Safeco adds online distribution strategy to sell direct to consumers Seattle-based Safeco Insurance Companies has decided sell products via the Internet to supplement its existing and preferred sale channel of independent agents, the company reported. The company began exploring this …
News Currents The Hartford Financial Services Group, Inc. has settled with both the Connecticut and New York attorneys general regarding The Hartford’s use of expense reimbursement agreements in its terminal/maturity funding group annuity line of business. Under the terms of …
Printers’ Errors & Omissions Nuts & Bolts: The Hartford’s new printers’ errors and omissions coverage form pays the insured’s legal liability for an economic loss resulting from a negligent act, error or omission in connection with printing services performed by …
Taking a lesson from 2005’s hurricanes, Paul VanderMarck, executive vice president at Risk Management Solutions, a modeling company based in Newark, Calif., said companies need to re-evaluate their loss potential regarding major disasters. Last year’s hurricanes proved that models underestimated …
Upon further review of more detailed audit information, and as a result of Skanska’s improved handling of workers’ compensation claims, the Department of Labor and Industries (L&I), Tumwater, Wash., has, in a negotiated settlement, cut nearly in half the $136,264 …
Editor’s note: This is part 2 of two-part series on product recall. Part 1 appeared in the May 8, 2006, Western region issue of Insurance Journal. Losses resulting from a product recall are generally classified as either first-party losses or …
N.M. regulator accused of intervening on daughter’s auto claim New Mexico State Insurance Superintendent Eric Serna intervened in an automobile accident insurance claim involving his daughter, according to documents obtained by a local newspaper, but Serna denies any wrongdoing. “I …
Note to independent agents and brokers: Pay attention to the Geico gecko and former “24” actor who is now shilling for Allstate. They are gunning for your business. Either you can try to go head to head against their multi-million …
On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will host a meeting featuring motivational speaker Betsey Brewer, senior vice president of The Rule Co., speaking on “Supersize Your Borders.” Brewer is the CPCU Society’s …
RLI Corp. of Peoria, Ill., has hired Craig Kliethermes as vice president of actuarial services. Kliethermes will report to Joseph Dondanville, chief financial officer and senior vice president. His responsibilities include pricing, reserving, enterprise risk modeling and actuarial analysis of …
