California Department of Insurance Wants to be ‘Liked’

Insurance Commissioner Dave Jones and the California Department of Insurance really want you to like them.

Leavitt Names Russ Senior Executive Vice President

Woodland Hills, Calif-based Leavitt Group named Mark Russ senior executive vice president and managing co-owner of the Leavitt Group’s Los Angeles office. Russ has been in the insurance industry for more than 30 years with experience in both sales and service for commercial and risk management accounts, including manufacturing, construction, and non-profit organizations. Prior to the Leavitt Group, Russ worked as an area senior vice president for Arthur J.

Best Affirms Chubb Corp. and Subs ‘A++’ Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its property/casualty members

Poll: Northwest Residents Rely on Vigilance to Protect Identities

Most Northwest residents are concerned about the threat of identity theft, but a majority rely on their own vigilance to protect themselves from fraudulent activity against their personal information, a new poll shows. Data from a poll sponsored by Seattle, Wash.-based PEMCO Insurance reveal that less than one-fifth of drivers in the Northwest — 18 percent in Oregon and 16 percent in Washington — say they subscribe to an identity-theft protection service

Chubb: $506M Q1 Income, Business Insurance Renewal Prices Edge Up

The Chubb Corporation reported $506 million in net income for the 2012 first quarter, down slightly — 0.59% — from $509 million income reported one year ago. The insurer’s underwriting profit improved significantly, but it was offset by weaker realized investment gains

South Texas Residents Drying Out after Storm

Residents living north of Corpus Christi in the Portland/Gregory communities are in the process of drying out following a 15-inch rainfall on April 16. Gregory, with a population of 2,500, reported 80 percent of its homes flooded from the storm. The storm struck before daylight producing five confirmed tornadoes, hail and torrential rains

Flick Appointed Chief Actuary at Monitor Liability Managers

Monitor Liability Managers LLC in Rolling Meadows, Ill., has added Daniel Flick as chief actuary. Flick is responsible for overseeing the pricing and reserving functions, working with senior leaders to set strategy, collaborating with all functional areas to ensure overall profitability, segmenting books to determine improved profit potential and evaluating impact of economic conditions on profitability. He has 20 years of experience in the insurance industry and formerly served as senior vice president and actuary at CNA Financial.

Replacement Costs Battle on the Road to Somewhere

Steve Young was somewhat upbeat when he was asked what he thought about the outcome of a long-brewing legal battle between three insurance associations and the California Department of Insurance. That upbeat attitude is because a court of appeals accepted his association’s amicus brief this week. That may sound a bit trivial, but Young sees it as a signal there’s at least a slight chance the group will have its day in court sooner rather than later.

Rondeau, Moreno Join Atlantic Casualty

Goldsboro, North Carolina-based Atlantic Casualty Insurance Co.

Virginia Officials Urge Earthquake Insurance Check

State officials are reminding homeowners to review their insurance policies to see if they have earthquake insurance ahead of a new law that will require better disclosure if policies exclude such coverage. The State Corporation Commission’s Bureau of Insurance says damage from earthquakes is excluded under homeowners policies unless the coverage is purchased as an addition to the policy. A law recently passed by the General Assembly requires companies that exclude coverage for earthquakes to provide a written notice that conspicuously states that it must be purchased separately

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