West News

IMCO’s McFadden Passes Away

James “Jim” Caldwell McFadden, an insurance industry veteran, died Tuesday, Aug. 26 in his sleep. Survivors include his son, James C. McFadden Jr., and daughter Nicole McFadden of Half Moon Bay, Calif. His loyal companion Buddy, a Boston terrier, also …

Nev. Dental Liability Insurance Rates to Increase

Nevada Insurance Commissioner Alice A. Molasky-Arman has approved revised rates for the National Dental Program insured by Continental Casualty Company. The National Dental Program policies may include professional liability, general liability and property coverages. The company received approval to increase …

Colo. Workers’ Comp Loss Costs May Decrease

Workers’ compensation costs for some Colorado employers may decrease later this year. Colorado Insurance Commissioner Doug Dean announced that the National Council on Compensation Insurance (NCCI) has filed an average decrease of 6.1 percent in workers’ compensation insurance loss costs …

PAULA Financial Reports Net Income for 2ndQ 2003

Pasadena, Calif.-based PAULA Financial announced net income for the second quarter of 2003 of $0.02 per share compared to $0.01 per shares for the 2002 period. Total revenue for the second quarter of 2003 was $4.3 million compared to $2.9 …

Trade Associations Prevail in Lawsuit Challenging Calif. Homeowners Emergency Regs

Three insurance trade associations announced that a Sacramento Superior Court sustained their challenge to the legality of a homeowners insurance Emergency Regulation issued by the California Department of Insurance (CDI) to all residential property insurers in the state. The three …

The Mattei Companies ‘Go Live’ With Sirius

Insurance technology vendor, Sirius Financial Systems, Inc., announced that the latest U.S. MGA to commit to Sirius for MGA’s, The Mattei Companies, have now completed the implementation of the system at their Washington offices and ‘gone live’. Located in Denver, …

Alliance Reacts to Calif. Privacy ‘Truce’

A truce seems to have been reached in the long-running battle over privacy legislation in California, according to the Alliance of American Insurers. “There is good news and bad news from Sacramento,” said Rey Becker, vice president of property/casualty for …

Simon Departs Calif. Gubernatorial Recall Race

Californians going to the polls on Oct. 7 will have one less Republican choice in the race to recall Gov. Gray Davis and elect a never governor. On Saturday morning, Republican candidate Bill Simon departed the race, reportedly getting pressure …

Oregon Drivers Spend Less than Average for Insurance

Oregonians spend less than the national average for personal automobile insurance, according to a recent report comparing premiums nationwide. The estimated average expenditure for personal auto insurance in Oregon was $642.52 in 2001, compared with the national average of $717.70. …

Calif. Commissioner Announces New Emergency Regs for Homeowners

Watch Video Length: 10 min 36 sec Lo | Hi California Insurance Commissioner John Garamendi reiterated that homeowners are in crisis during a press conference in San Diego Aug. 21, announcing new additions to his “Homeowners Bill of Rights.” Garamendi …

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