Washington’s Department of Labor & Industries (L&I) has proposed a 3 percent increase in 2009 workers’ compensation rates. Average premiums would go up by just under 2 cents per hour worked. “We are in times of economic uncertainty and we …
The first memorial service for a victim of the Sept. 12, 2008, Metrolink train collision was held in Simi Valley, Calif. Howard Pompel, 69, an insurance agent and father of three from Moorpark, Calif., was among the 25 people killed …
Woodland Hills, Calif.-based C.M. Meiers Co. Inc. has named Greg Jones managing director for the production insurance division of CMM Entertainment, a division of C.M. Meiers Co. Inc. A 28-year veteran of the insurance industry, Jones began his career in …
Responding to the federal government’s bail-out of AIG, California Insurance Commissioner Steve Poizner issued the following statement, noting the two dozen companies under the AIG corporate umbrella that are licensed to sell insurance in California. “I have made monitoring the …
A recent national survey of restaurant decision-makers finds that they place too much emphasis on the price of their workers’ compensation insurance, potentially forgoing the long-term financial benefits of accident prevention and other loss control measures. The survey results, released …
Hawaii Pacific University has instituted a graduate program in insurance and risk management. According to Hawaii Insurance Commissioner J.P. Schmidt, “HPU’s graduate insurance program is the first in the West. Many corporations, as well as insurance companies, have an increasing …
Jean Nederloe was named Marketing Director for the North Zone operations of Wisconsin-based Wausau Signature Agency (WSA). Nederloe is based in WSA’s Milwaukee office and will work in conjunction with marketing operations in WSA’s East and South zones to help …
Former U.S. Securities and Exchange Commission Chairman William Donaldson said the United States needs a regulatory overhaul, similar to changes made to the system after the Great Depression. “It’s clear there have been some regulatory breakdowns,” Donaldson said at a …
A.M. Best Co. has reported that all financial strength ratings (FSR) and issuer credit ratings (ICR) of American International Group, Inc. (AIG) and its subsidiaries are unchanged from the downgrades it issued earlier this week. The “under review with negative …
National Association of Insurance Commissioners (NAIC) President and Kansas Insurance Commissioner Sandy Praeger today issued the following statement regarding American International Group (AIG): In times of crisis, the first questions on everyone’s mind are often: Who’s to blame? What went …
