The California Workers’ Compensation Insurance Rating Bureau’s Governing Committee has approved the recommendation to allow the pure premium rate in the state to rise by 29.6 perent, as was expected and widely reported. The Committee’s recommendation now goes to state …
Los Angeles Farmers Insurance, which has called Southern California home since its founding in 1928, has announced it will move employees from its Simi Valley office to a more modern facility in nearby Woodland Hills in California’s San Fernando Valley. …
The Illinois Department of Insurance has revoked the license of an Illinois insurance agent for allegedly luring Illinois and California retirees into a pyramid scheme in which the agent misrepresented that the funds would be used for the purchase of …
Former Independent Agents & Brokers of the South Bay President Wayne Hall has died. Hall owned his own agency, Scorpius Risk Management, located in Palos Verdes, Calif. He was actively involved as a member of the IIABSB during the 1980s …
A key element of the U.S. government’s investigation of Toyota Motor Corp electronic throttles and other systems found no defects beyond what is known to explain crashes blamed on unintended acceleration, the Transportation Department said Tuesday. Findings presented to Congress …
Newark, Calif.-based Risk Management Solutions has enhanced its terrorism risk model, adding in more details for international cities and higher resolution hazard information and refinements to human exposure and building vulnerability based on data from recent attacks. The International Probabilistic …
The California Supreme Court has ruled that plaintiffs may not seek treble damages under the state’s Unfair Competition Law, and instead can only seek remedies to injunction and restitution. According to court documents in Clark v. Superior Court (National Western …
Crime on cruise ships is rare, considering 10 million North Americans sailed last year. But some crime victims believe that justice also is rare — due to overlapping investigative powers, difficulty obtaining evidence and witnesses, and a lack of sworn …
Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the February takeover of railroad operator Burlington Northern Santa …
The board of governors of the Insurance Industry Charitable Foundation (IICF) based in Walnut Creek, Calif., has appointed Walter A. Bell, chairman of Swiss Re American Holding Corp., to its national board of governors. Bell has a long and distinguished …
