The largest association of commercial insurance buyers has stepped-up its opposition to the acceptance of contingent compensation by any agent or broker, calling such compensation “an inherent conflict of interest” in a strongly worded policy restatement. The 10,000-member Risk and …
Newark, Calif.-based Risk Management Solutions has appointed Sandra Cruze vice president and lead of quality assurance. In her new role, Cruze will focus on software quality, streamlining processes, and improving testing capabilities. She will also oversee the total quality management …
California’s State Compensation Insurance Fund announced it filed for an 11 percent average decrease in collectible premium for its July 1, 2007, workers’ compensation insurance rates. The new rates will affect new and renewal workers’ compensation policies with an effective …
The Texas Department of Insurance issued an alert to agents and consumers concerning a nontraditional insurance product offering it is investigating. The bulletin advised Texas insurance agents to exercise caution with respect to the offering. TDI said the nontraditional product …
The board of directors of the Nonprofits’ Insurance Alliance of California (NIAC) has declared a $3.7 million dividend to be paid to 2,707 nonprofit insureds in California. The dividend reflects better than anticipated claims experience in the policy years 2000 …
California Insurance Commissioner Steve Poizner has unveiled a series of reforms to address what he says are systemic and structural deficiencies in the state’s workers’ compensation system. He also recommended a 14.2 percent decrease in workers’ compensation pure premium rates, …
Asian nations could reduce a quarter of their greenhouse gas emissions by 2030 if they increase renewable energy use, improve coal-fired power plant efficiency and switch to biofuels, a U.S. government report said Tuesday. However, the report from the U.S. …
Encino, Calif.-based Nas Insurance Services is offering Network Security Insurance (e-MD), which covers allegations against an insured physician or medical group such as breach of privacy, identity theft, etc. e-MD includes government investigations defense cost insurance, which covers government investigations …
Trade credit insurer Euler Hermes, a subsidiary of AGF and a member of the Allianz Group, has opened an office in Dubai in cooperation with its local partner, Alliance Insurance. Euler Hermes new facility will offer “an extensive range of …
If you think gasoline prices are high now, consider the eye-popping possibilities if another monster storm pummels the Gulf of Mexico this hurricane season, the way Katrina and Rita battered the petroleum-rich waters in 2005. The petroleum industry has spent …
