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“All the new business is being written by Florida domestics right now,” says the CEO of one of them, David Howard of Edison Insurance. Domestic insurers — about 20 have been formed in the last decade — now have a third of the market in Florida. Here’s a look at four. The ratings agency [...]
Archive for the ‘Insurance News’ Category
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High Court: Parents Can’t Sign Away Kids’ Rights
Posted by gary on March 25th, 2010
Christopher Jones was determined to conquer the double-jump obstacle at the Thunder Cross Motorsports Park in Okeechobee. The ATV driver crashed during an attempt insurance news six years ago and ended up in the emergency room. He tried again a month later and was ejected from the vehicle. The ATV fell on the 14-year-old, and [...]
Encino Insurance Broker Pushes South
Posted by gary on March 4th, 2010
GNW-Evergreen Insurance Services, an Encino-based broker, said Aug. 25 that it signed a deal to acquire the assets of Plenary Insurance Services for undisclosed terms. As part of the deal, GNW-Evergreen took on Plenary’s San Diego office with three employees as well as an Orange County office with eight employees. Plenary is a subsidiary of [...]
Procopio Replacing Reed Elsevier Name on Downtown High-Rise
Posted by gary on March 4th, 2010
Downtown residents and workers will soon notice a new moniker atop the Golden Eagle Plaza Building when Procopio, Cory, Hargreaves & Savitch moves its headquarters from the neighboring Union Bank Building. Publishing giant Reed Elsevier, whose name graces the top of the 22-story high-rise located at 525 B St., renewed a lease on just two [...]
Investment Fund Took $70M from 300 Investors, SEC Says
Posted by gary on March 4th, 2010
The U.S. Securities and Exchange Commission obtained a court order freezing the assets of a San Diego man and an investment fund he ran — a fund that, by the agency’s account, defrauded 300 investors of $70 million. The SEC made the announcement Aug. 20. According to the complaint filed by the SEC, Mohit A. [...]
Kaiser Cutting 1,850 Jobs Statewide, 650 in Region
Posted by gary on March 4th, 2010
Kaiser Permanente’s surprising announcement last week that it would eliminate 650 jobs in Southern California and 1,850 statewide created concerns among health care analysts, who anticipate further job losses among hospital districts as the economy takes its toll. The Oakland-based health maintenance organization, or HMO, which serves half a million members in San Diego County [...]
Unison warns to check insurance clauses on terrorism
Posted by gary on January 19th, 2010
A labor union has warned emergency services workers that they need to check their personal insurance policies to make sure that they are covered if they are injured or killed during a terrorist attack. According to Unison, a union that represents emergency service workers, says that they need to check to see if their policies [...]
American Alternative Insurance Partners
Posted by gary on November 15th, 2009
Emeryville, California, announced that American Alternative Insurance Corp. (CIAC) is the insurer of its online program Umbrella. CIAC is a subsidiary of Munich Re America Corp. and a subsidiary of Munich reinsurance America Inc. The company received an “A +” number of XV by AM Best. In addition, CWC is an admitted insurer in all [...]
