Seven automobile insurance firms have followed Allstate Insurance Co. in suing Toyota Motor Corp. to recover money they paid in claims for car crashes blamed on unintended acceleration of Toyota vehicles. The insurers’ court action has opened a new front …
Gov. Arnold Schwarzengger has appointed Larry Mulryan chairman of the California State Compensation Insurance Fund board. Mulryan replaces Jeanne Cain, whose term expired. The governor also appointed Scott Reid to the board. Mulryan was interim president and CEO of State …
The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said. The talks …
Are you an insurance news hound? Test your insurance news IQ and find out. The following questions and answers (at bottom of the page– don’t cheat!) were developed based on news stories published by InsuranceJournal.com in 2010. Good luck! 1. …
Calif. Insurance Commissioner Steve Poizner announced he has sent a letter to Gov.-Elect Jerry Brown to urge him to preserve the workers’ compensation insurance reforms that have reduced the Workers’ Compensation Cost Claims Benchmark by more than 60 percent since …
California’s Office of Administrative Law (OAL) has approved regulations designed to combat underinsurance and may require insurance agents and brokers to complete additional training. The regulations will take effect June 27, 2011. The Standards and Training for Estimating Replacement Value …
As California’s third elected insurance commissioner, Steve Poizner has had a wealth of accomplishments. Among other things, he: reduced the Department of Insurance’s operating budget by 13 percent, which allowed him to reduce fees for agents, brokers and insurers and …
Wood Gutmann & Bogart Insurance Brokers headquartered in Tustin, Calif., has announced the formation of Silicon Valley Risk and Insurance Services. David Wright, a 25-year veteran in the insurance industry and former vice president/shareholder of InterWest Insurance, will be the …
California Insurance Commissioner-Elect has appointed his executive team at the Department of Insurance. The team includes: Chief Deputy Commissioner Nettie Hoge; Deputy Commissioner, Health Policy Janice Rocco; Special Counsel and Deputy Commissioner Geoff Margolis; Deputy Commissioner and Legislative Director Michael …
Wood Gutmann & Bogart Insurance Brokers announced it has completed the acquisition of the assets from Barlocker Insurance Services of Carlsbad, Calif. Barlocker Insurance Services was formally affiliated with the Leavitt Group. Terms of the acquisition were not disclosed. The …
