Workplaces are getting safer each year; but that doesn’t mean the cost of workers’ comp coverage will decline Ongoing efforts to curb workplace injuries have made substantial progress in most parts of the country. That’s good news for employees, of …
But rising medical costs, regulatory landscape and insurers’ low investment yields make the long-term outlook less certain The workers’ compensation insurance market turned in solid overall results in 2007, and the short-term view for the market is optimistic. But the …
Reflecting the general upward trends in the cost of property and liability insurance claims, State Farm General Insurance Co. has filed a request for an average statewide 6.9 percent rate increase with the California Department of Insurance. The rate filing …
Barney & Barney, Saylor & Hill Barney & Barney LLC, a San Diego-based insurance brokerage, closed its merger with Saylor & Hill Co., an Oakland, Calif.-based brokerage. The combined companies will work together to provide insurance, risk management and employee …
The Colorado House is considering a bill that is designed to protect consumers by strengthening penalties when insurance carriers act unreasonably. However, the Property Casualty Insurers Association of America (PCI) is urging the state Legislature to reject the bill, saying …
Californians permanently injured on the job would get an average 16 percent increase in disability payments under new rules proposed by the state Division of Workers’ Compensation. The formula being proposed is based on new data that links wage losses …
Charlotte, N.C.-based national wholesale insurance broker AmWINS Group Inc. named James Drinkwater president of its AmWINS Brokerage division. He will be responsible for the management of the division, which is focused on property/casualty insurance brokerage operations. Prior to being promoted …
As the insurance industry continues to be challenged with softening rates and premiums, innovation is key to long-term success, according to Julie K. Davis, executive vice president for Aon Corp.’s Wired for Growth program. Davis, a featured speaker at sessions …
Longtime Nevada Insurance Commissioner Alice Molasky-Arman has decided to retire effective Sept. 7, 2008, after a long regulatory career. Molasky-Arman was named commissioner in 1995 and has served under three governors. She is the longest-serving insurance commissioner in state history. …
Strategic client reduction helps the company to provide a concierge-level of service When a company loses more than half of its clients, that could portend a demise in business. But that’s not always the case, according to California-based Suhr Risk …
