California’s Workers’ Compensation Insurance Rating Bureau governing board has decided not to make a mid-year pure premium rate filing suggesting a 40 percent increase. Instead, the WCIRB will make an informational filing to provide data on the workers’ compensation system …
The Arizona Supreme Court has ruled that parents of minors are on the hook financially for auto accidents that occur, even when the children are violating their parents’ instructions. The high court’s decision in Amy Young v. Kenneth L. Beck …
The University of California (UC) has redefined the rules of cyber liability insurance, using an approach that the University’s Chief Risk Officer Grace Crickette calls “reverse underwriting.” Collaborating with the university’s chief information officers, insurance brokers Price Forbes & Alliant, …
Giant Berkshire Hathaway, which makes much of its money on insurance and investing insurance premiums, does not provide liability insurance for its own directors. Warren Buffett, the 80-year-old chairman of Berkshire Hathaway and billionaire investor, in his annual letter to …
California Sen. Noreen Evans, D-District 2, has introduced legislation to grant explicit authority to the state Insurance Commissioner to order restitution as part of an administrative enforcement action against an insurance company. If passed, Senate Bill 631 would give the …
In what appears to be its first foray into offering liability coverages, Zenith Insurance Co., a workers’ compensation insurance specialist, will be offering agribusiness insurance in California. Through its AgriBusiness Solutions Division, the company is providing: Commercial property coverage to …
Tsunami waves following Japan’s massive earthquake are estimated to have caused more than $50 million in damage in the Western United States, according to local officials. In Hawaii, Gov. Neil Abercrombie issued an emergency proclamation that will allow the state …
Insurers and reinsurers may have sufficient funds to absorb losses from Japan’s 9.1 magnitude earthquake, yet the impact of the quake and resulting tsunami and fires are a stark reminder that it’s important to adequately prepare for the quake, as …
The National Risk Retention Association has filed an amicus (friend of the court) brief protesting the Nevada Department of Insurance’s efforts stop a risk retention group from issuing automobile liability first dollar coverage. In July 2010, the DOI issued a …
Tsunami waves following Japan’s massive earthquake are estimated to have caused more than $50 million in damage in the Western United States, according to local officials. In Hawaii, Gov. Neil Abercrombie issued an emergency proclamation that will allow the state …
