West News

Broker Compensation Bill Defeated in Calif. Committee

The American Agents Alliance reported that SB 938 (Dunn) was heard and defeated in the Senate Banking, Finance and Insurance Committee yesterday by a 2-5 vote. The bill, which the Alliance and other insurance trade groups adamantly opposed, would have …

New Wholesaler Launched in Southern Calif.

Kari Ogden, Robin Robb and Joe Rowland announced the opening of TB&C Wholesale Brokerage, which will offer excess and surplus line products and services in offices located in Pasadena and Orange County, Calif. Ogden and Robb will head the office …

Safeco Unveils Updated Businessowners Policy

Seattle-based Safeco announced the expansion of one of its commercial products, offering independent insurance distributors the opportunity to write Businessowner Policies (BOPs) for larger customers in more business classes and with broader insurance coverages. The expansion is expected to build …

Credit Scoring, Med-Mal Insurance Dominate Busy Mont. Legislative Session

New Democratic control of the Montana executive and legislative branches proved challenging for insurers who faced uphill lobbying efforts on several fronts in 2005, according to the American Insurance Association (AIA). AIA lobbied to defeat or amend bills to ban …

CAS Talks Mergers and Acquisitions, Finite Insurance at Phoenix Meeting

The actuarial role in mergers and acquisitions and the future of finite insurance will be among the topics featured at the Spring Meeting of the Casualty Actuarial Society (CAS), May 15-18, at The Pointe South Mountain Resort, Phoenix, Ariz . …

Suspects Arrested in Alleged Car Theft Ring in California

Ten Thai nationals were arrested in California for allegedly participating in a car theft ring that caused $10 million (euro7.7 million) in losses to dealerships and insurances, police said. The suspects were arrested for investigation of embezzlement and auto theft, …

PIFC Comments on Calif. Earthquake Authority’s Financial Stability

The following statement was released by Dan Dunmoyer, president of the Personal Insurance Federation of California, in response to comments made by California State Treasurer Phil Angelides at the California Earthquake Authority board meeting. The Personal Insurance Federation of California …

SeaBright Insurance Holdings Pleased with Q1 Numbers

Seattle-based SeaBright Insurance Holdings Inc. announced results for the first quarter ended March 31, 2005. For the first quarter of 2005, net income was $2.7 million or $0.18 per share on a diluted basis. For three months ended March 31, …

Wyoming Legislator: Tort Reform Defeat ‘A Huge Mistake’

Wyoming voters erred when they defeated the proposed constitutional amendment in November to allow the state to cap medical malpractice damage awards, Rep. Barbara Cubin said. “I think that was a huge mistake,” Cubin told about 35 people at a …

California Panel To Consider Anti-Consumer Insurance Bills

The Senate Banking, Finance and Insurance Committee this week will consider three bills that have one thing in common – provisions that ultimately will hurt consumers if enacted, according to Sam Sorich, president of the Association of California Insurance Companies …

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