It was 5 a.m. on Saturday, Nov. 24, 2007, when Farmers Insurance agent Bart Baker was quickly awakened in his Malibu, Calif.-area home by his son, who informed him that he could see columns of smoke rising in the area …
Editor’s Note: The following letter was sent to the president of American Insurance Association Gov. Marc Racicot. I read with interest your letter and news release calling for state insurance regulators to reconsider their opposition to an optional federal charter …
There is a small contingent of independent insurance agents who aren’t sure they’ve found their permanent career yet. About 20 percent of young agents in a recent Insurance Journal survey said they had already decided against a permanent career as …
Greenhouse gases (GHGs) have gotten a bad rap, according to Mark C. Bove, senior research meteorologist, catastrophic risk management for Munich Reinsurance America. Speaking on a panel about climate change at the Chartered Property Casualty Underwriters Society Golden Gate All …
Firm’s 40 years of success rests on diversity, decentralization and tough decisions The founder of one of the most successful insurance companies went into the insurance business because he thought it would be easier than competing in the investment business. …
Arizona lawmakers are considering two workers’ compensation bills that would change how benefits are calculated and awarded, and allow more communication with the doctors of injured workers. House Bill 2828, sponsored by House Majority Whip John McCormish of Phoenix, would …
When I sold my agency in 2001, I moved to Florida and started buying shopping centers. Hurricane Frances almost destroyed the center I acquired across from the beach one day after my first renewal. My agent had originally written the …
The insurance affiliate of the Automobile Club of Southern California (the Interinsurance Exchange of the Automobile Club) will issue $22.5 million in refunds to approximately 120,000 policyholders to resolve lawsuits brought by The Proposition 103 Enforcement Project, a project of …
Consumer advocacy and public policy research group The Greenlining Institute is questioning whether California Commissioner Steve Poizner made a “masked attempt to target the poor.” According to a letter sent to the Commissioner’s office last week, the group criticized Poizner …
The repeal of Colorado’s no-fault automobile insurance law in 2004 has helped to reduce claims costs in the state, according to a recently released study by the Insurance Research Council. In 2004, the first year after Colorado repealed its no-fault …
