This month new workers’ compensation insurance rates went into effect in California. And thanks to reforms championed early on by State Sen. Charles Poochigian and Assemblyman Abel Maldonado, and later pushed by Gov. Arnold Schwarzenegger, workers’ comp rates are plummeting. …
Recently I attended the National Symposium on the Future of Terrorism Risk Insurance. The day-long symposium, which took place on the campus of the University of Southern California, featured experts from several different perspectives on terrorism insurance. Much of the …
The California Assembly Insurance Committee approved an amended measure that will now require insurers to provide an explanation to consumers when policies are declined, canceled or non-renewed, AIA reported. The bill, SB 150, authored by Senator Martha Escutia (D-Whittier), was …
By Alan A. Smith, Jr. Many of our allies in the fight against the Garamendi Agenda were puzzled by IBA West General Counsel Steve Young’s open hostility toward the Western Insurance Agents Association’s “Line In The Sand” campaign on full …
The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its recommendation to oppose the renewal of the Terrorism Risk Insurance Act by Congress in its current form. TRIA is set to sunset …
Working With E&S Wholesalers: Be Nice You’ll Need Them Again! The surplus lines industry pendulum is now on its backswing into a soft market. A couple years of market restriction and firm pricing brought a temporary prosperity to the industry. …
Two Industry Opposed Bills Die in California Legislature California’s SB 46 and SB 603 both died in the Legislature in late June, allowing insurers to breathe a little easy-for now. SB 46, authored by Sen. Richard Alarcon (D – San …
When you think of marketing your agency, what is the first thing that comes to your mind? Cold calling? Print ads? Direct sales letters delivered before ex dates? Maybe even a Yellow Pages ad? That is what is referred to …
The Ohio Casualty Insurance Co. announced that Ralph S. Michael III, 50, has been named president and chief operating officer of the company, effective July 25, 2005. Michael comes to the Fairfield, Ohio-based company from U.S. Bank, National Association, where …
When you think of marketing your agency, what is the first thing that comes to your mind? Cold calling? Print ads? Direct sales letters delivered before ex dates? Maybe even a Yellow Pages ad? That is what is referred to …
