West News

Ariz. Gov. Napolitano Signs Pro-Business Legislation

The Property Casualty Insurers Association of American (PCI) on Tuesday commended Arizona Gov. Janet Napolitano for signing into law legislation that will allow business owners an opportunity to lower their insurance costs. “This bill, HB 2192, will give businesses a …

Farmers Announces Another California Workers’ Comp Rate Reduction

The Farmers Insurance Group of Companies announced a 10 percent rate reduction in workers’ compensation rates for its California business customers. Since 2004, Farmers has slashed its workers’ compensation rates four times by a total of 24 percent due to …

California’s WCIRB Report on Dec. 31, 2004 Insurer Experience Released

California’s WCIRB has completed its quarterly report summarizing the most current insurer loss and premium experience as of Dec. 31, 2004. Among the highlights of the report are the following: The average statewide insurer rate per $100 of payroll for …

Fired Exec Resigns from Hawaii’s State Commission

A Bank of Hawaii insurance executive who was fired for cheating has resigned from the state Judicial Selection Commission. Wes Imamura has notified Senate President Robert Bunda of his decision to step down. He was appointed to the commission by …

Allstate Sues Defunct California Auto Repair Co.

Insurance giant Allstate Corp. on April 22 sued the liquidator of an out-of-business automotive repair company that has held about 1,000 cars awaiting collision repairs until its assets are sold. Allstate filed a Superior Court suit against Credit Managers Association …

NAMIC Urges Anti-tort Reform, Comp Vetoes in Colorado

The National Association of Mutual Insurance Companies (NAMIC) has asked Colorado’s governor to veto two bills that would erode ongoing tort reform and undermine the state’s worker’s compensation procedures. HB 1121 would allow substitute service of process upon the secretary …

Calif. Commissioner Comments on Workers’ Comp Pure Premium Rate Hearing

The following statement is from California Insurance Commissioner John Garamendi in regards to today’s workers’ compensation pure premium rate hearing: “The information I received today is very disturbing. Statements from insurance industry representatives, injured workers, and the Workers’ Compensation Insurance …

Sierra Notes Continued Growth in Nev. Market

Sierra Health Services Inc. reported that income from continuing operations for the quarter ended March 31, 2005, was $28.6 million or $0.85 per diluted share, compared to $26.3 million or $0.75 per diluted share for the same period in 2004, …

Lawson-Hawks Adds Dillenback & LoManto Insurance Agency, Opens New Calif. Office

John Miller, CEO of California-based Lawson-Hawks Insurance Associates, announced a pair of events in the history of the 68-year-old insurance brokerage intermediary. During the week of April 1, Lawson-Hawks both closed on its acquisition of the assets of Dillenback & …

Calif. Sen Feinstein Reacts to Asbestos Compensation

U.S. Senator Dianne Feinstein (D-Calif.) joined Senators Arlen Specter (R-Pa.), Patrick Leahy (D-Vt.), Orrin Hatch (R-Utah), at a news conference recently to discuss bipartisan legislation creating a national trust fund to compensate victims for asbestos disease. Under this legislation, the …

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