Claims capacity “I don’t see the CEA being a healthy organization without the industry being enthusiastic about wanting to be a part of the CEA and selling the product aggressively. Let me just remind everybody, we’re talking about 25 or …
People Cary Schneider, senior vice president of the Insurance Information Institute, has been elected executive vice president by the organization’s board of directors. Schneider assumes new responsibilities for directing the internal operations of the I.I.I. while continuing to manage the …
$5 million Amount the Oregon Department of Consumer and Business Services is fining nine insurers in the American International Group for numerous violations of Oregon insurance and workers’ compensation laws, some dating back to 1985. AIG companies have already shown …
Truckers, Motor Truck Cargo Nuts & Bolts: Frontline Underwriters Inc., an independently owned and operated wholesale MGA, specializes in the placement of motor truck cargo, and offers physical damage and truckers’ liability. Dollars: $10,000 to $250,000. p:Carrier: Rated “A” by …
Negotiations are continuing in the California insurance industry, as the state’s Earthquake Authority (CEA) continues to seek a way to make up the $2.183 billion first industry assessment layer available to pay claims following a major earthquake. At its recent …
For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated the insurance public policy debate on both the state and federal levels. …
The California Earthquake Authority (CEA) announced successful placement and approval of its reinsurance program for 2008 and submission of an application for a 3.5 percent base program rate increase. At its June Governing Board meeting, the CEA, unanimously approved reinsurance …
For years the insurance industry has fought desperately to reduce or eliminate burdensome governmental regulation, insisting that competitive market forces will adequately regulate the industry. Deregulation has dominated the insurance public policy debate on both the state and federal levels. …
California workers’ compensation insurers will need $180 million annually to pay for workers’ compensation losses induced by earthquakes, according to a recently released study by the Workers’ Compensation Insurance Rating Bureau of California. The report, which was conducted by risk …
Declarations Claims capacity “I don’t see the CEA being a healthy organization without the industry being enthusiastic about wanting to be a part of the CEA and selling the product aggressively. Let me just remind everybody, we’re talking about 25 …
