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Independent Insurance Agents And Brokers Of California

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NEWS
November 10, 1989 | KENNETH REICH, TIMES STAFF WRITER
The state's largest association of insurance agents and brokers has bitterly assailed Aetna, Cigna and four smaller insurance companies for allegedly trying to get out of the auto insurance business in California by cutting the commissions they are paying to agents, thus discouraging them from making sales. A statement issued by the Independent Insurance Agents and Brokers of California said that a year after the passage of Proposition 103, "some insurers have learned little.
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NEWS
November 10, 1989 | KENNETH REICH, TIMES STAFF WRITER
The state's largest association of insurance agents and brokers has bitterly assailed Aetna, Cigna and four smaller insurance companies for allegedly trying to get out of the auto insurance business in California by cutting the commissions they are paying to agents, thus discouraging them from making sales. A statement issued by the Independent Insurance Agents and Brokers of California said that a year after the passage of Proposition 103, "some insurers have learned little.
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CALIFORNIA | LOCAL
August 25, 1988
A panel discussion on no-fault insurance will be held at a meeting of the Saddleback Regional Chamber of Commerce at 7:30 a.m. Friday. Guest speakers will be Joseph J. Annotti, public affairs vice president of the Independent Insurance Agents and Brokers of California, and Wendell Faile, a Long Beach attorney specializing in personal injury, fraud and worker compensation cases. The meeting will be at the Holiday Inn in Laguna Hills.
BUSINESS
July 18, 1985 | BRUCE KEPPEL, Times Staff Writer
A California law making it illegal for insurance agents to shave their commissions, which can amount to as much as 60% of first-year premiums, is unconstitutional and should be overturned, Consumers Union said in a lawsuit filed Wednesday in San Francisco Superior Court.
BUSINESS
May 10, 1989 | From Associated Press
Connecticut-based Aetna Life and Casualty today imposed a moratorium on the writing of new property and casualty insurance policies in California. Aetna thus becomes the first insurance company to limit its business in the state after last week's state Supreme Court decision that upheld most of Proposition 103. The moratorium affects new policies for auto, homeowners' and commercial liability insurance, which are all covered by Proposition 103. The company will continue to renew the policies of existing customers.
REAL ESTATE
February 11, 1996
So what's a home buyer or homeowner to do in the midst of the insurance crisis? Experts offer these suggestions for dealing with the tight homeowners insurance market: * Contact the company that sells you car or life insurance. If you already do business with it, it may be more willing to sell you also homeowners insurance, even though it technically is not writing new policies. * Get in touch with an independent agent.
BUSINESS
May 14, 1987 | BRUCE KEPPEL, Times Staff Writer
The insurance industry has virtually turned its back on protecting community-service agencies, preschools run by parents and Headstart educational programs aimed at helping needy children, a panel of California insurance regulators was told Wednesday. The state Department of Insurance concluded the second of two hearings into the availability of liability insurance for specific professions.
NEWS
September 13, 1988 | KENNETH REICH, Times Staff Writer
KABC radio, which is airing a series of talk shows this week on the five insurance ballot initiatives, said Monday it is taking steps to keep the shows balanced after seeing an insurance industry letter asking its campaigners to "flood the air" with loaded questions during the programs. "We're screening calls, trying to circumvent their campaign that way," said a spokesman for show host Michael Jackson.
NEWS
September 23, 1988 | KENNETH REICH, Times Staff Writer
Breaking ranks with other insurance companies, two of the state's biggest sellers, State Farm and the Automobile Club of Southern California, said Thursday that they are withholding their support from the insurer-sponsored Proposition 106, a ballot initiative that would slash lawyers contingency fees.
NEWS
May 11, 1989 | KENNETH REICH, Times Staff Writer
Aetna Life & Casualty, the ninth-largest seller of property and casualty insurance in California, has declared a moratorium on sales to new customers of all auto, homeowners and commercial liability policies because of uncertainty about how the state will enforce Proposition 103. "We are not at present writing new policies, at least until a number of issues that were not resolved in last week's Supreme Court decision are dealt with," said Aetna...
CALIFORNIA | LOCAL
October 13, 1985 | THOMAS OMESTAD, Times Staff Writer
Child care providers in the San Fernando Valley say they welcome insurance industry efforts to help them obtain liability coverage, but are more concerned about skyrocketing premiums. The industry effort "will help those turned down for insurance," said Dorothy Beltz, who runs a day-care home in her Canoga Park residence. "But we want lower rates."
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