Washington News

Business Moves

Insight Insurance Consulting Laurie Zangwill-Infantino, former president of the Insurance Skills Center (ISC), has formed a new consulting firm, Insight Insurance Consulting. The company will focus on professional development for agents and brokers, as well as insurance companies, staff and …

Washington Agents Advised to Update Contact Info

Washington agents and brokers are being advised to update their licensing business address with the Office of the Insurance Commissioner. In October, the OIC will launch a new search feature on its Web site to help consumers look for an …

Wash. Court Dumps Notice for Malpractice Lawsuits

The Washington state Supreme Court said it is unconstitutional to require 90 days notice before suing a doctor, marking the second time in less than a year the court has rejected a legislative attempt to reform medical malpractice lawsuits. The …

Canada Trade Minister Urges Action on Big Doha Issues

WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said he would not point fingers …

Minor Earthquake Shakes Up U.S. Capital

Earthquakes are so rare in the Washington area that even a geology student wasn’t quite sure what was going on when a minor one hit early Friday. Was it a truck passing by? A low-flying plane? Gerasimos Michalitsianos, who will …

Washington Commissioner Criticizes Insurers’ Credit Score Use

Washington Insurance Commissioner Mike Kreidler is taking aim at insurers’ use of credit scores, warning consumers that large drops in credit scores could lead them to pay 8 percent to 15 percent more for insurance. Meanwhile, several insurance associations say …

Goldman Sachs Settles with SEC for $550 Million

Goldman Sachs Group Inc. agreed to pay $550 million to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank’s clients and investors. The U.S. Securities and Exchange Commission said …

Insurance Regulator Oxendine Leads in Republican Race for Governor

Georgia Insurance Commissioner John Oxendine is the apparent leader in the race for the Republican nomination for governor in a just-released poll. The latest poll shows Oxendine with 31 percent of the vote to 23 percent for former Secretary of …

Washington Workers’ Comp Initiative Qualifies for Ballot

An initiative to eliminate Washington’s workers’ compensation insurance monopoly and allow private insurers to offer coverage for workplace injuries has qualified for the November ballot. Secretary of State Sam Reed certified Initiative 1082 after workers checked a random sample of …

The Hanover Expands Western Surety Business With ICW Group Agreement

Worcester, Mass.-based The Hanover Insurance Group Inc. has closed on an agreement with ICW Group that is designed to enhance The Hanover’s surety capabilities in the West, including Arizona, California, Colorado, Oregon, Texas and Washington. Through the arrangement, The Hanover …