April 3, 2006
Multi-State Agencies IBA West (Alaska, California, Oregon, Washington). Web site: www.iba west.com PIA West (Alaska, Arizona, California, Idaho, Montana, Nevada, New Mexico, Oregon, Washington). Phone: (888) 246-4466. Western Insurance Agents Association (Arizona, California, Colorado, Nevada and New Mexico). Phone: (800) …
April 3, 2006
A state appeals court in San Jose, Calif. has reinstated a class-action lawsuit alleging that several paint manufacturers knowingly sold harmful lead-based paint products. The Sixth District Court of Appeal on March 10 reversed a Santa Clara County Superior Court …
April 3, 2006
Standard & Poor’s Ratings Services said that its criteria for measuring catastrophe risk for primary insurers will be revised early in the second quarter of this year. (For reinsurers, there are no current plans to further revise these criteria.) The …
March 20, 2006
Members of the Arizona Senate are considering a bill designed to safeguard the personal information of Arizona residents. SB 1338, authored by Sen. John Huppenthal, R-HD 20, requires businesses to notify their customers if data containing clients’ personal information is …
March 20, 2006
Farmers Insurance Exchange, Los Angeles, has begun serving civil summons and complaints on Redding, Calif.-based auto glass company Onsight Auto Glass and its owner. Farmers is accusing the company of taking part in a scheme designed to defraud the insurer …
March 20, 2006
Utah insurers faced a busy and difficult year during the Utah 2006 legislative session, according to the American Insurance Association. “Insurers had to play a lot of defense this year,” said Steve Suchil, AIA assistant vice president for the western …
March 20, 2006
Damage inspectors from the Federal Emergency Management Agency (FEMA) have begun meeting with California homeowners and renters who registered for disaster assistance after the severe flooding in December and January. FEMA schedules inspections to verify property damage and losses within …
March 20, 2006
Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented 2005 hurricane season, but also to prepare …
March 20, 2006
US Airways cannot collect insurance for post-9/11 business losses because it already received money for that purpose from the federal government, the Virginia Supreme Court ruled March 3, according to an Associate Press report. The Tempe, Ariz.-based air carrier received …
March 20, 2006
Pennsylvania Insurance Commissioner Diane Koken announced she will stop sending insurance agents’ fingerprints to a national repository, just days after a bill backed by the state’s independent agents that would have prohibited the state’s participation was introduced in the Pennsylvania …