Certificates of insurance can create problems for insurance agents, especially in the areas of commercial property and the construction industries. The potential for disputes to arise is so great that a regulator recently felt the need to remind agents and …
Managing multiple leaves of absence and the return-to-work process may require navigating a maze of complementary and conflicting requirements. Yet it’s important to manage these decisions properly, as appropriate “risk prevention keeps profits in [employers’] pockets,” according to Patricia Eyres, …
Voters in the state of Washington have rejected a measure to inject private insurer competition into the state’s workers’ compensation system. The insurance industry hoped to open up the state’s workers’ compensation insurance system to the private market and eliminate …
Company Progressing on Mass Market Strategy Fireman’s Fund’s financials, like other insurance carriers’, got bruised a little in the first half of 2010, following some heavy catastrophe losses. But company President and CEO Mike LaRocco said he’s “very bullish” about …
How Insurance Companies Can Live to Be 100 and Beyond Companies that seek longevity in the insurance industry should not focus solely on increasing profits. That’s the assessment of Robert P. Hartwig, president and economist for the Insurance Information Institute. …
Nearly 13 percent of property/casualty insurance companies today are more than 100 years old, which means they have been through two World Wars and the Great Depression. About 62 percent of 100-year-old companies are mutual insurers, while stock insurers account …
It’s a cat chasing-its-tail scenario. Or maybe a Catch-22. Chicken-and-egg? Whatever it is, it’s a mess. The scenario is this: The economy takes a nose dive, so the government lowers interest rates to nearly zero to jump-start the economy. Large …
The California Supreme Court has declined to review the decision in Milpitas Unified School District v. WCAB (Guzman), a case that is being heavily watched by the workers’ compensation insurance industry. In September, Bradford & Barthel, LLP’s Louis Larres filed …
Chubb & Son announced its attorneys have filed an appeal with the Washington Office of the Insurance Commissioner over enforcement action that would have prevented six of its companies from writing new policies for nine months. The appeal resulted in …
California’s State Compensation Insurance Fund announced it has revised its broker of record policy, as well as filed for a 5.2 percent overall rate increase for 2011. The rate filing also includes changes that it says will better serve employers …
