California Gov. Arnold Schwarzenegger is proposing to sell a portion of the state workers’ compensation insurer State Compensation Insurance Fund for $1 billion, Rachel Cameron, deputy press secretary for the governor, confirmed. In his 2009-10 May Revision General Fund Proposals, …
California Insurance Commissioner Steve Poizner has issued proposed regulations for Pay-Drive (Usage Based Auto Insurance), and is accepting public comments on the proposal until 5 p.m., Thursday, July 9, 2009. According to the Commissioner, “Insurers frequently rely on consumers to …
California Insurance Commissioner Steve Poizner said he is “troubled by the details of the proposal” to sell some assets of the state’s workers’ compensation insurance, State Compensation Insurance Fund (SCIF). Gov. Arnold Schwarzenegger in his 2009-10 May Revision General Fund …
California Gov. Arnold Schwarzenegger is proposing to sell a portion of the state workers’ compensation insurer State Compensation Insurance Fund for $1 billion, Rachel Cameron, deputy press secretary for the governor, confirmed. In his 2009-10 May Revision General Fund Proposals, …
Fireman’s Fund Insurance Co., based in Novato, Calif., is planning on expanding its product lines to reach a broader customer base, according to company executives. In an exclusive interview with Insurance Journal, Mike LaRocco, CEO of Fireman’s Fund, and Eleanor …
Montana’s Department of Insurance is now handling the operations of the Surplus Lines Stamping Office. Under the change, the agency will directly review and process surplus lines submissions, verify that agents are licensed, determine the applicable stamping fee owed, and …
While California’s economy nears crisis, with the state Legislature’s seeming inability to agree on a budget before the July 1 fiscal deadline, the state Legislature still is evaluting bills for legislative action, insurance measures included. AB 328, which is being …
Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto consumers, they should …
The California Department of Insurance has released an audit report of the state’s Workers’ Compensation Insurance Rating Bureau. Among the recommendations are that WCIRB should: Begin to collect the detailed, transaction-level data needed to perform refined analyses of the potential …
Insurance fraud has become a nationwide problem, and experts say it’s a problem that has the potential to get worse as people look for ways to cut down on their expenses as the economy tightens. “The special agents at NICB …
