Industry hopes for disaster solutions, federal terrorism insurance extension, regulation reform and more In 2007, buyers of insurance reaped in the rewards of a soft insurance market. But for agents and brokers the soft market meant lower premiums, lower commissions …
California’s State Compensation Insurance Fund “has weak corporate governance, inadequate internal controls in various areas and a general inability to plan for the long-term,” according to an operational review report recently released by the state Department of Insurance. Following up …
The family of an employee is not entitled to workers’ compensation death benefits if the death occurs while the employer is attending an educational conference, the Court of Appeal in California has ruled. In City of Los Angeles v. Workers’ …
It’s that time of year — predictions about everything from the economy to politics run rampant with a new year. Predicting the future is never easy. But there are some issues facing the independent agency system in 2008 that are …
Robert P. Page of Houma, La., was installed as president of the National Association of Professional Insurance Agents (PIA National). Page, co-owner of Charles A. Page and Sons Insurance Agency in Houma, has served on the PIA of Louisiana Board …
The subprime mortgage meltdown has been a leading story on the front pages of newspapers around the country for the past few months. The uproar also has led to a flood of new lawsuits and to concerns about how much …
In storm-ravaged parts of the Northwest, home and business owners are beginning to file insurance claims — a process that could be complicated by whether severe winds or floods did the damage. Insurers say they’ve received hundreds of claims from …
Carriers and agencies both face challenges in maintaining quality relationships Agents might think they have their hands full trying to attract and retain quality employees, but they are not alone. Insurance carriers face challenges in getting and keeping quality agents, …
While 2007 was surprisingly calm year for hurricanes, that doesn’t mean Mother Nature didn’t have a tantrum or two. In the past year, the West faced its share of disasters, with freezes, floods and fires making news headlines from California …
Workers’ Comp Insurer Needs Change “Given SCIF’s size, its fiscal health is integral to ensuring a healthy and competitive workers’ compensation marketplace.” —California Insurance Commissioner Steve Poizner, commenting on recommendations to improve the State Compensation Insurance Fund. The recommendations were …
