California State Fund Declares 15% Dividend for 2019 Policy Year January 13, 2020 California State Compensation Insurance Fund announced plans to distribute a roughly $55 million dividend to its qualifying policyholders with policies...
Southern California Insurance Agent Arrested for Allegedly Pocketing Premiums January 13, 2020 California Department of Insurance detectives in early January arrested insurance agent Gelinda Phann Keo, 43, on one felony count of...
Feds to Investigate Deadly Tesla Crash in California January 13, 2020 The National Highway Traffic Safety Administration is investigating the crash of a speeding Tesla that killed two people in a...
Workers’ Comp Profits at Risk from Growing Competition, Lower Rates: A.M. Best January 13, 2020 Workers’ compensation carriers’ ability to retain profitable accounts and maintain market share could be challenged due to declining rates and...
Potential Wage-and-Hour Claims Could Rise Under New Overtime Rule January 13, 2020 By Andrew G. Simpson New federal rules on overtime pay, which began January 1, change for the first time since 2004 the threshold for...
January 2020 Reinsurance Renewals Varied Significantly, Brokers Say January 13, 2020 By L.S. Howard The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss...
Special Report: The Charity Issue – Photos of Giving December 16, 2019 Frank Winston Crum Insurance FWCI has an enterprise philosophy of philanthropy with a primary focus on helping people who cannot...
How to Lower Agency Value December 16, 2019 By Catherine Oak and Bill Schoeffler As the M&A frenzy continues, buyers keep pushing the envelope when it comes to agency value. The private equity firms...
Insurer Market Conduct Troubles Often Traced to Claims Handling Errors December 16, 2019 By Jim Sams Mistakes by claims professionals were the most common reason for enforcement actions against U.S. property and casualty insurers in 2018,...
P/C Direct Premium Written Up 4.9% December 16, 2019 By Douglas A. Powell Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2018, total DPW for all...