Articles by Patricia-Anne Tom

Washington Closer To Creating Emergency Insurance for Flooding

Washington is one step closer to allowing the creation of a flood insurance joint underwriting association (JUA), a publicly sponsored, temporary, not-for-profit insurer of last resort to provide insurance when certain types of coverage become unavailable on the open market. …

2010 Will Challenge Calif. Insurance Agents, But Bright Spots Ahead

In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up. But 2010 may be just as tough, said …

Game Day Prediction: Pizzerias and Insurers Win on Super Bowl Sunday

February 7 — Super Bowl XLIV Sunday — may be the most hyped-up day of the year for football fans, and it’s also the most exciting day of the year for many pizza parlors that see record sales that day. …

Magnitude 5.9 Earthquake Strikes Northern California

A magnitude 5.9 earthquake has struck offshore Northern California at 12:20 p.m. PST, about 35 miles from Petolia and 50 miles from Eureka, the U.S. Geological Survey reported. This is the second earthquake in the area in less than a …

California Evaluates Continuous Coverage Discount

A California voter initiative that will appear on the June 8, 2010, ballot aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even if they change carriers could result in a …

Hawaii Could Tap Hurricane Fund to Fund School Education

Hawaii is closer to tapping its Hurricane Relief Fund to help balance the state budget and resolve teacher furloughs, as a legislative committee advanced a bill that would appropriate $50 million from the fund. Senate Bill 2124, which is now …

IBA West Pacific Northwest Chapter Joins Big ‘I’ Washington

Insurance Brokers and Agents of the West (IBA West) has disbanded its Pacific Northwest Chapter and joined forces with the Independent Insurance Agents and Brokers of Washington (Big “I” Washington). According to IBA West, “in light of continuing fiscal and …

2010 Will Challenge Calif. Insurance Agents, But Bright Spots Ahead

In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up. But 2010 may be just as tough, said …

Californians To Vote On Auto Insurance Persistency Discount

Californians for Fair Auto Insurance Rates has gained enough support to place a voter initiative on the June 8, 2010 ballot, aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even …

U.S. Businesses Face Increasing Threats From Chinese Cyber Attacks

U.S. businesses and government agencies are facing increasing risks of potential cyber attacks from China, according to a recent report. And IT departments that react defensively to such attacks may not be doing enough to prevent a “long term, sophisticated …