As the old saying goes, “Hope for the best, but prepare for the worst.” While Lloyd’s 2005 £103 million ($180.6 million) loss estimate may not be the absolute best, it’s certainly a lot better than it could have been after …
Californians who purchased auto policies from GEICO and were denied a discount for not having proof of prior insurance will receive refunds as part of a settlement between the company and a consumer advocate group. Government Employees Insurance Co., also …
A proposed tax credit aimed at helping Oahu flood victims was expanded by Senate lawmakers Tuesday to cover families and businesses throughout the islands who suffered damages during the recent heavy rains. The credit would equal 10 percent of a …
The Arizona Department of Insurance has established new civil penalties if a surplus lines broker fails to remit the surplus lines tax provided for by state statute 20-416 based on the amount of tax overdue. According to the department, up …
Costco Executive Business Members in Washington will now be able to purchase and administer employee benefits insurance online. Concero Technology, a Portland, Ore.-based provider of employee benefits insurance portals, announced that it has expanded the wholesaler giants’ healthcare packages. Costco …
The Hartford Financial Services Group Inc., a workers’ compensation insurance provider, announced that it will team up with BC Life & Health Insurance Co., an affiliate of Blue Cross of California, to better serve its California customers. Under the new …
California’s State Compensation Insurance Fund has appointed Don Smith vice president and member of the executive committee. Smith, 59, of Valley Springs, Calif., is a 25-year veteran of State Fund. He began his career as a claims adjuster for the …
Erin Toll, deputy commissioner of the Colorado Insurance Department, has 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 …
Hobson Insurance, Hobson, Mont., has added Betty Schramm and Theresa Lemmon to its staff. Schramm has 10 years of industry experience. Lemmon recently graduated from Montana State University-Bozeman.
Seattle-based property and casualty insurer Safeco is considering direct marketing its automobile insurance business over the Internet to reach additional consumers that don’t like to deal with a middle-man and purchase insurance through agents. According to Paul Hollie, company spokesman, …
