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 …
Following intense opposition by the insurance industry, the American Insurance Association (AIA) reported that the California Assembly Insurance Committee defeated legislation that would have disclosed insurers’ geographic sales and marketing results to the public. The bill failed passage on a …
Thomas M. Calderon, the chair of the Assembly Committee on Insurance, announced his candidacy for California Insurance Commissioner. Calderon’s press office said he has distinguished himself as a reformer of the worker’s compensation system and as one of the key …
TRADEPAQ Corp., a provider of e-business infrastructure solutions for global trade, announced its partnership with CNA’s marine division, one of the largest providers of marine cargo insurance, that will enable customers to complete trade transactions for ocean shipping faster and …
Insurance Information Technologies, Inc. (INSTEC) and Infinity Web Systems Inc. announced a strategic partnership to address the needs of the insurance carrier marketplace. The joint product offering resulting from this partnership will combine INSTEC’s full policy rating & issuance capabilities …
