California News

It Figures

20% Percentage of Oregonians who have earthquake insurance, according to a state Department of Consumer and Business Services survey. Jan. 26 marks the 310th anniversary of the last, great Cascadia Subduction Zone earthquake. This magnitude 9.0 earthquake was centered about …

Economic Downturn Puts Pressure on Return-to-Work Programs

The recent recession and record unemployment rates have increased pressure on the workers’ compensation insurance system to help return injured employees back to work while effectively managing costs. That was one of the messages shared by presenters at the Workers …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Home Builders & Artisans Contractor’s GL Market Detail: Northern Star Management offers access to a …

Insurance Journal Founder, Publisher Enter Insurance Hall of Fame

The Insurance Media Association named Insurance Journal‘s Founder Mark Wells Sr., and Publisher Mark Wells Jr. as the 2009 inductees into the Insurance Media Hall-Of-Fame. Insurance Journal, considered the most-read national property/casualty publication for independent insurance agents and brokers, kicked …

How Small Group Partnerships Help Agencies to Grow Employee Benefits Revenue

Gibson Insurance Group, Bolton & Co. Tell Their Tales of Growth In today’s challenging economic environment, property/casualty brokers are struggling to thrive. Toss in management of increasingly complex employee benefits, and many agents now work harder and earn less. With …

Worldwide Facilities Adds Assistant VP, Broker

Worldwide Facilities Inc. has added John Matthews as assistant vice president and Debra Kaser as broker in its Irvine, Calif., office. Mathews spent 17 years with International E&S. Prior to International, he was a retail agent having spent five years …

California Still On Alert for Flooding, Potential Mudslides

Parts of California continue to face flood watch and flood warnings, after a fifth day of storms, according to the National Weather Service. In Southern Califiornia, more than 1,000 homes were already under evacuation orders on Thursday, as residents braved …

Pacific Wholesale Insurance Brokers Names Janes VP

Pacific Wholesale Insurance Brokers LLC, an ISG Co., announced that Brian Janes has joined as vice president/property broker in the Burbank, Calif., office. His responsibilities include developing his book of property business and spearheading the growth of ISG’s Property Group. …

Ratings Recap: Assurant, PacWest, New Mexico Casualty, Campmed

Standard & Poor’s Ratings Services announced that its ratings on “U.S.-based Assurant Inc. (BBB/Negative/A-2) and related entities are not affected by the settlement of an SEC investigation regarding certain loss-mitigation insurance products. The reinsurance contract under examination had $2.6 million …

Social Media Creates New Insurable Risks, Opportunities

When it comes to social media, the insurance industry needs to change how it evaluates risk. That’s the opinion of George Redenbaugh, assistant treasurer and senior director of risk management for eBay, where he is responsible for enterprise risk management, …