insurance News

Rural Oregon Area Suspends Fire Service Due to Insurance Lapse

The Lakeside Rural Fire Protection District in Oregon has suspended emergency operations because of a lapse in its insurance policy. Acting fire district chairman Ralph Dotson tells The World newspaper of Coos Bay that the station has been closed and …

Reinsurance Group Head Puts Science in Climate Change Discussion

Asked for his thoughts on climate change, Frank Nutter expeditiously turned to science. His sphere of influence is far-ranging as president of the Reinsurance Association of America, a position he’s held since 1991. Nutter has addressed the topic of climate …

3 Ways a Personal Umbrella Policy Can Make You a Better Agent

This post is part of a series sponsored by PersonalUmbrella.com These need-to-know myth-busters will up your game. All of your insureds need this policy — even if (and especially if) they’re not millionaires. Umbrellas are for everyone. You don’t need …

Helping Independent Agents Compete and Evolve

This post is part of a series sponsored by CoreLogic. Even with advancements in the direct-to-consumer channel, independent agents (IAs) continue to be a dominate distribution channel for property & casualty carriers. Why? Trust. According to Accenture’s 2013 U.S. Personal …

Millennial Confesses: Insurance is Cool

As a millennial, it appears to me that a majority of anyone outside of this particular generational group possesses a sort of mixed-feeling consisting of fear, intrigue, obsession and annoyance when it comes to us. It’s like we’re some sort …

FEMA Urges Californians to Buy Flood Insurance Ahead of El Nin᷈o

Federal emergency officials are urging Californians to buy flood insurance – even those who don’t live near creeks or rivers – as El Nin᷈o conditions get underway in the Pacific Ocean, increasing chances for heavy storms this winter. Roy Wright, …

California Gas and Electric Company Seeks to Split Costs on Uninsured Fire

San Diego Gas and Electric is seeking authority to bill its customers $379 million for legal settlement costs left over from 2007 wildfires that destroyed 1,300 homes and killed two people. In filings with state regulators Friday, SDG&E said customers …

Californians Pushed by Wildfires into High-risk Insurance Market

There are lots of reasons people live in California’s Modjeska Canyon. Nestled against the mountains and abutting the Cleveland National Forest, the area has abundant wildlife and access to nature, yet is just a 20 minute drive from larger Orange …

Former Insurance Agent Arrested in Alleged $21M Movie Investment Scheme

A former insurance agent one of two people who have been charged with operating a Ponzi scheme allegedly bilking investors from Los Angeles and Kern Counties out of $21 million dollars. Michelle Kenen Seward, 42, of Flintridge, surrendered to authorities …

Three Northern California Firms Rebrand to ‘Risico’

Three jointly-owned insurance firms in Northern California are merging into a united corporate identity known as “Risico.” The firms involved are KRM Risk Management Services Inc., American All-Risk Loss Administrators Inc. and Total Managed Care Inc. All three specialize in …