The Workers’ Compen- sation Insurance Rating Bureau of California (WCIRB) Governing Committee has approved the filing of a 16.4 percent decrease in advisory pure premium rates to be effective July 1, 2006, on new and renewal policies with anniversary rating …
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 …
Washington’s legislature wrapped up a short session in March, addressing its budgets and tackling “many controversial issues,” including Columbia River water, medical malpractice and gay rights, according to a report by the Insurance Agents and Brokers of the West (IBA …
Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report in July 2004, questioning the transparency of environmental …
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 Republican. Adams, an insurance agency owner, was …
As California political race heats up for governor, lieutenant governor, insurance commissioner, and attorney general, the insurance industry is speculating who will lead the state — and how that will affect insurance agents, brokers and insurers. To alleviate some of …
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 County. Because the state is seeking an injunctive, the case …
Idaho is considering a law that would increase the monetary threshold for an automatic award of attorney’s fees from $25,000 to $50,000, with the exception of personal injury claims. Senate Bill 1357 is currently in the House Committee on Judiciary …
Actions and ProceedingsBechtel Petroleum Operations Inc. v. The Continental Insurance Co. (California Court of Appeals, 2nd District, March 6, 2006) res judicata. Prior to that decision, the court held that the pollution exclusion applied, and the insurers did not have …
Editor’s note: This is the fourth in a continuing series of articles offering “best practices” suggestions for the hiring process, including training in the independent agency. More information is available at www.iiat.org under Agency Management. Although it’s often true the …
