California earthquake insurance policies issued by the California Earthquake Authority will see rate decreases by an average of 22.1 percent. Approximately 85 percent of CEA policyholders will see their rates reduced beginning July 1, 2006, while 15 percent will see …
Congress opened debate on the insurance industry’s exemption from federal antitrust laws, with some larger insurers indicating a willingness to relinquish the exemption in exchange for regulatory reform that would free them from state regulation. Yet the industry’s biggest rating …
The Court of Appeals of Oregon has decided that an insurance company’s indemnity obligation to its policyholders is joint and several, not pro-rata, in environmental liability insurance coverage case. In Cacade Corp. v. American Home Assurance Co., the Appeals Court …
The artisan market is filled with small trade contractors with a couple hundred thousand dollars in receipts and relatively small premiums. Yet that has not stopped NationsBuilders Insurance Services from wanting to service the segment. Peter H. Foley, president and …
Former shareholders of Tyco International Ltd., whose former chief executive and chief financial officer were convicted of fraud, have been certified as a class to sue the company and its accounting firm, Pricewaterhouse Coopers. Judge Paul Barbadoro made the ruling …
GAO: The USDA should do more to control fraud in the nation’s crop insurance program Although the U.S. Department of Agriculture’s Risk Management Agency has taken steps to improve its procedures and processes to address fraud, waste and abuse in …
Despite knowing that driving and talking on a cell phone at the same time is dangerous and that it is safer to use a hands-free device to hold a cell phone, a large majority of drivers with cell phones still …
California is considering legislation that would require insurers to report California community-related investments to the insurance commissioner every two years. AB 925, authored by Assemblyman Mark Ridley-Thomas, D, and sponsored by California Insurance Commissioner John Garamendi, recently passed in the …
Trindl Reeves joined Barney & Barney, San Diego, as a principal, responsible for the ongoing growth of Barney & Barney in San Diego and Orange County.She will be based in San Diego. Reeves, formerly managing director of the Marsh San …
California workers may soon be able to file for workers’ compensation if they become injured due to high heat. The California Occupational Safety and Health Standards Board has adopted a permanent heat stress regulation, which protects all California employees working …
