Independent insurance agencies and carriers face a hefty list of concerns for 2010 — profit margins, cash flow, sales volume and marketing, the down economy and the possibility that it might falter again. Yet that doesn’t mean companies are cutting …
To alleviate concerns about homeowner under-insurance, the California Department of Insurance has informed Insurance Journal that it has scheduled a hearing for May 17 in Los Angeles to discuss proposed regulations governing standards and training for estimating replacement value on …
The Arizona House Commerce Committee has unanimously endorsed newly proposed legislation to require State Compensation Fund of Arizona (SCF Arizona) to become a private mutual insurance company owned by its policyholders. The bill states that the successor mutual insurer corporation …
A new Broker Insurance Group (BIG) has formed in California, starting with a flagship chapter to serve insurance professionals of the Inland Empire area. Under the leadership of President Sharron Varga, a broker and long-serving member of several industry organizations, …
Some people — Diff’rent Strokes’ Willis, perhaps (at least by Arnold Jackson’s standards) — have the gift of gab. And if you’ve been listening to the news in California, you know insurance groups and consumer advocates do, too. There’s already …
Pinnacol Assurance, Colorado’s quasi-governmental workers’ compensation insurer, has submitted a potential separation agreement to Colorado Gov. Bill Ritter that would establish Pinnacol as a domestic mutual insurance company owned by its policyholders in exchange for $330 million that could help …
Clackamas Insurance, which has offices in Clackamas and Sandy, Ore., has purchased Premier Insurance. According to W. Mike Moll, Clackamas president, all but one of Premier’s employees, and all the independent agents, have been retained. The acquistion should help Clackamas …
Insurance agents might want to take notes during tonight’s NCAA championship game between Butler and Duke. While NCAA men’s basketball tournament referee and insurance agent Gary Maxwell won’t tell you his personal pick to win (it’s against NCAA rules to …
A 7.2-magnitude quake struck at 3:40 p.m. on April 4, 2010 about 19 miles southeast of Mexicali, about 16 miles from Baja, Calif., according to the U.S. Geological Survey. The epicenter was located about 75 kilometers south of the Mexico-USA …
The California Court of Appeal has ruled that an insured can recover full defense costs, when an insurer fails to respond with timely defense. According to court documents in Intergulf Development v. Superior Court of San Diego County (Interstate Fire …
