Wineries are drinking to their good fortune, with 13 consecutive years of sales growth and each acre of grapes producing between $15,000 and $75,000 in gross sales value, according to wine industry consultant Jon Fredrikson, also publisher of the Gomberg-Fredrikson …
Some California insurers are asking the Legislature to reconsider a proposal that they say will boost workers’ compensation temporary disability payments to injured workers dramatically. The American Insurance Association (AIA) submitted comments to the California Department of Insurance (CDI) on …
The California State Compensation Insurance Fund has selected Janet Frank to be its new president. Frank, currently executive vice president of North American Field Operations for CNA Financial, is scheduled to begin working at SCIF in October. SCIF noted it …
The California Court of Appeals has ruled that claims of assault and battery and emotional distress are barred by the workers’ compensation exclusivity rule, meaning that workers’ compensation is the only remedy for injuries that occur in the workplace. In …
California Insurance Commissioner Steve Poizner pledged to continue improving the state workers’ compensation insurer, California State Compensation Insurance Fund. Speaking at the joint Chartered Property Casualty Underwriters and Risk and Insurance Management Society meeting in San Francsico yesterday, Poizner said …
The “big problems” facing insurance agents and brokers today are human resources; government intervention; sustaining agency revenue growth/profit; maintaining a consistent company strategy and tactics; and company consolidation, according to Peter Cazzolla, CEO of Capital Insurance Group. Those five issues …
A wildfire in Lake Tahoe, Calif., that has destroyed at least 220 homes and forced about 1,000 people to flee their neighborhoods is anticipated to incur more than $25 million in insured losses, according to estimates by risk modeling company …
California’s State Compensation Insurance Fund suffered setbacks recently over unethical practices in its group programs, and an order by California Insurance Commissioner Steve Poizner forced the organization to address structural and operational changes. Yet newly appointed SCIF Interim President Lawrence …
Insurance CEOs tell risk managers improving service continues to be a top priority When it comes to the service carriers and brokers provide to today’s risk managers, the quality of that service “stinks,” according to J. Patrick Gallagher Jr., chairman, …
Capital markets, technology and the use of mass media could be disruptive forces in the insurance industry in the near future, according to Paula Reynolds, CEO of Seattle-based Safeco Insurance Co. Speaking at the Insurance Industry Charitable Foundation’s 8th Annual …
