West News

New Mexico Passes Regulatory Modernization Bill

The New Mexico legislature has passed a bill that would establish a file and use rate regulatory system for most personal lines of insurance. The Insurance Rate Regulation Law, SB 483, applies to all kinds and lines of direct insurance …

Washington Appoints Advisory Board for Fraud Unit

Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the effectiveness of the agency’s newly launched fraud unit. Earlier this year, the agency’s eight-member Special Investigations Unit began operations following the 2006 Legislature’s establishment of a …

Oregon Adopts and Amends Rule on Producer Licensing

Oregon’s Insurance Division has amended its rules affecting licensing, renewal, prelicensing training and continuing education requirements for insurance producers. According to the OID, the changes in the rulemaking furthers licensing reciprocity for Oregon resident insurance producers and increase consistency between …

Gainsco Offering Auto Insurance in New Mexico

Dallas-based GAINSCO Auto Insurance, which insures drivers across the Southern United States, has expanded its operations into New Mexico and will sell its personal auto policies through a network of independent insurance agents across the state. The company specializes in …

Brown & Brown Picks New Leaders for Denver, Phoenix Profit Centers

Brown & Brown Insurance of Arizona Inc. has named John I. Slater as the new profit center leader for the company’s Phoenix area retail profit center. He will be responsible for the growth and profitability of the profit center, where …

PSIC Reduces Rates in the California Homeowners Market

Property and casualty insurer Pacific Specialty Insurance Co. has rate reductions in its suite of residential property products in California. Rates have been reduced 17 percent on preferred homeowners HO-3, 11 percent on standard homeowners HO-3, 10 percent on renters …

Reed Joins Thoits Insurance as Vice President

Mountain View, Calif.-based Thoits Insurance has named Jim Reed vice president. Reed has 11 years of experience in the high tech industry at the senior management level, including six years with Nokia Corp. Prior to joining Thoits, Jim spent a …

Bay Area Man Sentenced for Selling Fake Policies

A former insurance broker/agent has been sentenced to 10 years in prison for the sale of approximately $6 million worth of fake insurance policies the broker falsely claimed were underwritten by Lloyd’s of London, according to the California Department of …

PPIB Offers MediSpa Program Enhancement

MediSpa Program Enhancement Announced – Mesotherapy Coverage NOW Available Professional Program Insurance Brokerage is offering coverage for MediSpas and individuals performing Mesotherapy injections for fat reduction, cellulite and wrinkles. Coverage is available for generally accepted formulas as determined by societies, …

Alaska Timber Insurance Exchange To Return $1.8 Million

The Board of Governors of the Alaska Timber Insurance Exchange, a policyholder owned workers’ compensation insurance company, announced that a $1.8 million dividend will be paid to its members on March 13, 2007. The dividend represents approximately 31 percent of …

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