California News

State Inaction Risks Loss of Surplus Lines Premium Tax Revenue

The States appear poised, through inaction, to leave untold millions of dollars in premium tax revenue “on the table” when the Nonadmitted Insurance and Reinsurance Reform Act (NRRA) becomes the law of the land on July 21, 2011. Under Subtitle …

Insurance Vital to Alabama Coast Long-Term Plan, Says Commission

Coastal Alabama should seize the BP Gulf oil disaster as an opportunity for “resiliency planning” that will not only help the region recover from the oil damage but also put it in a position to better recover from any future …

Texas November Enforcements Result in Nearly $215K in Fines, Restitution

Enforcement actions taken by the Texas Department of Insurance that became final during November 2010 include 10 license revocations, and fines and restitution totaling $214,632. Copies of Insurance Commissioner Mike Geeslin’s orders may be obtained by contacting TDI’s Public Information …

California Rain Shatters Records; More Coming

A storm walloped parts of California with up to 7 inchesof rain and spawned minor flooding, mudslides and road closures Dec. 20, but forecasters warn the bad weather’s real impact may be yet to come. More than 3 additional inches …

Washington Hearing Possible on Calif. Gas Pipe Explosion

Federal investigators may subpoena witnesses to testify in Washington about the deadly Pacific Gas & Electric Co. natural gas pipeline explosion in San Bruno, Calif. National Transportation Safety Board member Mark Rosekind said board members voted during the weekend whether …

American Claims Management Announces New Business Relationship with Zurich

CLARIFICATION OF RELEASE SENT ON 12/20/2010 San Diego, CA 12/21/10 – American Claims Management, Inc. (ACM) announces a new business relationship with Zurich North America Commercial’s Programs business (ZURICH). Effective December 1, 2010, ACM will commence handling all California Workers’ …

2010/2011 Buyer’s Guide

Welcome to Insurance Journal’s 2nd annual Buyer’s Guide, a tear-out directory of services, products and solutions for the insurance industry. Companies are listed within eleven different categories; Agents, Agent Networks, Agency Services, Claims, Construction/Restoration, Education/Training, Human Resources, Insurance Associations, Marketing, …

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …

Business Moves

Ryan Specialty Group, Oakbridge R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on executive and professional liability exposures and insurance solutions. Terms were not …

How an E&O Claim Could Affect Agency Employee’s Career

Survey Finds Agencies Take a Second Look at Hiring Employees With Past E&O Histories Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. …