Workers’ compensation premiums would increase an average of only 3.7 percent next year under a proposal issued by the Washington Department of Labor and Industries (L&I). The increase is the lowest in three years because of higher investment earnings and …
The Association of California Insurance Companies (ACIC) commended the Legislature and governor for taking positive, responsible steps this year on major insurance-related bills. “During the recently concluded legislative session, our state leaders stepped forward and tackled the tough issues: overhauling …
Governor Arnold Schwarzenegger recently signed into law AB 2866, legislation that requires individuals and companies convicted of workers’ compensation insurance fraud to be posted on the Web, according to the Gilroy Dispatch. The California Department of Insurance is required to …
State Farm will lower auto rates for its California auto insurance customers an average of 7.6 percent effective October 1. The California Department of Insurance-approved rate reduction will save the company’s 3 million policyholders more than $215 million in auto …
The Nevada Supreme Court ruled on Aug. 24 that a medical malpractice insurance initiative will remain on this November’s ballot despite efforts by attorneys representing malpractice victims to block it, according to the Associated Press. Nevada doctors, who pushed for …
Governor Arnold Schwarz-enegger signed three homeowners bills into law that responded to problems arising out of last year’s Southern California wildfires. Two of the bills, AB 2199 and SB 64, were considered part of Insurance Commissioner John Garamendi’s “Homeowners Bill …
I had an interesting conversation this past weekend with an agent I met at the American Agents Alliance conference in Indian Wells, California. The agent asked me, “Why don’t you write about Armenian agents?” It took me a moment to …
Ask adults what they like most about McDonald’s fast food restaurants, and it probably won’t be the food, especially in our increasingly health-conscious society. It’s the fact that wherever we are—whether heading home after a kid’s soccer game or 2,000 …
Giving lip service to the benefits of cross-selling is easy. Executing the strategy is quite a bit harder. What are key ingredients in successfully cross-selling property/casualty and employee benefits? At RiskProNet International Inc., a network of 29 leading independent insurance …
Increased customer satisfaction, reduced overhead. When an operational limit is hit, insurance agents and brokers often turn to outsourcers. They may need to increase their physical capacity to handle new customer relationships but are reluctant to spend millions of dollars …
