N.Y. Embezzler May Miss Jail
Fallen insurance agent Albert W. Lawrence may miss out on jail time due to the fact that he is a very sick man. According to reports in New York’s Times Union, a federal prosecutor claims Lawrence, 72, who had been …
Forum for Independent Agents Addresses Privacy
The Chartered Property Casualty Underwriters will host its annual scholarship forum, “Privacy, Problems, Predictions, Pundits,” on May 3 at the Amica Insurance Company Amphitheater in Lincoln, R.I. The discussion will focus on privacy matters in relation to the Gramm-Leach-Bliley (GLB) …
Phoenix Reports Highest Rate of Car Thefts in Nation
Based on FBI statistics, the National Insurance Crime Bureau (NICB) said the Phoenix area reported 979 auto thefts for every 100,000 of its residents last year–the worst rate in the nation. Phoenix is the nation’s sixth-largest city, with more than …
Producer Licensing Bill Under Consideration In Hawaii
Hawaii’s Joint Senate-House conference committee is considering SB 1068, a bill aimed at modernizing Hawaii’s licensing law by streamlining the licensing process and increasing national licensing uniformity. The National Association of Independent Insurers (NAII) urged the committee to adopt SB …
Sheffey Encourages Insurance Regulators to
Steve Sheffey, counsel for Allstate Insurance Company, informed insurance regulators at an April 24 speech in Scottsdale, Ariz., that they need to keep pace with gains in the technology field by forming regulation that reflects consumers’ ability to make the …
IIAA Names New Executive V.P. and General Counsel
Independent Insurance Agents of America President William F. Hofmann III announced Debra L. Perkins as the new executive vice president and general counsel of IIAA. Perkins, former IIAA senior vice president and a general counselperson, will retain her general counsel …
Independent Agents to Descend on
More than 600 independent insurance agents will take over the nation’s capital for several days next week as the 25th Annual National Legislative Conference convenes May 2-4 at the Grand Hyatt Hotel in Washington, D.C. Slated to address the Independent …
Iowa Suffers More Flooding
Flood waters were expected to roll down the Mississippi River and reach Davenport, Iowa, late Tuesday. The peak crest may be between 22 and 22.5 feet, which will be just short of the 1993 record of 22.6 feet. Davenport is …
Prudential plc To Acquire Allstate Life Business in The Philippines, Indonesia
Britain’s Prudential plc will further expand its operations in Asia with the acquisition of Allstate’s majority holdings in two life insurance companies in The Philippines and Indonesia. Allstate said it was selling its interest in Pt Asuransi Jiwa, Indonesia and …
ABI Members Won’t Use Genetic Tests
The ongoing controversy in the U.K. over the use of genetic testing by the insurance industry took a new turn on Tuesday with the announcement by the Association of British Insurers that its members will not use genetic testing in …