Officials with Lloyd’s of London announced the names of the first-ever independent brokers in the U.S. to be accredited for direct access to the London-based insurance market. The selection of The Hanleigh Group and International Space Brokers comes one month …
Thomas M. Calderon, the chair of the Assembly Committee on Insurance, officially announced his candidacy for California Insurance Commissioner. Calderon’s press office said he has distinguished himself as a reformer of the workers’ compensation system and as one of the …
Following a special waiver by the California State Assembly, a previously defeated financial privacy bill authored by Jackie Speier (D-Hillsborough) was reconsidered and approved by the California Assembly Banking Committee. The bill, SB 773, will create an opt-out system for …
When will the workers’ comp market get a break? Claim costs are climbing. Litigation is lingering. Rates are rising but are still insufficient. Legislation has yet to provide a measure of relief for insurers. And of course, the cooling economy …
This is a tale of two companies. Both made similar products and sold them to other companies. Both did what companies do: they extended credit to their commercial customers for a period of several weeks and, naturally, expected to be …
Regardless of your justification for the purchase and the emotional high in “making one of your biggest sales,” acquiring an agency is similar to buying that house you always wanted, or the car of your dreams. When the “high” is …
Court decisions coupled with new state statutes are holding sellers of alcoholic beverages increasingly responsible for damages under liquor liability laws. Nevertheless, liquor liability insurance continues to be a quiet, if not dwindling, market throughout the U.S. In fact, more …
What did you know, and when did you know it?” Those questions from the Watergate era are increasingly being asked of the U.K.’s Financial Services Authority, which oversees the country’s insurance industry, in the wake of the spectacular meltdown of …
Spending a night at a hotel or motel can seem like a simple thing to do for the tourist or business traveler, but who makes sure that guests will stay in a secure environment? That’s up to the hotel operators, …
In an announcement released July 17, the American Insurance Association (AIA) Board of Directors stated that it has formally endorsed draft legislation that would establish an optional federal chartering structure designed for primary property/casualty insurance companies. Although the draft does …
