Articles by Patricia-Anne Tom

Insurers Blast Insurance Regulators as Closed to Open Dialogue

The National Association of Insurance Commissioners is losing trust because it at times operates behind closed doors and is not open to dialogue with the insurance industry. That was the criticism of NAIC, as voiced by representatives of the American …

California Regulator Says Insurance Needs Local Regulation, More Modernization

Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance Commissioners Summer Meeting in San Francisco. Poizner said he …

Insurance Industry Celebrates Women’s Achievements

May 18-24, 2008, marked National Insurance Women’s Week, a celebration recognizing the contributions women are making in all areas of the insurance industry. The National Association of Insurance Women began NAIW Week as National Insurance Women’s Day on May 10, …

Insurance Commissioners, Fireman’s Fund Execs Address Climate Change

Representatives from the nation’s insurance regulator community adopted a climate change white paper at the National Association of Insurance Commissioners Summer Meeting in San Francisco on Monday, June 2, 2008. The paper is geared to be a guideline for regulators …

Insurance Industry Celebrates Women’s Achievements

May 18-24, 2008, marked National Insurance Women’s Week, a celebration recognizing the contributions women are making in all areas of the insurance industry. The National Association of Insurance Women began NAIW Week as National Insurance Women’s Day on May 10, …

Claims of Agent’s Professional Negligence Can Be Assigned To Third Party

The Supreme Court of Arizona ruled that an insurance agent’s clients may assert claims for professional negligence against the client and may assign such claims to third parties. According to D. Jere’ Webb v. Victoria Gittlen, in 2000, Neal and …

California House Passes Agent-Broker Bill

The California Assembly on May 22, 2008, passed a bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent. The Assembly voted 60-6 in favor of AB 2956. The …

Storm Ready

Forecasters predict that the 2008 Atlantic hurricane season will be an active one for hurricane and tropical storm formation. The National Oceanic and Atmospheric Administration’s most recent forecast sees 12 to 16 named storms between June 1 and November 30. …

Arizona Law Expands Fine for Worker Deaths

Thanks to a bill recently signed by Arizona Gov. Janet Napolitano, families of workers in the state now have greater protections when companies willfully or repeatedly violate laws and it results in a worker’s death. Senate Bill 1125, “Amending Sections …

California Assembly Passes Agent-Broker Bill

The California Assembly passed a bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent. The Assembly voted in favor of AB 2956 by a margin of 60-6. The …