Monthly Archives: <span>July 2005</span>

Highway Bill Includes Drunk Driving, Seat Belt Safety Provisions

Auto safety groups said that a highway and transit bill approved by Congress would help deter drunken driving, encourage states to pass primary seat belt laws and lead to safer vehicles. The safety provisions, part of a massive $286.4 billion …

Va. GOP Claimed It Had No Insurance, Democrats Allege

Virginia Democrats said last week that the state Republican Party misled them when the GOP claimed in response to the Democrats’ eavesdropping lawsuit it had no insurance to cover damages in the case. The Republican Party of Virginia sued its …

Insurers Sue Security Firm for Hiring Alleged Md. Arsonist

The insurers for the company building the Hunters Brooke development in Charles County, Maryland have filed a lawsuit against the security firm that employed one of the men who allegedly set fire to the subdivision last December. The suit, filed …

Vt. Creditors of Failed Ambassador Insurance Awarded $120 Million

A federal jury last week awarded Vermont’s insurance commissioner $119.9 million to distribute to creditors of the Ambassador Insurance Co., which failed more than two decades ago. The verdict, which came after less than a day of deliberations, is the …

Fla. Officials Put Wraps on Workers’ Comp Sweeps; 100 SWOs Written to State Employers

Investigators from Florida’s Department of Financial Services Division of Workers’ Compensation announced the results of a recent two-day sweep of construction sites in the state. Officials said 848 site visits were made during the sweeps resulting in 100 stop work …

California Auto Repair Dealers Bill Temporarily Stalled

A California bill allowing vehicle owners to authorize their insurer to act on their behalf to arrange automobile repairs to their insured vehicle is, for all practical purposes, in the repair shop until 2006. After a heated debate in the …

N.Y. Raises Minimum Age for Boating Operators to 14

New York Gov. George Pataki has signed into law legislation intended to increase safety on New York’s waterways by increasing the minimum age of those allowed to operate personal watercraft to 14 years old. Current law requires any person between …

WCIRB Proposes 5.2 Percent Decrease in Pure Premium Rates

On July 28, the WCIRB submitted a Regulatory Filing to the California Department of Insurance recommending an average 5.2 percent decrease in advisory pure premium rates to be effective on policies incepting on or after Jan. 1, 2006. In addition …

Colorado Lawmakers Say They Have No Plans to Return to No-fault Auto

State lawmakers said July 27 they have no plans to return Colorado to no-fault auto insurance, but they questioned the savings claimed by state regulators in switching to a system that puts the financial burden for accidents on the driver …

Latin Insurance Agents Schedule Two CE P/L Courses in August, September

Two continuing education courses, “An Introduction to Property and Liability Insurance,” and “Property and Liability Insurance Principles,” are scheduled in August by the Latin American Association of Insurance Agencies in Miami. Aug. 10 is the deadline to register for the …