Yearly Archives: <span>2005</span>

American Agents Alliance Opposes SB 20 Despite Amendments

American Agents Alliance Executive Director Ken Nigohosian says the association will maintain its opposition to Senate Bill 20 (Escutia), despite recent amendments to the bill. SB 20 would mandate the continuance of California’s low-cost automobile insurance pilot program beyond the …

National Advantage Ins. Enters Nevada

Clifford Mapes, president and CEO of Tustin, Calif.-based National Advantage Insurance Services Inc., recently announced that he has been appointed and approved for writing several of his popular insurance products in the state of Nevada. Nevada agents will now have …

Calif. Supreme Court Rejects Third Lawsuit Against Workers’ Comp Issues

Yesterday, the California Supreme Court denied the writ of mandate in a case filed by a group sponsored by the California Applicant Attorneys’ Association, the American Insurance Association reported today. The case challenged the permanent partial disability regulations promulgated by …

W.Va. Insurance Commission Preparing to Oversee Workers’ Compensation

The West Virginia Insurance Commission is preparing for Jan. 1, 2006, when it will be responsible for the state workers’ compensation system, as the West Virginia Workers’ Compensation Commission ceases to exist and becomes the West Virginia Employers’ Mutual Insurance …

Beazley’s New U.S. Insurance Company Earns Best’s Rating of A-

A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of “a-” to Beazley Insurance Company, Inc. (BICI) (Omaha, NE), a newly formed U.S. insurer that is part of the Beazley Group, plc …

Willis: Gains for D&O Policyholders Figure to Continue

The last three months have witnessed a period of stability and consolidation in overall capacity of the directors and officers market. Premium rates, however, continue to reduce and brokers continue to drive improved coverage terms. New and upcoming legislation in …

Borisoff Joins Countrywide Insurance as President of Commercial Lines

Countrywide Insurance Group has announced that Brett Borisoff has joined the organization as president of Countrywide Insurance Services Inc.’s commercial insurance division. Borisoff will run the commercial division of the full service insurance agency/brokerage and lead the effort to expand …

Va. Agents Warned to Adhere to State’s Fee Disclosure Law

Virginia insurance agents might not have to worry about a new far-reaching compensation disclosure law as do agents in some other states, but they should pay attention to laws already on the books, the state’s chief licensing officer recently warned. …

Citizens/Hanover Touts Multi-Variate ‘Connections Auto’ as Winner

The Citizens and Hanover Insurance Companies’ new Connections Auto, a state-of the-art, multi- variate auto product with greater customer segmentation capabilities, is off to a strong start in its initial launch states. Connections Auto provides Citizens and Hanover’s independent agent …

Okla. Commissioner Adds Staff

Oklahoma Insurance Commissioner Kim Holland announced two new members to the Oklahoma Insurance Department staff. Jennifer Burchett was hired as legislative liaison. Burchett graduated with a bachelor’s degree in letters from the University of Oklahoma and obtained a law degree …