The U.S. property/casualty insurance industry's net income after taxes rose to a record $23.5 billion in first-half 2004 from $14.5 billion in first-half 2003, as both underwriting and investment results improved.
Reflecting the industry's income and unrealized capital gains on investments...Read More
State: CA | Segment: Top | 131 | 0 | Popular with Legal | 6 min read
Last week's announcement by New York Attorney General Eliot Spitzer that it was pursuing brokerage houses and insurance companies for illegal bid rigging, and the subsequent threat by California Insurance Commissioner John Garamendi to conduct similar investigations, has IBA West alarmed.
The insurance industry is rebounding from its poor financial results of a
few years ago. Better risk management, higher premiums and increased use of
underwriting information systems have led the way.
Meanwhile, the insurance
industry is increasingly globalized as cross-border inves...Read More
The U.S. 3rd Circuit Court of Appeals ruled that a physical impairment that limits an individual's ability to cleanse and eliminate body waste, commonly associated with kidney failure, does impair a major life activity under the Americans with Disabilities Act.In
Fiscus v. Wal-Mart Stores,...Read More
IBA West has announced on their web site that just prior to the start of the next California legislative session in January, the brokers and agents trade organization will be organizing meetings for members who are active grassroots contacts with key legislators in their districts and will be taking...Read More
IntelliCorp Records, Inc., a provider of preemployment screening services, and Markel Insurance Company have teamed up to provide camps, childcare centers, private schools and social service agencies with accurate and thorough criminal background checks of all employees and volunteers.
The Illinois Workers' Compensation Commission has added an additional arbitrator, bringing the total new hires to seven.
The latest hire is Jacqueline Kinnaman, who served here as a commissioner for 14 years. She will handle 2/3 of the Geneva call. She holds a B.A. degree in Journalism ...Read More
Interstate Bakeries Corp. (NYSE:IBC), which earlier this year disclosed a reserve shortfall of $40 million in its workers' compensation self-insurance program, primarily due to California exposures, said yesterday that, in order to provide it with the necessary time to complete an operational and fi...Read More
In an increasingly competitive environment, insurance companies, as well as other financial service companies, must follow high ethical standards to protect and serve consumers and to maintain a strong marketplace, Brian Atchinson, executive director of the Insurance Marketplace Standards Associat...Read More
From the International Association of Industrial Accident Boards and Commissions on
September 21, 2004:
Following are three resolutions offered to the membership at the annual business meeting of the IAIABC in New York, August 11, 2004. Voting on these resolutions was deferred until t...Read More