As the Washington state legislature heads into a third special session to settle transportation issues, insurance industry representatives are applauding a recently enacted transportation budget bill that includes funding for red-light cameras pilot projects. Washington Governor Gary Locke signed three …
Frontier Insurance Group Inc. announced that the OTC Bulletin Board (OTCBB) suspended trading of Frontier’s common stock as of June 27. The suspension follows Frontier’s June 15 Form 8-K filing, which announced Frontier was unable to file its quarterly report …
Brown & Brown Inc. signed a letter of intent with Raleigh, Schwarz & Powell Inc. and Golden State Holdings Inc. to acquire the two related agencies. Located respectively in Tacoma, Wash., and San Rafael, Calif., the firms represent approximately $20 …
On June 27, Amwest Insurance Group Inc. announced the resignations of Jeffrey A. Shonka as president and COO, and Phillip E. Huff as executive vice president and CFO of the company. The Calabasas, Calif.-based insurance holding company also stated it …
The California Assembly Banking and Finance Committee narrowly nixed proposed legislation that would have restricted the ability of businesses to offer expanded financial services to their customers, to the relief of industry groups. SB 773 (Jackie Speier, D-Hillsborough) received five …
There are three kinds of cell phone users: Type 1 is a Non-User—they may have one, but it is rarely turned on, often left at home, mainly existing for emergencies. Type 2 is a Moderate User—they keep it close by …
Insurance companies go through life cycles just like everyone else. Birth, life, and ultimately death by absorption or bankruptcy in order to make way for new and more efficient enterprises—but two failures in one month, three in the last four? …
First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now contemplating their future in the market in the Garden State. …
The U.S. property/casualty industry’s net income after taxes dropped 5.4 percent to $5.6 billion in first-quarter 2001 from $5.9 billion in first-quarter 2000, according to Insurance Services Office Inc. (ISO) and the National Association of Independent Insurers (NAII). ISO and …
Marking the first anniversary of implementation of California’s low-cost auto insurance program, the state’s Department of Insurance (CDI) held informal hearings on why the results of the program have been less than stellar, to say the least. Data reveals that …
