Damage estimates from Sunday’s 7.2 magnitude earthquake in Mexico, just south of California, are not expected to exceed $1 billion, and insured losses should not exceed $300 million, according to risk modeling firm EQECAT. Sunday’s quake struck about 19 miles …
How One Insurance Agency Is Helping Preserve Historic Homes and Businesses While other insurance agents are visiting manufacturing plants, shopping malls and office parks, Brian Phoebus is hanging out in historic homes, renovated museums, art galleries and performing arts theaters. …
The National Association of Insurance Commissioners (NAIC) recently named 18 funded and 10 unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in 2009, while 11 are new to the NAIC program. Established …
Specialization, Claims Management and Understanding the Risk Are Keys to Market Success “Too dangerous.” “They’re scary.” “Those kids try too many tricks.” While many carriers use these descriptors for skateparks, I do not feel the same way. When I think …
A 7.2-magnitude quake struck at 3:40 p.m. on April 4, 2010 about 19 miles southeast of Mexicali, about 16 miles from Baja, Calif., according to the U.S. Geological Survey. The epicenter was located about 75 kilometers south of the Mexico-USA …
Calif. Attorney General Edmund G. Brown Jr. announced that his office has secured back pay for more than 200 workers who were “routinely denied” fair wages and overtime pay by Charles Evleth Construction Inc., a Bakersfield, Calif.-based drywall company. “To …
Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced notice from Demotech, Inc., a rating agency, requiring that FNIC obtain additional …
After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky investments it bought while rescuing insurance giant American International Group Inc. and supporting the sale of failed investment …
The California Court of Appeal has ruled that an insured can recover full defense costs, when an insurer fails to respond with timely defense. According to court documents in Intergulf Development v. Superior Court of San Diego County (Interstate Fire …
Yates & Associates Insurance Services based in Tustin, Calif., is expanding into the Inland Empire region of California by opening an office in San Bernardino County. Brenda Smotherman will be senior commercial lines underwriter at the new Redlands branch. Cynthea …
