The California Legislature has approved a new budget for its 2010-2011 fiscal year, passing it a record 100 days after its deadline. The budget includes major reforms in the state’s pension systemand projects to save CalPERS $100 billion by, among …
A consumer group is criticizing Calif. insurance commissioner candidate Mike Villines for supposedly taking $ 66,950 from insurance sources despite a pledge not to take money from the industry. Consumer Watchcdog says Mercury Insurance Chairman George Joseph and Progressive Insurance …
Tangram Insurance Services, a national insurance underwriter and alternative risk program manager, has introduced CompWest workers compensation program to the small to medium sized business market in California this month. CompWest is rated “A” by A.M. Best and offers online …
Munich Re has launched coverage in the United States for the photovoltaic-producing segment of the solar module industry and first ever of its kind in the world for CPV systems. CPV (concentrator photovoltaic) technology uses innovative optics to concentrate sunlight …
San Mateo, Calif.-based Guidewire Software, a lprovider of flexible core systems to property/casualty insurers, announced that Marcus Ryu, a company co-founder, is now CEO. He succeeds John Raguin. Raguin will continue to work with Guidewire as vice president and executive …
Texas Associates Insurors has added Dave Perez as its newest insurance and risk advisor. As a student of Texas A&M University, on Sept. 11, 2001, Perez committed to serving in the United States Air Force and was commissioned in 2003. …
Insurers have new incentives to go green, thanks to a new law signed by California Gov. Arnold Schwarzenegger. AB 1011, authored by Assembly Dave Jones, who is running for Insurance Commissioner, requires the state Department of Insurance to collect data …
Zenith National Insurance Corp. based in Woodland Hills, Calif., announced that Paul Ramont has joined its principal operating subsidiary, Zenith Insurance Co. as executive vice president and chief underwriting officer. Ramont has over 30 years of underwriting experience, including most …
Californians disagree with the idea that communities should levy fees on out-of-town motorists who cause accidents that require city-funded emergency response services, according to poll results recently released by a California insurance organization. In its survey fo 800 respondents, OnlineAutoInsurance.com …
Climate change commentators have often spoken of capital markets as a source of funding, but many hurdles have to be overcome before institutional investors will allocate money to environmental projects in developing countries, according to Standard & Poor’s. There is …
