West News

Western Security Offers Market, 17.5 Percent Commission

Pasadena, Calif.-based Western Security Surplus Insurance Brokers Inc. has added a new admitted market for California agents and brokers, and has raised its commission 17.5 percent on all accounts bound with Great Divide between now and Dec. 31, 2006. Any …

Safeco to Lay Off, Reassign 240 Workers

Safeco Corp. has announced plans to lay off or reassign 240 employees as part of a restructuring aimed at cutting $75 million from the insurance company’s annual expenses by the end of the year. Most of the employees affected will …

RMS Forecast Factors in El Nino Cycle

Newark, Calif.-based Risk Management Solutions has released its perspective in anticipation of a possible El Niño cycle between 2006 and 2011, and hurricane activity. On Wednesday, September 13, the National Oceanic and Atmosphere Administration (NOAA) declared that El Niño conditions …

Safeco to Host Webcast to Discuss Q3 Results

Seattle-based Safeco will be broadcasting its regularly scheduled conference call over the Internet to discuss third-quarter financial results. The broadcast will be held on Tuesday, Oct. 31 at 11a.m. EST. A live Webcast of the presentation will be available on …

Pinnacol Assurance Honored as “Top Company”

Pinnacol Assurance, Colorado’s oldest and largest workers’ compensation insurer, has been named the state’s “Top Company” in Financial Services by ColoradoBiz Magazine. Pinnacol was selected as winner of the Top Company distinction from a pool of three finalists in the …

Alameda County Suspects Arrested for Fraud, Conspiracy, Grand Theft

Four suspects in Alameda County, Calif., have been arrested in a staged auto collision ring that allegedly caused more than 100 collisions in the Bay Area resulting in more than $2 million in losses to insurers, according to the California …

Web site Helps Arizona Consumers Get Smart about Insurance

The Arizona Department of Insurance has introduced an online “university,” called Insure U, desiged for insurance consumers who want to learn more about insurance issues. Organized by life stages, the site offers basic information on four major insurance types: auto, …

Alaska Workers’ Comp Reforms Lower Rates

Alaska Governor Frank H. Murkowski has announced hs is very pleased that workers’ compensation system reforms proposed by the administration and enacted last year by the Legislature have led to a proposed 10.5 percent reduction in workers’ compensation insurance rates …

Court Approves Transfer of Hawaiian Insurance & Guaranty

The First Circuit Court of Hawaii has granted a motion approving the transfer of assets and policy obligations from Hawaii Insurance Commissioner J.P. Schmidt, as liquidator of The Hawaiian Insurance Guaranty Co., to qualified buyer GNW (Great Northwest Insurance) Hawaii …

Clayton to Head West Coast Operations from Los Angeles

Ted Clayton has been promoted to senior vice president and regional director for Westrope’s West Coast operation based in the Los Angeles area. Along with his new leadership responsibilities, Clayton will continue to produce and broker commercial property business. Westrope …

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