Washington News

Washington Wants to Raise Workers’ Comp Rates 12%

Washington’s Department of Labor & Industries (L&I) has announced a 12 percent average increase in workers’ compensation insurance premiums for 2011. Average premiums would go up by 6.5 cents per hour worked. The new rates take effect Jan. 1, 2011, …

Chubb & Son Appeals Washington Enforcement Action

Chubb & Son announced its attorneys have filed an appeal with the Washington Office of the Insurance Commissioner over enforcement action that would have prevented six of its companies from writing new policies for nine months. The appeal resulted in …

Washington Orders 6 Chubb & Son Insurers to Stop Writing Policies

Washington State Insurance Commissioner Mike Kreidler has issued an order to suspend the insurance certificates of six Chubb & Son companies, effective Nov. 18, 2010. The move — which does not affect existing policies or renewals — would bar the …

Western National Insurance Purchases Umialik Insurance

Western National Insurance Group of Edina, Minn., has signed a definitive agreement for the purchase of 100 percent of the stock of Anchorage, Alaska-based Umialik Insurance Co. from UkpeaÄ¡vik Iñupiat Corp. The purchase is subject to the completion of due …

Republicans Gain Control in State Houses

Republicans were not only victorious in the U.S. House but also in state houses across the country. Tuesday night’s GOP power will give the party its largest number of seats in state legislatures since the Great Depression, according to the …

Brown & Brown Announces Asset Acquisition of Rogers & Norman

Brown & Brown Inc. has announced the asset acquisition of Seattle-based Rogers & Norman Inc. Established in 1956, and with annual revenues of approximately $3.2 million, Rogers & Norman offers insurance products and services to businesses and individuals throughout the …

Washington Voters Reject Privatization of Workers’ Compensation System

Voters in the state of Washington have rejected a measure to inject private insurer competition into the state’s workers’ compensation system. The insurance industry hoped to open up the state’s workers’ compensation insurance system to the private market and eliminate …

Berkley: Economic Recovery Depends on Country’s State of Mind

Economic recovery in the United States is now very dependent on the state of mind of the American public and its business leaders, according to William R. Berkley, founder, chairman and CEO of W.R. Berkley Corp. “No one in Washington …

Payback of Indiana Loans for Jobless to Hit Businesses

Indiana will begin paying millions of dollars in penalties and interest to the federal government next year because it has borrowed nearly $2 billion to pay for jobless benefits, an Indiana unemployment official said. Scott Sanders, deputy commissioner of the …

Berkley: Economic Recovery Depends on Country’s State of Mind

Economic recovery in the United States is now very dependent on the state of mind of the American public and its business leaders, according to William R. Berkley, founder, chairman and CEO of W.R. Berkley Corporation. “No one in Washington …