Although Oregon is among the states at highest risk for a major earthquake, only about 20 percent of Oregonians have earthquake insurance, according to a Department of Consumer and Business Services (DCBS) survey. “Consumers may want to think about their …
$1.5 Billion Projected budget deficit Colorado lawmakers are grappling with, as they evaluate proposals to slash spending for public education, higher education, Medicaid and other programs. Among the proposals being considered by the Governor is a sale of the state’s …
Damage and loss from yesterday’s magnitude 5.9 earthquake that struck offshore Northern California are expected to be less than $10 million, with insured losses a fraction of that, a risk modeling firm has reported. The moderate quake struck at 12:20 …
Thousand Oaks, Calif.-based Gray-Stone & Co. is offering a new commercial package policy for California. Written on admitted paper, the carrier is rated “A-” XI by A.M. Best. The commercial package policy includes property, business owners policy (BOP) and general …
On a 2-1 vote, the U.S. Chemical Safety Board yesterday recommended that national fuel gas codes be changed to improve safety when gas pipes are being purged of air during maintenance or installation of new piping. The federal recommendations came …
California-based Western Security Surplus Insurance Brokers (WSS) has announced changes in the personnel for the WSS Brokerage Division. In the Pasadena, Calif., office, Philip Tiomico, who has been with WSS since 2008, was promoted to broker. He will be working …
San Diego-based insurance brokerage Barney & Barney LLC announced that Catherine Botello, Marc Pannier and Steve Shea have been made principals of the firm. All three have been key players in the expansion of their respective departments. “In their new …
Atlanta-based specialty insurer American Safety Insurance (ASI) has hired several new underwriters at regional locations throughout the country. In its New Jersey office, Robert Williams joins ASI as a senior excess casualty underwriter. Williams has more than 20 years of …
A magnitude 5.9 earthquake has struck offshore Northern California at 12:20 p.m. PST, about 35 miles from Petolia and 50 miles from Eureka, the U.S. Geological Survey reported. This is the second earthquake in the area in less than a …
Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement calls for New …
