The things businesses do not know about their potential liability for what employees do in cyberspace have the potential to become a serious problem. Recent surveys indicate that many businesses do not realize that simply connecting to the World Wide …
Industry analysts and experts alike all use similar words to describe the state of the California workers’ compensation market—beleaguered, anemic, frenzied, troubled. So when did this market take such a turn for the worse? Better yet: is the California workers’ …
Insurance policies to cover the multi-year, multi-million dollar salaries of professional baseball players may soon be as hard to locate as a split-fingered fastball from a southpaw relief pitcher. The hardening insurance market coupled with skyrocketing salaries of premier players …
Insurance Brokers & Agents of Burbank, Glendale, Pasadena, and the San Fernando Valley and IIABA of Los Angeles will be hosting their annual “I” Day 2002 on April 2, at the Sheraton Universal Hotel in Universal City. This year, principles …
PAULA Financial announced that its underwriting subsidiary, PAULA Insurance Company, will voluntarily cease underwriting workers’ compensation business effective immediately. The decision comes as a result of claims reserve development primarily from claims relating to accident years 1997-1999 on California workers’ …
Even though Jeffrey Isaacs, the assistant U.S. Attorney in the Los Angeles office, has been urging that the French Bank Credit Lyonnais (CL) be indicted for several allegedly illegal acts involving its takeover of Executive Life (See IJ Feb. 25, …
Berkshire Hathaway’s boss Warren Buffett didn’t become America’s most successful investor, and one of its richest men, by making mistakes, so when General Re suffered a $2.4 billion hit from the WTC attacks, everyone waited to see what the impact …
Citing that the drafters of Prop. 103 clearly intended that persistency could not be used as a SOLE determinant, but could be used in combination with other rating factors, the Alliance of American Insurers has come out against proposals by …
The California Department of Insurance (CDI) and the Santa Cruz County District Attorney’s Office have concluded a two-year joint investigation into alleged fraudulent activities conducted by Action Wellness Center in Santa Cruz County resulting in guilty pleas and fines paid …
Calling it a step forward in making American highways safer, the Alliance of American Insurers (AAI) praised the U.S. Department of Transportation’s newly established safety requirements for Mexican trucks and buses. The regulations were issued in preparation for the opening …
