“The ultimate objective is for an insurer is to use an ERM framework to better understand and manage the correlation and diversification of risk across the company and uses this information to determine overall risk or economic capital.” The threat …
Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast, and by 25 to 30 percent in the Mid-Atlantic and …
A recent survey conducted by California Small Business, San Francisco, found that most small businesses are still very concerned about workers’ compensation. In the survey, 83 percent of the respondents consider workers’ compensation a top or high priority issue for …
Bechtel Petroleum Operations Inc. v. The Continental Insurance Co. (California Court of Appeals, 2nd District, March 6, 2006) Ruling: At issue on this appeal was whether the insurers had a duty to defend lawsuits filed by workers and their family …
Editor’s note: This is the first article in a series on Western insurance associations. Part II of this article will appear in a future issue. As people migrate to the West to enjoy the weather and opportunities for outdoor activities, …
While homeowners and businesses can physically pickup the pieces following a natural disaster, mending the hearts and minds of those in the field is not so easy. Four industry CEOs recently described the emotional impact that 2005’s catastrophes had on …
Michael Jackson has been ordered to pay a $69,000 fine and remove 69 employees from his Neverland Ranch in Los Olivos, Calif., for allowing workers’ compensation insurance to lapse at the estate that has been home to elephants, orangutans and …
Barger and Wolen Barger & Wolen LLP, a Los Angeles-based law firm specializing in insurance regulatory, general business and litigation matters, has opened an office in Phoenix to be managed by Charles Cohen, former director of the Arizona Department of …
Adams appointed to fill Arizona house vacancy Arizona’s Maricopa County Board of Supervisors has appointed Kirk Adams, already a candidate for a state House seat, to fill a vacancy created by the resignation of Rep. Chuck Gray, a fellow Mesa …
Mississippi wind versus flood lawsuit remanded back to state court A Mississippi lawsuit that would force insurance companies to honor their policies and pay for damage caused by storm surge has been remanded back to the Chancery Court of Hinds …
