Chicago-based Hub International Ltd., an insurance brokerage firm, announced that it has signed a definitive agreement to acquire the assets of Byars Thompson Buchanan Insurance & Financial Services LLC, a Santa Maria, Calif.-based insurance brokerage firm. Terms of the acquisition …
Federal regulators late Friday warned 13 mining operations in seven states, including two owned by troubled Massey Energy Co., to show improvement on safety or face stricter enforcement. The Mine Safety and Health Administration says a 14th mining operation, Massey’s …
The California Supreme Court has ruled that the term “suit” in a comprehensive general liability policy includes federal administrative adjudicative proceedings before an administrative law judge of the U.S. Interior Board of Contract Appeals. In Ameron International Corp. v. Insurance …
Pasadena, Calif.-based Western Asset Management, the fixed income affiliate of Legg Mason Inc., has appointed three senior professionals to both broaden the firm’s lines of business and deepen its professional staff. Louis DiFranco is head of insurance services, with responsibility …
The Contractors Access Program of California (CAP), a self insured group, has been declared in default due to insufficient funding required for continued operation, California’s Department of Industrial Relations (DIR) Director John C. Duncan announced. Duncan said the default was …
California Insurance Commissioner Steve Poizner has rejected – for the third consecutive time – a workers’ comp rate filing submitted on behalf of insurers by the Workers’ Compensation Insurance Rating Bureau (WCIRB) seeking a 27.7 percent rate increase. “I will …
Insurance Brokers and Agents of the West (IBA West) is working to persuade the California Department of Insurance to phase-in implementation of provisions of a new law (AB 2782) that will require property/casualty insurance agents and brokers starting next year …
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. But agency owners are not the only ones in an agency who should be …
Managing multiple leaves of absence and the return-to-work process may require navigating a maze of complementary and conflicting requirements. Yet it’s important to manage these decisions properly, as appropriate “risk prevention keeps profits in [employers’] pockets,” according to Patricia Eyres, …
Jocosa McKinnie of Colorado Casualty Co. of Phoenix has competed in and won the Arizona Confidence While Communicating Speak-Off. Confidence While Communicating (CWC) is a program offered to members of the National Association of Insurance Women (International) to enhance their …
