The California Department of Insurance is prohibiting James Henry Sim of Westland Insurance Brokers of San Diego from selling insurance and participating in conducting business through any production agency without the California Commissioner’s consent. According to CDI enforcement action documents …
As lawfirms face tough economic conditions today, some firms have been forced to make cutbacks, including employee layoffs. Such downsizing leaves businesses, even lawfirms, vulnerable to employment lawsuits, says one industry executive. “Even law firms are not immune to employment …
SeaBright Insurance Holdings Inc., based in Seattle, Wash., reported net income for the fourth quarter 2008 increased 2.3 percent year-over-year, to $10.2 million compared to net income of $10.0 million for the same period in 2007. Total revenue for the …
A pickup truck and a trailer containing an expensive open-wheel race car have been stolen from the parking lot of an Oklahoma City motel, police said. Eugene Nolen of Indianapolis said the $250,000 loss could mean the end of his …
Louisiana-based Amerisafe Inc., a writer of high hazard workers’ compensation insurance, said its fourth-quarter profit fell 69 percent due to $13.4 million in realized capital losses. Net income for the quarter dropped to $5.7 million, or 28 cents per share, …
Zurich Financial Services AG will find this year tougher than 2008, when profit fell 47 percent, a senior executive of the Swiss insurer said on Wednesday. Patrick O’Sullivan, vice chairman of the management board and chief growth officer, said Zurich …
A proposal requiring motorcyclists to make a choice between wearing a helmet or carrying thousands of dollars in health insurance has been thwarted by a state Senate panel. The bill, which would have required motorcyclists to carry $10,000 in health …
Kimberly J. Muesse of Lockton Companies Inc. in Houston, Texas, has been named the ACSR of the Year by the Independent Insurance Agents & Brokers of America (the Big “I”). Feb. 25 is the annual ACSR Tribute Day in honor …
The European Union should set up two bodies to coordinate oversight of financial institutions across Europe, according to a report on Wednesday which disappointed those seeking simpler structures with more teeth. Part of efforts to restore investors’ confidence burnt by …
The Texas Higher Education Coordinating Board has approved a proposal by the University of Houston-Downtown (UHD) to offer a Bachelor of Business Administration degree in Insurance and Risk Management. The new degree program is designed to develop career professionals for …
