Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on taxpayer-funded life support. But in …
California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint’s California affiliate, Anthem Blue Cross, has called on WellPoint executives to postpone the rate increase, allowing the California Department of Insurance proper time for an independent …
Toyota faced its first U.S. class-action lawsuits stemming from complaints of faulty brakes in its top-selling Prius hybrid car and from investors claiming they were misled about problems with unintended acceleration in a wide range of models. Litigation mounted as …
Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a market for difficult to place property risks with competitive pricing and flexibility. They will write: older homes with no age limit, seasonal/ vacation rentals, vacant, woodstoves, wood and flat …
The California Department of Insurance (CDI) announced it has has recovered $112.1 million for consumers through consumer complaint investigations and market conduct examinations of insurance companies. The $112 million is believed to be the most money recovered in California Department …
Maryland, Virginia and Washington D.C. were particularly battered by a weekend snowstorm that caused massive power outages and resulted in moderate structural damage to areas in the region. At least two deaths were reported, and now the insurance industry is …
The Southern California subsidiary of Lockton Companies named Bryan Davis vice president and senior consultant, and Lissa Thomson as senior vice president, chief consultant, in the San Diego office. Davis will serve as a liaison between clients and the benefits …
Hylant Group, W Group Cincinnati-based insurance brokerage, Hylant Group, and the W Group, a privately owned employee benefit services provider, have merged. The combined organizations will form one of the largest employee benefit firms in the Cincinnati area, the companies …
As state legislators enact laws that ban phoning and/or texting while driving, a new study finds no reductions in crashes after hand-held phone bans take effect. Comparing insurance claims for crash damage in four U.S. jurisdictions before and after such …
ProBuilders The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and not renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder …
