With rapid innovations in the field of information technology, types of underwriting that didn’t exist a few decades ago have become prominent today. For example, companies engaging in information technology businesses face daily exposures from theft or damage caused by …
In 2005, the private passenger auto insurance industry lost $16.2 billion because of premium rating error, according to San Francisco-based Quality Planning Corp.’s annual Premium Rating Error report. Data showed premium rating error represented 9.9 percent of the $163 billion …
On Sept. 13, epidemiologists in New Mexico, Wisconsin and Oregon began discussing a cluster of E. coli infections and warned the Centers for Disease Control and Prevention that they suspected fresh-bagged spinach as the source of what could potentially become …
From holding the line on new reforms to reducing uninsured motorists, a fair share of work lurks ahead for California’s soon-to-be-chosen insurance commissioner. Front-runners fighting for the honor of regulating California’s insurance industry and regulatory environment in November’s election are …
In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example, California State University at Fullerton’s Insurance Leadership Internship Program provides …
In cooperation with insurance industry partners, universities across the nation are helping to cultivate the next generation of risk managers and actuarial scientists through insurance internship programs. As an example, the California State University at Fullerton’s Insurance Leadership Internship Program …
A year ago, many home insurers in southern Louisiana refused to write new policies, or left vulnerable coastal community markets in fear of potential losses occurring from future storms. Many companies stopped writing to handle claims still lingering from the …
Automakers should be held liable for contributions to global warming, according to California Attorney General Bill Lockyer. Thus, he recently filed a lawsuit against leading U.S. and Japanese auto manufacturers, alleging their vehicle emissions contribute significantly to global warming, harm …
The American Insurance Association (AIA), Civil Justice Association of California (CJAC), California Chamber of Commerce (CCC) and Association of California Insurance Companies (ACIC) have joined forces to oppose Senate Bill 832, which would mandate 75 percent of punitive damages awards …
The attorneys general of New York, Connecticut and Illinois are continuing their fight against anti-competitive practices in the insurance industry. In doing so, they have been finding fault with contingent commissions paid to insurance brokers and independent agents. Agent and …
