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[3] California Insurance Code §790-790.15 states that the insurer has an obligation to attempt "in good faith to effectuate prompt, fair, and equitable settlements of claims in which liability has become reasonably clear." [4]
In 1914 Carl G. Brown, Sr. started California Casualty Indemnity Exchange as a customer-owned company offering workers' compensation insurance to California's new and growing industries. The company was based on Carl G. Brown, Sr.’s high ethical standards and business integrity.
For example, in California indemnification clauses do not cover certain risks unless the risks are listed in the contract, but in New York, the brief clause, "X shall defend and indemnify Y for all claims arising from the Product" makes X responsible for all claims against Y. [13] Indemnity can be extremely costly since X's liability insurance ...
California lawmakers have created a wildfire insurance fund with access to $21 billion that is meant to ensure that Southern California Edison remains solvent and victims' claims are paid in full.
AXA Equitable Life Insurance Company [26] Bankers Life and Casualty Company [27] Berkshire Hathaway [28] Brotherhood Mutual Insurance Company [29] Burns & Wilcox; CareSource [30] Chubb Corp [31] Citizens Property Insurance Corporation [32] CNA Financial [33] CNO Financial Group [34] Colonial Life & Accident Insurance Company [35] Combined ...
Its budget is primarily derived from funds generated by license fees, assessments, and Proposition 103 recoupment fees. The CDI licenses over 1,500 insurance companies and more than 320,000 insurance agents and insurance brokers in the state of California, United States. The current California Insurance Commissioner is Ricardo Lara.
California’s eco-bureaucrats halted a wildfire prevention project near the Pacific Palisades to protect an endangered shrub. It’s just the latest clash between fire safety and conservation in ...
Equitable Holdings, Inc. (formerly The Equitable Life Assurance Society of the United States and AXA Equitable Life Insurance Company, and also known as The Equitable) is an American financial services and insurance company that was founded in 1859 by Henry Baldwin Hyde. In 1991, French insurance firm AXA acquired majority control of The ...