California workers’ compensation claims and disability costs have dropped significantly since the state’s workers’ compensation system was overhauled in 2003 and 2004. Yet “many of the same incentives, institutions and regulatory practices that contributed to the market volatility and insurance …
Toyota Motor Corp. said Monday it had found no evidence to support the driver’s account of a widely publicized “runaway” Prius incident in California that overshadowed the company’s attempts to restart sales after a punishing series of recalls. U.S. safety …
Moody’s Investors Service announced it has affirmed the A3 rating on the California Earthquake Authority’s 6.169 percent fixed rate Series 2006-B revenue bonds (mature July 20, 2016) and changed the rating outlook to negative from stable. In its assessment, the …
San Diego, CA, 03/15/10 – American Claims Management, Inc. (ACM) announced a new business relationship with Starr Indemnity & Liability Company (Starr Indemnity), a wholly owned subsidiary of Starr International Company, Inc. Effective January 1, 2010, ACM began handling claims …
Venbrook Insurance Services in Del Mar, Calif., has hired Michael Thomas to its staff. He was formerly with Willis Insurance Services.
California Insurance Commissioner Steve Poizner announced that in February, the California Low Cost Auto Insurance Program (CLCA) saw the highest number of enrollees in any one month during the past three years. The CLCA program received 788 applications in February …
Injuries in the trucking industry led to more than $480 million in workers’ compensation medical and indemnity payments, according to the California Workers’ Compensation Institute. The group, which released a new “Industry Scorecard” showing detailed data on accident year (AY) …
Online crime complaints increased substantially once again last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to the Internet Crime Complaint Center, a partnership between …
American E&S (AES) Insurance Brokers has designed an exclusive Bank Package Program that will provide bankers’ professional liability, directors and officers, and bond coverage for financial institutions nationwide. AES designed this facility for community banks, but there are no qualification …
The California State Compensation Insurance Fund, reported it ended 2009 with $1.25 billion in net premium earned, and $143 million in net income, compared with $75 million in net income earned in 2008, Doug Stewart, interim president and CEO announced. …
