California News

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple years as the economy has forced the closure of many …

Distressed and Vacant Properties Fill a Void for Insurers

The vacant and distressed property segment, which was barely thought of two years ago, has been a beacon of light for insurers. This class has boomed in the past couple of years as the economy has forced the closure of …

Calif. Workers’ Comp Insurance Rating Bureau Wants 30% Rate Increase

As expected, the Workers’ Compensation Insurance Rating Bureau of California has submitted a pure premium rate filing to the California Insurance Commissioner recommending a 29.6 percent increase in pure premium rates or “claims cost benchmark” effective Jan. 1, 2011. Pure …

People

The California State Compensation Insurance Fund named Tom Rowe president, CEO and member of the Executive Committee. He will report directly to the board of directors and is responsible for the day-to-day operations of State Fund. Former president/CEO Janet Frank …

Business Moves

Raintree Insurance, PacWest Alliance PacWest Alliance Insurance Services Inc. welcomed its newest member: Raintree Insurance Agency Inc. Raintree Insurance Agency is an independent insurance agency with offices in San Bernardino and Moreno Valley, Calif. PacWest is a California-based insurance cluster …

California Appeals Court Upholds Guzman Workers’ Comp Decision

California’s Sixth District Court of Appeal has affirmed the Workers’ Compensation Appeals Board decision in Milpitas Unified School District v. WCAB and Joyce Guzman, allowing physicians to apply any part of the American Medical Association’s Guides to the Evaluation of …

A Wealth of Risks

Serving High Income Clientele For insurance agents, there is a lesson to be learned from Hulk Hogan – particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler turned reality TV star is suing his insurance …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Contractors Preferred Program Market Detail: Tangram Consulting and Underwriting Services Contractors Preferred Program is a …

Lawson-Hawks Names Corcoran Director of Marketing

Mountain View, Calif.-based Lawson-Hawks Insurance Associates announced it has established a centralized commercial lines marketing division headed up by Senior Vice President Jenesse Corcoran. Corcoran has more than 30 years of experience in underwriting, servicing and placing commercial lines risks. …

InVEST Names Three New Board Members

InVEST, an insurance industry classroom to career education program founded by the Independent Insurance Agents & Brokers of America (the Big “I”), named three new members to its national board: Joey O’Connor, vice president of Insurance Underwriters Ltd.; Richard E. …