Lawsuits against 401(k) plan fiduciaries and fund managers on the rise In recent 2007 year-end studies, both Cornerstone Research and NERA Economic Consulting documented how the subprime-related litigation wave drove an increase in securities class action filings during the year. …
States have five more years to verify identity, reissue licenses; even so some states continue to refuse compliance State officials and some in Congress remain skeptical about new federal rules for driver’s licenses, even after major changes designed to cut …
Startling Results “We wanted to know what these insurance agents see for 2008, and the results were more than a little startling.” —Joe Wheeler, vice president of Self Insured Solutions (SIS), commenting on a survey his company conducted with California …
Beecher Carlson, Alliance Insurance Atlanta-based Beecher Carlson insurance brokerage has acquired Phoenix-based Alliance Insurance Group. Financial terms of the transaction were not disclosed. According to Beecher Carlson, the acquisition supports its plan to partner with firms having compatible specialties and …
While flooding in California’s Central Valley is “the next big disaster waiting to happen,” water-related infrastructure issues confront almost every community across the country, according to engineers at the University of Maryland’s Clark School of Engineering in separate reports to …
A recent Arizona Supreme Court ruling blocks insurance companies from lowering underinsured motorist payments to injured people who have received workers’ compensation. Because the lawsuit was filed as a class action, the ruling against Bloomington, Ill.-based State Farm insurance could …
Trust, efficiency, quality, knowledge are among the values independent agents bring to the insurance transaction Managing insurance cycles to maintain profitability is a tricky proposition. Higher premiums produced by hard markets provide more income, but it may be difficult to …
The California Department of Insurance announced that 37,117 claims have been filed since the wildfires broke out in Southern California in October 2007, and 1,531 of those claims are known to be total losses. Insurers have paid more than $1.26 …
Zurich named Kevin Dunham senior vice president and global relationship leader for the western region of its Global Corporate in North America Business unit. Dunham is based in Glendale, Calif., and will manage accounts primarily in the southwest and western …
The Oregon Department of Insurance is reminding producers who write coverage for the more than 45,000 Oregon contractors licensed through the Construction Contractors Board of a new law that requires general liability insurance coverage to include products and completed operations …
