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

Sierra Reports 2Q 2005 Earnings of $1.01 Per Diluted Share

Las Vegas-based Sierra Health Services Inc. reported that net income for the quarter ended June 30, 2005 was $33.8 million or $1.01 per diluted share, compared to $38.2 million or $1.10 per diluted share for the same period in 2004. …

Hurricane Sales Tax Measure Dies in Alabama; Sponsors Pledge to ‘Try Again Next Year’

Although an effort was mounted during Alabama Legislature meetings in Montgomery to grant a sales tax break on necessary supplies to prepare for a hurricane, the measure was not passed, but its sponsor Rep. Spencer Collier, R-Irvington, promises to try …

Recovering from ID Theft Can Be Difficult, Costly, Victims Report

Twenty-eight percent of identity theft victims indicate they have not been able to restore their identities, despite averaging more than a year trying. Results of a survey of 1,097 identify theft victims by Nationwide Mutual Insurance Co. also shows victims …

Pacific Insurance Conference in October to Seek ‘Pathways to Success’

The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and directing roundtable workshops examining “Pathways to Success in …

Leonard Joins First Notice Systems as Vice President

First Notice Systems, Inc., a claim-reporting firm for the insurance industry, has appointed Mark Leonard to the position of vice president, account management. Leonard will head the company’s strategic account management team to manage and grow the company’s client base. …

NAMIC Questions “Black Box” Laws in N.D., Other States

Provisions in laws regulating event data recorders (EDRs or auto “black boxes”) could negatively impact the underwriting prerogatives of auto insurers, the National Association of Mutual Insurance Companies (NAMIC) has concluded in a new report to its member companies. In …

Pa. Supreme Court Holds Building Collapse Coverage Ambiguous

The Pennsylvania Supreme Court has held that property insurance coverage for the “collapse” of a building is ambiguous and should be construed in favor of policyholders. The court granted coverage in instances where collapse is imminent. Chief Justice Cappy, writing …

Bill Gunter Elected to Florida Assoc. of Insurance Agent’s Board of Directors

Bill Gunter has been elected to the board of directors of the Florida Association of Insurance Agents in Tallahassee, Fla. Gunter is chairman and chief executive officer of Rogers, Gunter, Vaughn Insurance Inc., a Tallahassee-based independent insurance agency. The agency, …

Safeco Stops Writing New P/L Property Policies in Fla.; Will Stop Renewing Them in 2006

As of July 26, Safeco stopped writing new personal property policies in Florida and has notified the Florida Office of Insurance Regulation that at the beginning of 2006, it plans to stop renewing personal lines property policies held by current …

Ark. AG: New Service Provides Credit Protection for Deployed Troops

Attorney General Mike Beebe issued a consumer alert regarding a new service available to help military personnel protect their credit records while they are deployed around the world protecting their fellow Americans. All members of the military may now request …