California News

9 Catastrophes to Cost P/C Insurers $3 Billion in 1st Quarter

U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $3.35 billion for first-quarter property losses resulting from nine catastrophes. The nine events identified as catastrophes by the Property Claim Services (PCS) unit of Insurance Services Office include …

Ramsey Joins Lawson-Hawks as Private Client Services VP

Mountain View, Calif.-based Lawson-Hawks Insurance Associates, an insurance intermediary and broker, has added Laura Ramsey as vice president of Private Client Services. She will be responsible for growing the new division and determining both the markets and strategies capable of …

McDermott Costa Celebrates its 70th Anniversary This Year

April 29, 2008 – San Leandro, CA – Insurance Brokerage firm McDermott-Costa Co., Inc. is celebrating its 70th anniversary this year. McDermott-Costa is recognized as one of the leading insurance brokerage firms in Northern CA specializing in Property & Casualty …

Nevada Insurance Regulator to Retire

Nevada Insurance Commissioner Alice Molasky-Arman is stepping down after a long regulatory career that included approval in 2007 of a $2.6 billion deal involving Nevada’s largest health insurer — a deal that troubled Gov. Jim Gibbons. Molasky-Arman, retiring next September, …

Nevada Residents Warned Bigger Earthquake Could be Coming

Scientists urged residents of northern Nevada’s largest city to prepare for a bigger event as the area continued rumbling Saturday after the largest earthquake in a two-month-long series of temblors. More than 100 aftershocks were recorded on the western edge …

100 Homes Evacuated as Wildfire Burns Near Pasadena, Calif.

A wildfire that has scorched 270 acres and forced the evacuation of about 100 homes in neighborhoods near Pasadena might not be under control for days, officials said Sunday. Firefighters originally had hoped to have the blaze contained Sunday, but …

Experts See Boost to Genetic Testing if U.S. Anti-Discrimination Bill Passes

Americans may be much more willing to get genetic tests showing predisposition to diseases with this week’s expected final passage by Congress of a bill barring discrimination based on one’s genetics, experts say. Genetic testing, typically involving a sample of …

Lloyd’s Lord Levene’s L.A. Speech Lauds London

Lloyd’s Chairman Lord Levene told an audience of around 100 business executives in Los Angeles on Friday that London’s strengths as a leading global financial center have not been diminished by the credit crunch. Addressing the subject of current economic …

Stroughair Joins RMS As Head of RiskMarkets Group

Newark, Calif.-based Risk Management Solutions announced that John Stroughair has been hired to head the RiskMarkets group of RMS Consulting. In that capacity, he will be responsible for all capital markets activities, including risk analysis of catastrophe bonds for use …

Learn How Insurance Agents Can Receive Live Transfer Insurance Leads

QuotesAuction.com, a leader in the insurance leads industry, is now offering live transfer insurance leads to agents and brokers in all 50 states. North Hollywood, CA – April 28, 2008 — QuotesAuction.com, an insurance industry lead, has announced plans to …