Nevada Insurance Commissioner Scott Kipper has approved revised workers’ compensation voluntary loss costs and assigned risk rates filed by the National Council on Compensation Insurance (NCCI). The revised loss costs and assigned risk rates became effective March 1, 2009, and …
“You don’t have to be Hispanic to join the Hispanic Chamber of Commerce.” George Saenz Sr., founder of Cielo Vista Insurance Agency in El Paso, Texas, made that comment when Insurance Journal spoke to him while researching an article on …
$6.8 Million Colorado’s Division of Insurance announced that Allstate Insurance Group decreased its rates for private passenger automobile policies in the state, providing a savings of $6.8 million to consumers through reduced premiums. Actuarial analysis submitted to the state DOI …
A Nevada Senate panel heard testimony recently on a bill to let police ticket cab passengers for not wearing seat belts, and also ticket cabbies who don’t ensure that children riding in their taxis are buckled up. SB145 would make …
Dear Shareholders “It will be interesting to see if Buffett himself has learned lessons he might not have learned in his long career. … Berkshire got hit in four ways. Falling stock prices, the put options, increased economic sensitivity through …
The Wyoming House of Representatives has defeated a bill that would have increased the financial minimum limits on personal automobile liability coverage. If it had passed, HB 160, the Motor Vehicle Financial Responsibility Bill, would have raised the minimum limits …
It’s rainy season, meaning there’s an increased risk for flooding. Since 1996, Oregon and Washington have had 18 federally declared flood disasters due to heavy rains, cresting rivers, backed-up storm drains and saturated ground. Hundreds of homes and businesses were …
San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance Services, are Neal Aton, head of Wells Fargo Insurance …
Mercury Insurance Los Angeles-based Mercury General Corp. reported a net loss in the fourth quarter 2008 of $168.3 million, compared with net income of $44.6 million for the same period in 2007. For the year, net loss was $242.1 million, …
You May Not Know What You Think You Know About Flood Insurance Claims When dealing with claims under flood insurance policies, you may be surprised that many things you think you know are wrong, and, particularly for insureds, many things …
