A Century of Growing and Giving Back
Old age hasn’t set in at Barney & Barney yet and with almost 20 percent growth in each of the last nine years, it doesn’t look like it will take root any time soon. With $32 million in revenues and …
Florida’s Homeowners Choice Has Eye on Merger with 21st Century Holding
Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …
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. Apartments Low Income Subsidized Housing Market Detail: Housing Insurance Services offers programs through two admitted …
Study: Workers’ Compensation Public Options Outperform Private Industry
State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
White Paper Approved at Fall Meeting with Near-Unanimous Vote 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 …
California Still at Earthquake Risk
California is still vulnerable to devastating loss should another earthquake occur like the Loma Prieta earthquake, which occurred 20 years ago, according to ProtectingAmerican.org. “The fact is, that California’s largest cities are economically vulnerable as they were when the Loma …
Calif. Lawmaker Won’t Cede Health Policy Rescissions Fight
A California assemblyman said he’ll try a third time to get strict measures on when health insurance companies can cancel policies approved into law. Gov. Arnold Schwarzenegger vetoed a bill backed by Assemblyman Hector De La Torre. The governor said …
California Collector Waives Insurance on Warhols
A prominent art collector who reported stolen 11 original silk screen paintings by Andy Warhol has waived the insurance policy he owns to protect the art, authorities said. Collector Richard L. Weisman said he couldn’t take the thought of insurance …
It Figures
7 Million Estimated number of Californians who simultaneously stopped, dropped to the ground and covered their heads during a state earthquake drill held on Oct. 15. The event, sponsored by State Farm Insurance, and the Insurance Brokers and Agents of …
California Gives Insurers Green Light for Pay-As-You-Drive Auto Policies
Californians will soon be able to purchase pay-as-you-drive automobile insurance, as the final regulations have been approved. The regulations regarding pay-as-you-drive, which was originally proposed by state Insurance Commissioner Steve Poizner a year ago, were approved by the Office of …
