Mercury Insurance Company producers acting as brokers are considered agents and not brokers, and thus are not entitled to collect any broker fees, according to the California Court of Appeals’ ruling in Krumme v. Mercury Insurance Company. The Appeals court …
Four Professional Insurance Association (PIA) affiliate chapters recently united to form the PIA Western Alliance, a 1,500-member organization for independent agents based in Vancouver, Wash. The four PIA chapters that make up the Western Alliance, which was formed on Oct. …
California Insurance Commissioner John Garamendi called for a 2.2 percent reduction pure premium rates for workers’ compensation insurance in a Nov. 17 conference call to the media. “My current advice to the industry is that the cost of claims for …
Some drivers in Minnesota will soon have an added passenger in their cars: their insurance company. Progressive Insurance Co. is using so-called “black box” technology to offer drivers discounts based on how much, how fast and when they drive. The …
The California Insurance Guarantee Association (CIGA), will not be held responsible for covering workers’ comp claims filed by 500 of the staffing agency’s employees who were insured by insolvent carrier Reliance National Insurance Company, according to a California Court of …
The nearest way to come at glory is to do for conscience what you would do for glory,” said Gordon Stewart, president of the Insurance Information Institute (III), at the Insurance Industry Charitable Foundation’s 2004 Bridge Week Luncheon Celebration held …
Some drivers in Minnesota will soon have an added passenger in their cars: their insurance company. Progressive Insurance Company is using so-called “black box” technology to offer drivers discounts based on how much, how fast and when they drive. The …
On Nov. 2, citizens of three Western states will decide whether or not to limit damage awards in medical malpractice insurance cases. Nevada, Oregon and Wyoming will join Florida as the four states to consider placing caps on noneconomic awards …
After devoting heart and soul to the Insurance Industry Charitable Fund (IICF) for 10 years, CEO Karen Chin officially retired on Oct. 1. The Walnut Creek, Calif.-based organization allows people in the insurance industry to contribute money and time to …
South Carolina Governor Mark Sanford recently signed SB 686, a personal lines flex-rating bill that could ultimately result in the elimination of prior approval for homeowners insurance rates. The bill al-lows carriers to in-crease or decrease rates within a 7 …
