Washington State Insurance Commissioner Mike Kreidler has ordered six subsidiaries of Chubb & Son to pay a $534,000 fine for violating state insurance laws. Federal Insurance Co., Pacific Indemnity Co., Great Northern Insurance Co., Executive Risk Indemnity Inc.; Vigilant Insurance …
The Republican takeover of the House of Representatives bodes well for the insurance industry, according to one leading Washington insurance lobbyist. “I think it will be an environment that will be a little more balanced for the pro business viewpoint. …
Washington’s Department of Labor & Industries’ Fraud Prevention and Compliance Program brought in $137.4 million in 2010 for its fraud fighting efforts. The total, detailed in L&I’s annual report to the legislature, “Targeting Fraud and Abuse,” includes payments from employers …
Congress should refuse to fund a study of insurance regulation that the new Federal Insurance Office is supposed to conduct, an insurance agents’ trade group said. The National Association of Professional Insurance Agents (PIA) also wants Congress to repeal the …
Washington Insurance Commissioner Mike Kreidler fined insurers more than $580,000 in 2010 for violations including illegal telephone solicitation and overcharging customers. Kreidler also revoked the licenses of more than a dozen insurance agents last year. The Office of the Insurance …
The U.S. House of Representatives will resume action next week on repealing President Barack Obama’s landmark healthcare overhaul, a House Republican spokesman said Thursday. The House had been expected to act this week on the repeal bill, but the vote …
The American Insurance Association (AIA) has announced that Marjorie Berte has joined the association as its new vice president for the Western Region. Berte’s career includes experience in both the public and private sectors, most recently with the state of …
J. Scott Penny, regional president of Brown & Brown Inc.; Mark S. Balcos and Scott N. Balcos, principals of Balcos Insurance, Inc.; and Michael P. Howard, principal of M C H, Inc. of Seattle, d/b/a Mike Howard Insurance, today announced …
Soft market conditions with unabated price competition and a slow economy with reduced payrolls continued to affect commercial liens including the the workers’ compensation industry in 2010, as they did in 2009. Robert Hartwig, president of the Insurance Information Institute, …
Gov. Mike Beebe has declared two Arkansas counties affected by a tornado and severe storms as state disaster areas. Severe weather on Dec. 31 caused three deaths and eight injuries, along with damage to more than 30 homes and businesses …
