Two more self-insured workers’ compensation groups in New York will close over the next several months, bringing the year’s tally to five, as officials continue to enforce stricter financial standards. The Retail & Wholesale Industry Worker Compensation Self-Insurance Trust, with …
Insurance Journal published in its west region edition the first in a series of articles on insurance trade associations. The Alliance of Insurance Agents and Brokers headquarters location was incorrectly stated. The Alliance headquarters is located in La Verne, Calif., …
Specialist international marine claims firm, Global Claims Management Ltd., will be opening a San Diego office and claims portal service on June 1. The San Diego office will provide marine claims surveying and adjusting services throughout California, Mexico and the …
The Idaho Department of Insurance has issued a cease and desist order against Sinclair Insurance Co. Ltd. and N.M. Sim Management Ltd. In early April 2006, the Idaho Department of Insurance received information indicating that Sinclair Insurance Co. Ltd., through …
California’s Workers’ Compensation Insurance Rating Bureau (WCIRB) Summary report of Insurer Experience covering accident year figures for 2005 show that loss ratios are at 34 percent. According to the report, that figure is up a percentage point from accident year …
Washington Insurance Commissioner Mike Kreidler has filed a lawsuit seeking damages from three out-of-state companies and their principals, alleging that they defrauded Cascade National Insurance Co. and precipitated the Bellevue insurance company’s financial failure. Kreidler assumed control of Cascade National …
An Arizona House Bill that would have made it more difficult for insurers to provide consumers information about automobile and glass repair facilities has died in the Senate Rules Committee, according to Kelly Campbell, western regional manager for the Property …
Preliminary findings suggest that during Hurricane Katrina, the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay beneath the peat that underlies the earthen structure. Researchers at Rensselaer Polytechnic Institute in Troy, N.Y., …
Responding to the increasing influx of business from the Southwest and Southern California, in particular, Boston-based Liberty International Underwriters, a division of Liberty Mutual Group, has opened a Los Angeles office. This is LIU’s second office in California and its …
The last 24 months have been traumatic for the insurance industry but the profit picture for 2006 is quite good overall, according to Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist. Premium growth, however, is a …
