or short-term successor program has been decided upon or finalized. The …
Group challenges Fireman’s Fund’s earthquake rates Consumer advocates have filed a challenge to block a proposed 25 percent increase in Fireman’s Fund’s earthquake rates in California, a move that they say could save each of the company’s earthquake customers $356 …
The Bank of Albuquerque will be the custodian of more than $380 million in deposits from about 1,400 insurance companies doing business in New Mexico. The bank has been awarded a one-year contract, beginning July 1, to oversee the deposits, …
Arizona aims to raise workers’ compensation benefits limits Arizona is proposing to increase the caps on workers’ compensation benefits received by employees hurt on the job. Under a freshly rewritten workers’ compensation bill given preliminary Senate approval on voice vote, …
One of the standard features of the typical directors’ and officers’ liability insurance policy is the provision allowing the insureds to select their own defense counsel, subject only to the insurance carrier’s consent (such consent not to be unreasonably withheld). …
Washington’s Department of Labor and Industries has issued an emergency rule, requiring employers to take precautions to prevent heat-related illness for anyone working outdoors in hot weather. This is the second summer in a row that L&I adopted the emergency …
Bank of Albuquerque The Bank of Albuquerque will be the custodian of more than $380 million in deposits from about 1,400 insurance companies doing business in New Mexico. The bank has been awarded a one-year contract, beginning July 1, to …
California’s State Compensation Insurance Fund suffered setbacks recently over unethical practices in its group programs, and an order by California Insurance Commissioner Steve Poizner forced the organization to address structural and operational changes. Yet newly appointed SCIF President Lawrence Mulryan …
Oregon Fines Former Marsh Executive The Oregon Department of Consumer and Business Services has fined a former executive of insurance broker Marsh USA Inc. for her role in overcharging public entities for insurance coverage. Debora A. Leopold-Hutchins, who was fined …
