Avoiding Costly — And Unnecessary — Hiring Mistakes in a Down Economy With layoffs, downsizing and stressed-out employees, it is more important than ever for employers to fully grasp the legal aspects of hiring, managing and terminating workers. Hiring new …
Most insurance professionals detest a soft market because of the increase in competition, unreasonably low pricing and increased market vulnerability. Some, however, may appreciate a softening precisely because of the change in underwriting and pricing philosophies. No soft market lasts …
Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in …
Tax time isn’t the only time insurance agents need someone to look at their books. Business owners should be informed monthly of their tax liability. In fact, agencies can benefit from having someone offer week-to-week financial advice. Good financial management …
Deteriorating economic conditions threaten a massive wave of corporate defaults. Corporate borrowers’ inability to fulfill debt obligations could prompt a bankruptcy filing surge and lead to lawsuits as creditors and shareholders seek to recoup their losses. These claims could present …
California Assembly Member Dave Jones, D-Sacramento, has introduced AB 1521, “Health care coverage: solicitation,” that would establish a fiduciary duty for persons or entities that submit an application to a plan or insurer that results in the offer, sale or …
The Hawaii Insurance Division is re-issuing license certificates to resident and nonresident insurance producers who sell personal lines insurance. The Homeowners-Personal Lines (HO-PL) and Vehicle-Personal Lines (VE-PL) insurance classes have been combined as Personal Lines (PL-ALL) to conform with the …
$28.2 Billion Amount insurers contributed to California’s gross state product in 2006, according to a report by the Insurance Information Institute. The report also noted insurers accounted for nearly 300,000 jobs in the state. Property and casualty insurers provided approximately …
The Workers’ Compensation Insurance Rating Bureau of California (WCIRB) has recommended to the California Department of Insurance (DOI) to implement a 24.4 percent increase in pure premium rates that would take effect July 1, 2009, for new and renewal policies. …
Pleased With Proposal “We are encouraged by Treasury Secretary [Timothy] Geithner’s statements that this proposal will maintain the important role that state regulators play in supervising insurance companies. We agree with his assertion that financial institutions must not be allowed …
