Thanks to the pressure applied by the American Agents Alliance and its association partners, the California Department of Insurance has amended its proposed regulations dealing with the electronic reporting of agency appointments. Alliance Executive Director Ken Nigohosian said, “The change …
Legislation that would expand the state’s pilot, low-cost auto insurance program is premature without first conducting a thorough evaluation of its effectiveness, according to Sam Sorich, president of the Association of California Insurance Companies. “This five-year-old pilot program has not …
While most believe insurance is important to protect assets and, in the case of life insurance, their families, Los Angeles-area Latino consumers in general under-utilize insurance, according to a study released today by the Tomas Rivera Policy Institute at the …
APPEX (Agency Peak Performance EXchange) has announced that 10 new agencies have joined its membership. The new members include: Christensen Group Insurance Resources International Founded in 1952, CG-IRI, located in Minnetonka, Minn., has a rich history of client-focused service and …
3M Co. received $35 million from four insurers in July to settle breast implant lawsuits, the company announced late last week. The claims stem from a 2003 Minnesota Supreme Court ruling that 29 insurance companies must reimburse 3M for settlement …
Howard Stone, president of Gray-Stone & Company Insurance recently announced that James Stone has joined the organization as underwriter/broker in the Thousand Oaks office. Stone comes to the organization with more than 25 years of insurance experience. He began his …
The Western Insurance Agents Association, a leader in the fight against the Garamendi Agenda, submitted comments to the California Department of Insurance opposing yet another over-reaching proposed regulation impacting the insurance industry. Michael J. D’Arelli, Vice President, Legislative & Regulatory …
A.M. Best Co. has placed the financial strength ratings (FSR) of A+(Superior) and issuer credit ratings (ICR) of “aa-” of GeoVera Insurance Company, USF&G Specialty Insurance Company (both domiciled in Hunt Valley, Md.) and Pacific Select Property Insurance Company (Fairfield, …
This is the Association of California Insurance Companies special report on the status of significant insurance-related bills that are awaiting action by the Legislature. Lawmakers return from their month-long summer recess Aug. 15 and the following bills will be among …
Auto injury claimants from four states seek different types of medical treatment, even though they report similar injuries, according to a study of insurance claims by the Insurance Research Council. The study examined auto injury claiming behavior in California, Illinois, …
