California News

California Commissioner Touts Wildfire Payment Recoveries

On the eve of the one-year anniversary of the Sayre, Tea and Freeway Fires in Southern California, Insurance Commissioner Steve Poizner announced in a press statement Friday that the California Department of Insurance (CDI) has recovered $16.9 million from insurance …

AAU Offers Retail Furniture Store Insurance Program

Allied American Underwriters (AAU Comp) of El Segundo, Calif., has a new furniture store program for franchised and non-franchised retail furniture stores. The coverage can include property, general liability, umbrella, workers’ compensation, employee benefits liability, stop gap liability, hired and …

Agencies Outsourcing to China to Reduce Backlogs, Free Up Resources

ReSource Pro Gains by Offering Half-Price, Off-Hours, Highly-Efficient Back Office As more insurance agencies look for new ways to improve productivity and lower expenses, more owners and managers are investigating the potential of outsourcing operations. The trend has helped power …

Business Moves

BB&T, Oswald Trippe Raleigh, North Carolina-based BB&T Insurance Services, the nation’s seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co. Inc. of Fort Myers. Terms were not disclosed. In …

Big Leaders

As forecast, the nation’s unemployment rate went over 10 percent last month. Even though it was expected, it wasn’t easy to accept. Leave it to small business owners to put that development and the whole downturn into perspective and give …

People

Alan Ring has joined National Contractors Insurance Co., Inc. (NCIC), a risk retention group, headquartered in Big Fork, Montana, as director of sales and marketing. Ring will be based in NCIC’s Anaheim Hills, California, office. Prior to joining NCIC, Ring …

States Back Federal Role in Insuring Natural Catastrophes

After Decades of Discussion, States Adopt 3-Tired Plan Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the issue …

Agencies Outsourcing to China to Reduce Backlogs, Free Up Resources

ReSource Pro Gains By Offering Half-Price, Off-Hours, Highly-Efficient Back Office As more insurance agencies look for new ways to improve productivity and lower expenses, more owners and managers are investigating the potential of outsourcing operations. The trend has helped power …

People

Alan Ring joined National Contractors Insurance Co. Inc. (NCIC), a risk retention group, headquartered in Big Fork, Mont., as director of sales and marketing. Prior to joining NCIC, Ring was a regional manager for construction-related publications and affiliated online properties, …

California Agents Win Case Against State Farm

State Farm Fire and Casualty Co. is going to have to pay the defense costs of two former agents it fired, and then sued, according to a court decision handed down recently. The well-known dispute between the two agents against …