Monthly Archives: <span>July 2007</span>

Editor’s Note: Size doesn’t matter

Big or small, company size is said not to matter in the insurance industry. At a recent agent/broker conference, Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp., told the audience that there are benefits to doing business with …

News Currents

Fireman’s Fund launches Bay Area wildfire readiness program To kick off Fireman’s Fund wildfire readiness program, firefighters from the Marin County, Calif., Fire Department ignited a controlled fire on the hillside and let it burn to a replicated defensible space …

Study: Calif. workers’ comp reforms working

California experienced the largest decrease in average workers’ compensation costs per claim among 14 states, after years of double-digit cost growth and in the wake of reforms that took effect 2003 through 2006, according to a new study by the …

My New Markets

Family Entertainment Centers Nuts & Bolts: A program tailored for family fun centers and endorsed by International Association of Amusement Parks and Attractions is available through American Specialty Insurance & Risk Services Inc. Types of coverages include general liability; excess/umbrella; …

Oregon’s Ario tapped to be Pennsylvania commissioner

Oregon’s Department of Consumer & Business Services announced that Insurance Administrator Joel Ario will be leaving the Beaver State to become Pennsylvania’s insurance commissioner. As the insurance administrator with the Oregon Department of Consumer & Business Services since 1994, Ario …

Bankruptcy and D&O Claims Settlements

Ever since “entity coverage” became a part of the standard directors’ and officers’ policy, bankruptcy courts have wrestled with the question of whether D&O policy proceeds are property of the bankrupt estate and therefore subject to the bankruptcy code’s automatic …

Calif. Earthquake Authority pushes for industry assessments

Southbound Highway 880 traffic was routed around a damaged section of Highway 580 in Oakland, Calif., Monday, April 30, 2007. Crews sifted Monday through the wreckage of a collapsed freeway overpass, and emergency response officials did their own analysis for …

Thousands of Washington homes threatened by faulty fire sprinklers

Washington Attorney General Rob McKenna and the Office of the State Fire Marshal are warning Washington apartment homes and hotels that their fire sprinkler systems may be defective. The Washington State Fire Marshal’s Office says up to 500,000 fire sprinkler …

Regional companies provide a competitive advantage

Agents need to build a portfolio of carriers to meet their clients needs, and that should include both regional and national carriers, according to Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp. and its subsidiary companies Sequoia Insurance …

News Currents

Tahoe Fire losses could reach $150 million, victims may be underinsured Insured loss estimates for the Angora Fire that burned south Lake Tahoe have been upped to $100 million to $150 million, according to Risk Management Solutions, a Newark, Calif.-based …