Less than a week before they were scheduled to be in court for the beginning of what could have been a long and bitter legal fight, the Washington State Office of the Insurance Commissioner (OIC) and Woodland Hills, Calif.-based Crusader …
In at least one way, there is a strong parallel between learning to ride a motorcycle and insuring motorcycle operators. For the novice rider, the first 90 days of vehicle ownership is an especially risky period for crashes. Similarly, newcomers …
It’s getting to be that time of year again. March Madness? Maybe. Tax time? Too early. No, for me it’s my yearly auto insurance renewal for my two cars: the Sienna minivan and the crusty Tercel. Each year, I make …
The NONSTANDARD AUTO MARKET gets ready for action that will include increased RATES, risking LOSSES and overall market VOLATILITY. The nonstandard auto market enjoyed above-average growth and profitability across the country through much of the 1990s. In fact, by the …
A new round of controversy over actions taken by former California Insurance Commissioner Chuck Quackenbush has been triggered by articles recently published in the Los Angeles Times. The strongest of the allegations charges the California Department of Insurance (CDI) with …
The most telling number about the earthquake that hit Western Washington on Feb. 28 was neither its 6.8 magnitude nor the fact that it was the largest temblor in the state in more than half a century; it was its …
On the same day that a 6.8-magnitude earthquake shook up Seattle, the California Department of Insurance announced the implementation of Phase 6 of its Earthquake Retrofit Grants Program in two new counties, Monterey and San Benito. The CDI will also …
On March 8, Allstate Corp., the second-largest auto insurer, was awarded $8.2 million in a landmark fraud case involving nine medical clinics accused of billing for treatments that were never rendered, according to an article in the Los Angeles Times. …
Citing firming prices for insurance, the global institutional investment bank Lehman Brothers has started ACE Ltd. with a buy rating and HCC Insurance Holdings Inc. with a strong buy rating. According to Reuter’s Securities, a $45 price target on ACE …
W.F. Clayton & Assoc., underwriting on behalf of TIG, has been selected as Dallas-based MarketScout’s insurer for public auto. W.F. Clayton & Assoc., a member of Post Financial Services Group, is program manager and facilitator managing a premier public auto …
