The virtual, global economy challenges, humbles insurance leaders Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are …
California earthquake insurance rates decreasing California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, …
8 Federal insurance antitrust exemption: friend or foe? 9 California’s mandatory investment reporting unnecessary 10 Three insurers sue to recover claims paid in 2002 wildfire 10 Washington’s Ethel Adams legislation takes effect 10 Appeals Court rejects market-value loss claim 14 …
Insurance agents and executives have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of unfamiliar risks ahead and given …
California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, while 15 percent will see …
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and has assigned an issuer credit rating (ICR) of “a-” to New Zealand’s Farmers’ Mutual Insurance Association (FMIA) and its core subsidiary, Farmers’ Mutual Insurance Limited (FMIL). …
The director of the Arkansas Department of Emergency management has resigned, leaving his post less than a week after a newspaper reported that the agency gave itself failing grades for its preparedness for a large-scale disaster. Gov. Mike Huckabee named …
Florida’s Insurance Commissioner Kevin McCarty has testified to a congressional committee in Washington, D.C. on the need for a national plan to respond to catastrophic events, and posed the question: “Is America’s Housing Market Prepared for the Next Natural Disaster?” …
The National Association of Mutual Insurance Companies (NAMIC) has adopted a statement on natural disasters that asserts a flexible regulatory environment in which insurers are free to price coverage based on risk will create incentives for property owners in high-risk …
Colemont Insurance Brokers, Woodland Hill, Calif., is proud to announce the recent addition of Whit Brown to its team of property brokers as assistant vice president. Brown has more than 19 years of experience in the insurance industry. He has …
