The National Council on Compensation Insurance has filed a request to decrease workers’ compensation loss costs in Hawaii by 16.8 percent, beginning Jan. 1, 2008, according to the state Department of Commerce and Consumer Affairs. DCCA said the reduction is …
The California Department of Insurance has announced that Chubb Group of Insurance Companies is implementing a 18.4 percent homeowners insurance rate reduction that is expected to save Californians approximately $14.5 million annually. Chubb has more than 18,000 policyholders throughout California; …
Environmental Consultants-Contractors Nuts & Bolts: As part of the comprehensive coverage care suite of products, ELM Insurance Brokers has an addition to its errors and omissions/directors and officers/ employment practices liability/crime and fiduciary suite, environmental liability for consultants and contractors’ …
The National Association of Professional Surplus Lines Offices named new officers and directors for the 2007-2008 term. Officers include: President Mary Ellen Rozzell of Continental/Marmorstein & Malone, Paramus, N.J.; Vice President John F. Wood III of Specialty Risk Associates Inc., …
Montana legislative analysts agreed that more money is needed to fight fires in Montana but called the state’s current system for funding wildfire suppression “convoluted” and raised concerns about some of Gov. Brian Schweitzer’s special session requests. The governor called …
Farmers Insurance has refunded $1.4 million to thousands of California homeowners and agreed to pay $2 million in penalties to settle complaints that the company overcharged policyholders, officials said. The settlement came after a California Department of Insurance (DOI) investigation …
Calabasa, Calif.-based Countrywide Financial Corp. has announced plans to address changing market conditions, in part due to the subprime mortgage meltdown. As part of the plan, the company said it would be reducing its workforce by a total of 10,000 …
The Association of California Insurance Companies is urging Gov. Arnold Schwarzenegger to sign into law legislation that it said could encourage expansion of the workers’ compensation insurance market in California. ACIC President Sam Sorich said the bill, SB 316 by …
California Gov. Arnold Schwarzenegger has signed SB 33 by Joe Simitian, D-Palo Alto, banning teenage drivers from using all electronic devices — such as cell phones, pagers and laptops — while behind the wheel. “The simple fact is that teenage …
By a wide margin, California lawmakers have approved a compromise between the California Earthquake Authority’s governing board and its participating homeowner insurers to replace a significant portion of the CEA’s statutory funding set to expire next year. The legislation was …
