Business News
KELSEYVILLE, Calif. – A seminar for Lake and Mendocino County winegrape growers will be held on Tuesday, Jan. 8, from 9 to 11:30 a.m. at The Lodge at Blue Lakes in Upper Lake.
The purpose of the seminar is to provide information to winegrape growers that are interested in learning how crop insurance can lower farming risk.
Speakers include:
– John Aguirre, president, California Association of Winegrape Growers;
– Katie Delbar, Mendocino-Lake County executive director, USDA Farm Service Agency;
– Jeff Yasui, director of the Davis Regional Office, USDA Risk Management Agency;
– Greg Merrill, CIC, AFIS, executive vice president, Pan American Insurance Services;
– John Fremoire, vice president, Regional Claims – Crop, NAU;
– John Wienstroer, vice president, Branch Operations, NAU.
Speakers will provide valuable details so growers can make informed decisions in advance of the Jan. 31 deadline to sign up for coverage for the 2019 crop year.
The seminar is presented by Allied Grape Growers, California Association of Winegrape Growers, Pan American, Lake County Farm Bureau, Lake County Winegrape Commission, Mendocino County Farm Bureau, Mendocino WineGrowers Inc. and NAU Country.
Advance registration is required. Growers may reserve a space by visiting http://bit.ly/ins-seminar.
For more information, contact the Lake County Winegrape Commission at 707‑279‑2633.
The purpose of the seminar is to provide information to winegrape growers that are interested in learning how crop insurance can lower farming risk.
Speakers include:
– John Aguirre, president, California Association of Winegrape Growers;
– Katie Delbar, Mendocino-Lake County executive director, USDA Farm Service Agency;
– Jeff Yasui, director of the Davis Regional Office, USDA Risk Management Agency;
– Greg Merrill, CIC, AFIS, executive vice president, Pan American Insurance Services;
– John Fremoire, vice president, Regional Claims – Crop, NAU;
– John Wienstroer, vice president, Branch Operations, NAU.
Speakers will provide valuable details so growers can make informed decisions in advance of the Jan. 31 deadline to sign up for coverage for the 2019 crop year.
The seminar is presented by Allied Grape Growers, California Association of Winegrape Growers, Pan American, Lake County Farm Bureau, Lake County Winegrape Commission, Mendocino County Farm Bureau, Mendocino WineGrowers Inc. and NAU Country.
Advance registration is required. Growers may reserve a space by visiting http://bit.ly/ins-seminar.
For more information, contact the Lake County Winegrape Commission at 707‑279‑2633.
- Details
- Written by: Elizabeth Larson
SACRAMENTO – California Insurance Commissioner Dave Jones has released a report detailing the results of the multi-state investigation of life insurance companies' failure to use the Social Security Administration's "Death Master File," or DMF, to pay life insurance benefits owed to beneficiaries.
The report reveals that the investigation initiated by Jones with five other insurance commissioners in 2011 has resulted in life insurance companies paying out nearly $10 billion in life insurance benefits owed to beneficiaries across the United States, and of that more than $1 billion alone has been paid to California beneficiaries.
"One of the most important and far reaching actions during my term as Insurance Commissioner has been our investigation of life insurance companies' failure to use the Death Master File database to identify life insurance policyholders who had died and whose beneficiaries were owed payments," said Jones. "Nearly $10 billion in life insurance benefits have been paid to beneficiaries across the United States as a result of our investigation and enforcement efforts, demonstrating once again the importance of strong regulatory actions by insurance commissioners to protect consumers."
Commissioner Jones led the National Association of Insurance Commissioners multi-state insurance commissioners' investigation into life insurers' use of the DMF database, which was initiated after it was discovered life insurers used the DMF database to their benefit to identify deceased annuity holders, so they could stop making annuity payments to them, but failed to use the database to identify deceased life insurance policyholders and failed to pay benefits to their beneficiaries.
In February 2012, Commissioner Jones announced the first of many DMF regulatory settlement agreements with life insurers.
The settlement agreement required the life insurer to check the DMF to determine whether any of its historical and existing life insurance policyholders, owners of annuities, and holders of retained asset accounts have died, and then to search for and pay their beneficiaries, and to routinely check the DMF and pay beneficiaries on an ongoing basis.
To date, insurance commissioners have reached regulatory settlement agreements with or concluded the investigation of 31 of the top 40 life insurance companies, constituting more than 80 percent of the total life insurance market, based on market share.
The report reveals that the investigation initiated by Jones with five other insurance commissioners in 2011 has resulted in life insurance companies paying out nearly $10 billion in life insurance benefits owed to beneficiaries across the United States, and of that more than $1 billion alone has been paid to California beneficiaries.
"One of the most important and far reaching actions during my term as Insurance Commissioner has been our investigation of life insurance companies' failure to use the Death Master File database to identify life insurance policyholders who had died and whose beneficiaries were owed payments," said Jones. "Nearly $10 billion in life insurance benefits have been paid to beneficiaries across the United States as a result of our investigation and enforcement efforts, demonstrating once again the importance of strong regulatory actions by insurance commissioners to protect consumers."
Commissioner Jones led the National Association of Insurance Commissioners multi-state insurance commissioners' investigation into life insurers' use of the DMF database, which was initiated after it was discovered life insurers used the DMF database to their benefit to identify deceased annuity holders, so they could stop making annuity payments to them, but failed to use the database to identify deceased life insurance policyholders and failed to pay benefits to their beneficiaries.
In February 2012, Commissioner Jones announced the first of many DMF regulatory settlement agreements with life insurers.
The settlement agreement required the life insurer to check the DMF to determine whether any of its historical and existing life insurance policyholders, owners of annuities, and holders of retained asset accounts have died, and then to search for and pay their beneficiaries, and to routinely check the DMF and pay beneficiaries on an ongoing basis.
To date, insurance commissioners have reached regulatory settlement agreements with or concluded the investigation of 31 of the top 40 life insurance companies, constituting more than 80 percent of the total life insurance market, based on market share.
- Details
- Written by: California Department of Insurance
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