Alternative and agro-tourism enterprises are allowing farmers and ranchers to earn higher profits by replacing or supplementing traditional farm operations with innovative on-farm or on-ranch ventures, according to Kiki Chvosta and Bonnie Reed of Allied Insurance/Nationwide. As a result, insurance …
California Insurance Commissioner John Garamendi successfully underwent surgery to repair a leaking mitral valve in his heart. He is currently recuperating from the surgery. Surgeons who performed the mitral valve repair on Garamendi for five hours said his prognosis for …
This morning, you received a phone call from a potential client interested in purchasing professional liability coverage. During the course of the conversation, the prospective client is not a traditional professional, such as an attorney, a physician, an architect/engineer or …
A laptop computer belonging to Fidelity Investments and containing sensitive data on about 196,000 retirement-account customers was stolen, the company said. The nation’s largest mutual-fund manager confirmed reports that the computer held information on participants in Palo Alto, Calif.-based Hewlett-Packard …
Allstate and Sterling Autobody Centers can communicate benefits of its shops, a federal district judge in Texas has ruled. In a news release, Allstate reported that on March 9, 2006, the judge in Allstate, et al. v. Abbott, et al. …
Editor’s Note: This is the first part of a two-part roundtable discussion in which KPMG professionals examine the scope and source of identity theft, and how corporations need a multi-disciplinary approach to fight it. Part 2 of the roundtable will …
Erin Toll, deputy commissioner of the Colorado Insurance Department, pledged to close 180 affiliated businesses operating illegally in her state this year. Toll said there is nothing wrong with affiliated businesses that operate properly. However, she is seeking legislation in …
The focus of litigations and investigations on electronic documents, particularly e-mails, and the increasing accountability of compliance programs, including record retention, are leading organizations to reexamine their document management. That includes e-mail destruction practices, records management programs, compliance training and …
Risk Management Solutions, Newark, Calif., has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific, and that they are designed to justify insurance premium increases. RMS declined …
California Governor, Arnold Schwarzenegger won’t be making major workers’ compensation movements this year regarding permanent disability, according to an industry lobbyist. “[Schwarzenegger’s] administration reiterated its original position recently that it would reexamine the permanent disability schedule after 18 months worth …
