In testimony in mid-November before the House Committee on Financial Services in Washington, D. Cameron Findlay, executive vice president and general counsel of Aon Corp., urged the U.S. Department of Treasury to address what he said is a primary cause …
Congressional candidates from the Western states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming pulled in donations from a variety of insurance industry interests in 2008, according to the Center for Responsive …
Willis Group Holdings appointed Phillip Ellis leader of a new division focused on growing the company’s Enterprise Risk Management business for Willis’ Global Retail and Specialty teams. He was most recently chairman of Willis Energy. Prior to joining Willis in …
Contractual Limitations Provisions in Insurance Policies: What Every Agent and Broker Needs to Know Generally, the statute of limitations for the breach of an oral agreement is four years. However, a shorter period is mandated by California Insurance Code Section …
Insurance Agency Profile Agency Name: SullivanCurtisMonroe Headquarters: Irvine, Calif. Year Founded: 1931 Additional Locations: Corona and Pasadena, Calif. Total Property/Casualty Premium Volume for 2007: $186.6 million Premium Volume for Non-Property/Casualty in 2007: $110.3 million 2007 Property/Casualty Revenues: $34.1 million Principals: …
The Southern California wildfires are burning a bigger hole in California’s budget, adding to the state’s $11.2 billion deficit, the governor’s finance spokesman said. The state has spent $305 million on emergency firefighting since the start of the fiscal year …
Teague Insurance Agency, Wilson Insurance Agency Walter O.L. Johnston Jr., president of Teague Insurance Agency in La Mesa, Calif., and Bradley Wilson, president of Wilson Insurance Agency in Chula Vista, Calif., have merged their agencies. Both agencies have been located …
On Nov. 5, 2008, the insurance information firm Advisen issued an updated forecast of insurance losses likely to arise from the credit crisis. Advisen is now estimating aggregate directors and officers, and errors and omissions losses of $9.6 billion, up …
Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million. Comparatively, those losses are relatively minimal; insured losses from the 2007 Southern …
With incoming President-elect Barack Obama and major increases in the U.S. House of Representatives and the Senate, the Democrats will now control both chambers of Congress and the White House. The changing of the political guard, coupled with the recent …
