Failing to Disclose Could Lead to Lawsuits Many insurance brokers and agents who perform services for premium finance companies may unwittingly violate certain disclosure requirements under the California Insurance Code because they are unaware that the obligations exist. In an …
Move from Residential to Commercial Construction Increasing Risk Severity Following legislative reforms, the slowing economy and soft market conditions, workers’ compensation insurance carriers are eager to build their business in California. But agents and brokers need to take care when …
Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance Commissioners Summer Meeting held in San Francisco on May …
The Wyoming Supreme Court ruled that the state Workers’ Compensation Division erred when it denied a worker benefits because it included his wife’s income in calculating the “household income” attributable to an employee under state statute. According to State of …
Should Subcontractors Be Hired as “Employees” or Independent Contractors? Two recent events remind the insurance industry of the importance of understanding the relationship of a worker at a construction site and protecting the insured when the construction worker has a …
Thanks to a bill recently signed by Arizona Gov. Janet Napolitano, families of workers in the state now have greater protections when companies willfully or repeatedly violate laws and it results in a worker’s death. Senate Bill 1125, “Amending Sections …
Insurance broker Aon Corp. reported that the five government agencies to its 2005 regulatory settlement agreement agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions for a limited time. Under the amendment, a …
Incident Notwithstanding, Rail Accidents Down Nearly 25 Percent Nationally More than 3,000 residents of Lafayette, La., were evacuated on May 17, 2008, when a train derailed, spilling 10,000 gallons of hydrochloric acid. The Associated Press reported that the wreck spread …
Lockton, Schwander Insurance Services The Denver office of Lockton Companies LLC, a privately held insurance broker, acquired Schwander Insurance Services of Centennial, Colo. Schwander CEO and President Michael Schwander will become executive vice president at Lockton Denver. He and his …
A Court of Appeal in California rejected a constitutional challenge to the number of visits a worker is entitled to for chiropractic, physical therapy or occupational therapy visits under the state’s workers’ compensation rules. According to Jose Facundo-Guerrero v. Workers’ …
