A California Court of Appeals has allowed policyholders in the Farmers Insurance Exchanges to question the alleged excessiveness of management fees charged to them by Farmers Group Inc., a wholly owned subsidiary of Zurich Financial Services. In Benjamin J. Fogel, …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Chicago-based SeaBright Insurance Company (SBIC) Best also affirmed the ICR of “bbb-” of SBIC’s holding company, Delaware -based …
The Workers’ Compensation Insurance Rating Bureau of California has decided not to file for a mid-year pure premium rate change. Accepting a recommendation made by the WCIRB Actuarial Committee, the WCIRB Governing Committee said the organization would not propose a …
People Willis Group Holdings extended its employment agreement with Joseph J. Plumeri, the company’s chairman and CEO. The agreement, which was originally scheduled to expire Oct. 15, 2009, will extend Plumeri’s tenure as leader of Willis through April 2011. That …
Three insurance associations are urging Californians to contact their legislators to oppose a bill that they say would influence where consumers get their vehicles repaired following an accident. The bill, SB 1167 by Sen. Patricia Wiggins, D-Santa Rosa, was scheduled …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Sports & Recreation Nuts & Bolts: Sadler Sports and Recreation is offering sports and recreation …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Child Welfare Insurance Services Nuts & Bolts: Child Welfare Insurance Services is offering programs designed …
How agents from Mass. to Virginia are faring as the economy slows, competition quickens and government changes the rules Agents across New England and the Mid-Atlantic states are worried about how they and their customers will fare as the region’s …
A bill that would help to clarify when an insurance professional is acting in the capacity of a broker versus an agent in California is scheduled come before the state Assembly Insurance Committee no later than April 16. Given the …
The Governing Board of the California Earthquake Authority has hired Glenn A. Pomeroy as CEO. Pomeroy has extensive experience in public service positions, including former commissioner of insurance of North Dakota. In addition, Pomeroy has served as North Dakota securities …
