BAKERSFIELD TO HOST ‘I’ DAY
IBA of Bakersfield is revving up for “I” Day on Nov. 15-16 at the Doubletree Inn in Bakersfield, Calif.
AIG IN THE DRIVER’S SEAT
American International Group Inc. announced that its member companies have entered into a number of strategic alliances to provide insurance products and services to users of leading automotive-related sites including Kelley Blue Book, CarReview.com and ExpressAutoParts.com via aigdirect.com, AIG’s consumer …
RELIANCE UPS RESERVES
Reliance Group Holdings subsidiary Reliance Insurance will increase its loss reserves by $332 million in the third quarter as a result of an actuarial review. The increase will bring the company’s total reserves to roughly $3.5 billion, which is covered …
SAFECO BOOSTS PREMIUMS
Struggling insurer Safeco will raise premiums in an effort to right itself and its balance sheet after another quarter of disappointing earnings. Safeco reported a profit of $12.2 million or 10 cents a share from its insurance operations for the …
SORRY, CHARLIE
California Insurance Commissioner Harry Low released a statement on Oct. 19 that the California Department of Insurance (CDI) will not pay legal fees for former Commissioner Quackenbush, William Palmer, George Grays or Michael Kelley in connection with criminal investigations. “I …
European Online Brokers InsuranceCity, InsuranceWide Show the Way
“Right now we think we’re ahead of the States in [online] personal lines,” said James Harrison, Chief Operating Officer of the U.K.’s InsuranceWide (IW) www.insurancewide.com. He might be right. Even with insurance websites becoming almost as ubiquitous as McDonald’s, and …
PLUS Continues Focus on Education as International Conference Approaches
The Professional Liability Underwriting Society (PLUS) will hold its 13th Annual International Conference in San Antonio this year, with a renewed commitment to education, according to PLUS President Stephen Gerstman. As always, the association will offer a wide-ranging schedule of …
A Change of Attitude at the CDI: New Commissioner Asserts Calming Influence
It’s a sunny fall day in Sacramento and at 300 Capitol Mall, all is peaceful. Up on the 17th floor at the California Department of Insurance (CDI), the quiet murmur of voices, purring fax machines and chatter from the cubicles …
Independent currents:Scary E&O Stories (Just in Time for Halloween!)
I’ve sat in classes taught by Jim Harrison (insert two dozen professional designations here), one of the best insurance educators in the country. He has this little shtick that wakes up the class. He tells an ugly commercial liability claim …
Today’s AGING Workforce is Ripe with Potential for Age Discrimination Claims
The 1990s were a time of turbulence for businesses as employers faced corporate restructuring, seasonal layoffs and reductions in force (RIF). The changing workplace relationships brought about both an increase in age discrimination cases and an increase in the need …