California News

Study: Long Haul Truck Collisions Peak in July

A study by San Diego, Calif.-based DriveCam Inc. shows that collisions and near collisions involving long haul trucks peak in July and remain high through the month of November. Using its database of more than 18 million driving events from …

It Figures

$600 Million All 16 private insurance companies that participate in a federal crop insurance program have signed off on the new federal reinsurance agreement that cuts the subsidies they get by $600 million per year for the next 10 years. …

People

Sentry Insurance Co. in Stevens Point, Wis., announced that Peter G. McPartland is joining Sentry as president and chief operating officer. McPartland is a seasoned insurance executive with more than 30 years of experience in the industry, including service with …

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 …

China’s Economy Set to Pass Japan’s as World’s Second Biggest

China is set to overtake Japan as the world’s second-largest economy in a resurgence that is changing everything from the global balance of military and financial power to how cars are designed. By some measures it has already moved to …

Business Moves

Western National, Wisconsin American Western National Insurance Group has finalized its affiliation with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. Wisconsin American will continue to operate as a separate entity, with local management provided by James Herrick. …

The Economy and the Homeowners Market

How the Economy Turned Optional Coverages into Mandatory Enhancements Offering comprehensive homeowners coverage in today’s insurance market is not only good business, but a necessity. Insuring the property for full replacement cost is key. With the current economical impact on …

Mercury General Reports Q2 Net Premiums Written Down 1 percent

Mercury General Corp. reported it spent $12.1 million in the second quarter of 2010 supporting Proposition 17, a California ballot initiative that did not pass. Nevertheless, the Los Angeles-based insurer reported net income in the second quarter 2010 was $17.8 …

Eighty percent of employees who were victims of insults or bullying in the workplace lost valuable work time worrying about the incident. Another Business ‘Golden Rule’ It’s one of the golden rules of customer service: Never be rude to a …

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. Investigators Market Detail: The Mechanic Group Inc. offers errors and omissions, commercial excess, contractors general …