California Insurance Commissioner, Insurers Settle on Iran Investments

California Insurance Commissioner Dave Jones and a group of insurers have settled litigation over insurer investments in companies doing business in Iran, it was announced on Friday. The terms of the settlement permit the Jones to “maintain a public list of businesses involved in volatile sectors of the Iranian economy,” according to a statement issued by Jones’ office. The settlement also prevents Jones from declaring the investments of insurers in question to be declared non-admitted

Florida Lawmakers Reject Bad-Faith Reform Bill

Business groups in Florida saw their efforts to reform the state’s bad-faith law end suddenly for the year after a legislative committee voted by a one vote margin to kill a bill that would have placed additional restrictions on lawsuits.

Zambrana Named Assistance Vice President of Atlas in Southern California

Stephanie Zambrana has been named assistant vice president and controller of Atlas General Insurance Services, a workers’ compensation specialty general agency in San Diego, Calif. Zambrana has more than 13 years insurance experience in various financial positions within wholesalers and MGAs. Zambrana’s insurance career started at Arrowhead General Insurance Agency as a staff accountant responsible for multiple lines of insurance programs.

Lawmaker: Oklahoma Bill Would Help Homeowners with Insurance Claims

A bill filed in Oklahoma aims to help homeowners with insurance claim payments issued through mortgage companies. Legislation filed by Oklahoma state Rep.

Scienctists Urge More Study of Nanotechnology Risks

Studying the potential health hazards of nanotechnology will require an additional $24 million a year to close the knowledge gap about the tiny particles used in a fast-growing array of consumer products, the National Research Council said on Wednesday. A new federal oversight agency is also required to integrate research by private business, universities and international groups, the non-profit research council said in a study sponsored by the U.S.

California Legislator: Feds Will Step Up Involvement in Insurance Industry

“Listen to me now, understand me later.” State Sen. Juan Vargas, D-San Diego, gave a well-received Arnold Schwarzenegger impression, chest heaving and heavy on the former California governor’s thick Austrian accent.

ACE Risk Management Launches Specialty Transportation Segment

ACE Risk Management has created a national transportation industry segment to offer customized primary casualty coverage for this class. The coverage offered through ACE Risk Management’s specialty transportation segment is well-suited for fleets in excess of 1,000 units, including self-insureds that administer their own claims and have retentions of at least $500,000. “ACE Risk Management has a wealth of experience in providing specialized insurance products for the transportation industry, and this expertise translates into easier access for brokers and clients wishing to use these services as well as personalized attention and coordinated service delivery,” said Matt Merna, division president, ACE Risk Management.

Report: Most Workplace Homicides Happen During Robberies

What do robberies and healthcare patients have in common? Workplace violence. While the numbers of workplace homicides and injury-causing assaults have fallen since the 1990s, homicides that do occur in the workplace primarily result from robberies and most assaults at work are committed by healthcare patients, according to a new report published by the National Council on Compensation Inc

Best Places PartnerRe and Operating Subs Ratings on Review/Negative

A.M. Best Co.

Networked in California Joins LexisNexis Exchange

Grass Valley, Calif.-based Networked Insurance Agents has signed on with LexisNexis Risk Solutions Insurance Exchange, a significant step for LexisNexis into the West, the collaborative insurance placement platform said. Networked Insurance Agents has roughly1,200 small- to mid-sized independent member agencies

Next Page »