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 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 …
The Juvenile Diabetes Research Foundation (JDRF) has elected Mike LaRocco, president and CEO of Novato, Calif.-based Fireman’s Fund, to the Greater Bay Area Chapter’s Executive Board. LaRocco will co-chair the Corporate Development Committee and as an officer of the chapter …
SeaBright Holdings Inc. reported a second quarter net loss of $15.5 million or $0.74 per basic and diluted share, primarily due to the recognition of adverse development of prior years’ loss reserves. This compares to net income of $4.3 million …
Tustin, Calif.-based Yates & Associates announced that Pat Piccinonno has joined the firm as property/casualty underwriter. He will be responsible for new business production. Piccinonno began his insurance career in 1973 in New York and continued in the industry with …
The Oakland City Council has given final approval to a plan that makes Oakland the first city in the country to authorize large-scale industrial pot cultivation. The city intends to license four production plants where marijuana would be grown, packaged …
SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company plans to apply the increase to California exposures on all SeaBright insurance policies with inception …
Pam Kehaly has been appointed president and general manager of Anthem Blue Cross of California, headquartered in Woodland Hills, Calif. In this position, Kehaly will be responsible for the management of all local group health insurance business in California including …
California Insurance Commissioner Poizner announced that Farmers Insurance customers are eligible to receive an average rate reduction of 14.5 percent and a one time 10 percent insurance premium rebate, worth a combined total of up to $100 million. The rate …
The U.S. Justice Department Tuesday indicted three former financial services executives as part of a wide-ranging probe into fraud and manipulation of prices for municipal bond derivatives. The 12-count indictment, filed in U.S. District Court for the Southern District of …
