California’s State Compensation Insurance Fund has terminated its relationship with Western Insurance Administrators and resumed its relationship with Shasta Builders’ Exchange. “I can confirm we don’t have a business relationship with Western Insurance Administrators any longer,” State Fund Spokeswoman Jennifer …
California clarifies surplus lines rules for retail agents California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus lines brokers, the California Department of Insurance confirmed. CDI …
Major Internet disruption would cost $250 billion in economic damages New report urges CEOs to take action now to ensure continuity of their businesses should a meltdown occur A major disruption to the Internet would not only be detrimental to …
The offshore reinsurance tax debate resurfaces in Congress again Domestic-owned insurers claim Bermuda-based companies hold an unfair tax advantage An industry executive, representing a coalition of 14 large U.S.-based insurance groups, told the U.S. Senate Finance Committee late last month …
N.Y. to issue driving licenses for illegal immigrants New York State officials say a plan to provide driver’s licenses to illegal immigrants with valid foreign passports will enhance security by creating records of their identities. But critics say those records …
House-passed flood insurance bill provides optional windstorm coverage The U.S. House of Representatives has passed a measure updating the nation’s flood insurance program that will give homeowners the option of purchasing windstorm coverage as part of their flood policy. The …
Mass. warned on coastal development and insurance A major hurricane making landfall in Massachusetts could cause billions of dollars worth of property damage while also severely straining the resources of the state’s residual homeowners’ insurance market, the FAIR Plan, according …
Plaintiffs fail to prove racketeering by Marsh, insurers and brokers Dismissal of corruption conspiracy charges follows earlier dismissal of antitrust complaint The same federal judge who early in September dismissed all federal antitrust charges against Marsh & McLennan Companies and …
Mass. consumer groups say auto deregulation plan needs work A Massachusetts consumer group and Attorney General Martha Coakley urged Insurance Commissioner Nonnie Burnes to incorporate more consumer protections and ban the use of credit scores in her proposed auto insurance …
Former franchisees challenge Brooke agent dealings But fast-growing franchisor denies misleading any agents Overland Park, Kan.-based insurance agency franchisor Brooke Corp. has been hit with a number of lawsuits that raise questions about its business dealings with agents who bought …
