Monthly Archives: <span>July 2010</span>

Insurers Divest Nearly $400M in Iran-Related Assets

California Insurance Commissioner Steve Poizner announced that his focus on reducing the exposure of California policyholders to risky Iran-related investments resulted in insurers selling nearly one-fifth of the assets the industry holds in the 50 companies the California Department of …

CMTA and CompWest Form Workers’ Compensation Partnership

The California Manufacturers and Technology Association (CMTA) and CompWest Insurance Company have formed a partnership to provide a group workers’ compensation program for California’s manufacturing sector. The program will be effective July 1, 2010 and will include over 120 classes …

San Francisco’s Socius Insurance Names Montalbano Associate Broker

Socius Insurance Services Inc., a San Francisco-based management liability and property/casualty insurance wholesaler, has appointed Ellen Montalbano as associate broker in the firm’s San Francisco office. Montalbano has 18 years of experience in insurance, focused on errors and omissions, directors …

Safety Advocates Propose National Database to Track Jockey Injuries

Horse racing safety advocates are proposing national systems for tracking jockey injuries and sharing horse pre-race medical records in an effort to reduce accidents. The third annual Welfare and Safety of the Racehorse Summit, sponsored by the Jockey Club, focused …

Dodge Joins EPIC as Benefits Technology Specialist

EPIC (Edgewood Partners Insurance Center), a retail property/casualty and employee benefits insurance brokerage, has hired Sarah Dodge as benefits technology specialist in the company’s Employee Benefits Consulting Division. Dodge adds significant benefits, human resources management system and payroll administration knowledge …

Goldman Defends Its Claims on AIG As Legitimate

Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout. Members of the Financial Crisis Inquiry Commission …

Rocky Mountain Insurance Association Warns Against Fireworks Hazards

Fireworks fans may get a bang for their buck as they light up the skies this Fourth of July weekend, but the unsafe use of fireworks comes with a hefty price tag — both in terms of fire property loss …

Texas Attorney General: Alex Triggers Price Gouging Law

Texas Attorney General Greg Abbott has advised South Texans affected by Hurricane Alex that Gov. Rick Perry’s disaster declaration activates state laws that prohibit price gouging. Hurricane Alex had developed into a Category 2 storm with 105 mph winds by …

UNFCU Financial, Clements International to Offer Life, Accident Program Overseas

UNFCU Financial Advisors, a United Nations Federal Credit Union-owned company, has partnered with Clements International to offer an international term life and personal accident insurance program to meet the needs of its members in the field, many of whom work …

Western National Insurance Enters Iowa’s Personal Lines Market

Western National Insurance Group, headquartered in Edina, Minn., announced that it has expanded its personal lines program to begin serving customers in the Iowa. Effective immediately, the carrier’s personal insurance products — personal auto, homeowners, dwelling property and personal umbrella …