Liability costs involving food contamination are soaring, and a globalized supply chain has made risk management much more challenging. In a new report, Swiss Re says that the number of annual food recalls have nearly doubled in the U.S. since …
California Insurance Commissioner Steve Poizner is reportedly exploring the possibility of a ballot measure next year designed get uninsured motorists off the state’s roads and highways. Industry sources confirmed the development initially reported in newspaper accounts quoting a consultant who …
California’s State Compensa-tion Insurance Fund has terminated its relationship with Western Insurance Administrators and resumed its relationship with Shasta Builders’ Exchange. “I can confirm we don’t have a business relationship with Western Insurance Administrators any longer,” State Fund Spokeswoman Jennifer …
California’s State Compensation Insurance Fund has terminated its relationship with Western Insurance Administrators (WIA), State Fund Spokeswoman Jennifer Vargen has confirmed. Based in Long Beach, Calif., WIA previously was the administrator for eight SCIF safety groups and touted it was …
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 …
The California Department of Insurance (CDI) has been handed a procedural setback in its effort to crack down on agents charging broker fees. Last week, the California Office of Administrative Law (OAL) determined that former Insurance Commissioner John Garamendi acted …
As part of his health care reform plan unveiled in early January, California Gov. Arnold Schwarzenegger is proposing a “24-Hour coverage” program that would combine the medical treatment component of workers’ compensation with group health coverage. State and local government …
The California Department of Insurance (CDI) has been handed a procedural setback in its effort to crack down on agents charging broker fees. This week, the California Office of Administrative Law (OAL) determined that former Insurance Commissioner John Garamendi acted …
California Gov. Arnold Schwarzenegger’s administration is continuing its efforts to clean house at the State Compensation Insurance Fund, most recently with a management shakeup. Jeanne Cain, the administration’s appointed president of State Fund’s board of directors, announced that the state-chartered …
Two decades since its formation, the West’s only regional catastrophe pool, the California Earthquake Authority, faces financial and management changes that could have significant implications for its future. Those in turn could have implications beyond California, as other states consider …
