Ohio Tops Other States in Claims for Metal Theft

Ohio leads the nation in property insurance claims for the theft of copper and other metals, an industry-supported organization that fights insurance fraud says. The National Insurance Crime Bureau says Ohio property owners made 2,398 such claims during the three-year period from 2009 through 2011. Nationwide, such claims broke the 25,000 mark over the same period, an 81 percent jump from the three-year period from 2006 through 2008.

Municipal Defaults — Already 21 in 2012 — Another Blow for Bond Insurers

A growing number of U.S.

Poms Acquires Stone, Harris & Stone in California

Woodland Hills, Calif.-based Poms & Associates Insurance Brokers Inc. acquired Stone, Harris & Stone, a division of Brown and Brown

Auto Insurance Discount Initiative May be Gaining Bipartisan Endorsement

The backers of an automobile insurance persistency initiative are making steps to gain bi-partisan support for their proposition, which is slated for California’s Nov. 6 ballot and a possible showdown with what would be a competing initiative.

Vicarious Liability Ruling May Impact Education Insureds in California

The California Supreme Court ruled that a public school district may be vicariously liable for the negligent hiring, retention and supervision of a guidance counselor who allegedly sexually abused a student. And that ruling may have insurers taking a closer look at clients to whom they issue employment practices liability insurance. The court issued its ruling on March 8, reversing a dismissal in C.A., a Minor, v

Chief: California Wildfires May Signal Busy Season

Forest fire authorities say a series of a dozen small wildfires over the past two months may herald an active fire season this summer on the California coast. Anthony Escobar, Los Padres National Forest fire chief, said this week that vegetation is extremely dry after a winter with exceptionally low rainfall, but there is still just enough moisture to combat blazes quickly and effectively. However, he’s warning citizens to take extra precautions as spring advances into summer and vegetation dries out further.

Report: Increasing Workers’ Comp Losses For California Public Self-Insureds

A analysis of more than 10 years’ worth of data shows for the fifth consecutive year increases in the average loss per claim, led by escalating medical losses, pushed up total workers’ compensation costs for cities, counties and other public agencies in the state last year. The analysis was conducted by the California Workers’ Compensation Institute, which compiled data from the California Office of Self-Insurance Plans (OSIP), and issued a report on Monday. The latest summary of claims data for fiscal year 2010/1011, issued Jan

Lawyer Claims Highest Known Workers’ Comp Settlement in California History

Attorney Christopher Asvar believes he has secured the highest known workers’ compensation insurance settlement in California history, totaling $8.9 million on behalf of a Antonio Enriquez, who suffered a traumatic brain injury in 2004 at the age of 18 after falling from a scaffold. Asvar said he’s talked to “structured settlement folks up and down the state,” and with those negotiating the settlement on behalf of California’s State Fund, and everyone he’s spoken with agrees this is the highest known workers’ comp settlement in California

California Commissioner Jones Announces Settlement for Earthquake Policyholders

The California Department of Insurance has settled a noncompliance action against GeoVera Insurance Co. following a 2010 investigation into consumer complaints concerning GeoVera’s underwriting practices. GeoVera will pay refunds to policyholders, in addition to a $235,000 fine, and take a number of corrective actions, as a result of the settlement

Roush Joins B & B in Southern California

Stephanie Roush has joined Agoura Hills based B & B Premier Insurance Solutions Inc. as an account executive. Roush, who specializes in workers’ compensation and business insurance, joined the B & B after relocating to California from her native Colorado

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