Soft Market Emphasizes Need for Education, Communication It was the best of times, it was the worst of times.” Charles Dickens probably was not referring to the insurance industry’s soft market, when he wrote “A Tale of Two Cities,” but …
Asian Insurers May Buy in U.S., E.U.; Bermuda Beefs Up Regulators; Zurich Favored for Acquisition Asian insurers may go on a buying spree. A number of companies, particularly China’s major players, are likely to seize the credit crunch as an …
Employees who complain of racial bias in the workplace and then face retaliation can sue under a post-Civil War-era law barring discrimination, the U.S. Supreme Court ruled in late May. In a second similar decision, the high court ruled that …
Louisiana, Washington Rank High for Heavy and Civil Engineering Construction Business Within the broader construction industry sector, heavy and civil engineering construction (NAICS 237) is an often overlooked segment. Yet the segment generates more than $7.6 billion in all lines …
Multi-State, Players Multi-Line Revealed While many property/casualty insurers referred to themselves as super regionals, the definition of a super regional insurer remained unclear until the Feb. 12, 2007, issue of Insurance Journal where original criteria and an objective definition were …
Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008, marks the second year in a row that Demotech Inc., as Insurance Journal‘s official research partner, published our company classification system, including the list of Super …
The California Department of Industrial Relations has launched an Insurance Coverage Program, an enforcement program designed to identify and target employers who fail to carry workers’ compensation insurance. DIR Director John C. Duncan said the program will help “to systematically …
Failing to Disclose Could Lead to Lawsuits Many insurance brokers and agents who perform services for premium finance companies may unwittingly violate certain disclosure requirements under the California Insurance Code because they are unaware that the obligations exist. In an …
Move from Residential to Commercial Construction Increasing Risk Severity Following legislative reforms, the slowing economy and soft market conditions, workers’ compensation insurance carriers are eager to build their business in California. But agents and brokers need to take care when …
Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance Commissioners Summer Meeting held in San Francisco on May …
