Monthly Archives: <span>March 2006</span>

Fla. Delegation to Discuss Key Issues, Attend Washington, D.C. Summit

The Professional Insurance Agents of Florida has announced that a seven-member delegation including Mark O’Connell, president, will participate in PIA’s 2006 Federal Legislative Summit and voice their opinions about key issues to members of the U.S. Congress in Washington, D.C. …

P/C Insurers Comment on Repeal of Tort Doctrine

The Florida Legislature took another important step toward making its civil justice system more equitable by repealing the doctrine of joint and several liability, according to the Property Casualty Insurers Association of America. Joint and several liability provisions allow a …

Colorado Cites Lawsuit for Big Jump in Insurance Costs

Liability insurance costs for Colorado’s athletic department will double next year to nearly $1.7 million, and officials say the reason is a lawsuit by two women who allege they were sexually assaulted by athletes. The suit has been dismissed but …

Galveston, Texas, Schools Boost Insurance to Brace for Storms

The Galveston, Texas, school board voted to triple its insurance payments to keep up with higher rates for windstorm coverage. With hurricane season approaching, the coastal district will pay $1.3 million in premiums to cover about two-thirds of its assets. …

Okla. Agent Allegedly Fails to Remit Tornado Victims’ Premiums

The Oklahoma Insurance Department suspended a Locust Grove, Okla., insurance agent’s license for failing to send in premium payments for several victims of this month’s tornado in Delaware County, the Associated Press reported. Oklahoma Insurance Commissioner Kim Holland will forward …

Mich. State Representative and Siblings Sued by Federal Government

A federal lawsuit filed against a Michigan state representative and three of his siblings accuses them of converting the proceeds of their father’s two life-insurance policies to their own use, thereby subverting tax liens that had been placed on the …

Texas Businesses Studying Governor’s Proposed Tax Structure

As the owner of his family’s 28-year-old company, Kurt Summers is one of the few Texas businessmen that pay state business taxes. The roughly $8,000-a-year that he pays on Austin Generator Service is a tax that Gov. Rick Perry recently …

St. Louis, Mo.’s First Bank to Acquire Adrian N. Baker & Co.

First Bank, a Missouri state chartered bank and wholly owned subsidiary of First Banks Inc. headquartered in St. Louis, Missouri, and Clayton, Mo.-based insurance brokerage Adrian N. Baker & Company, announced that First Bank will acquire Adrian Baker as part …

Fla. Agents Urged: ‘Preserve Consumer Choice’

If a takeout company removes a policyholder’s coverage from Citizens Property Insurance Corporation, Florida’s insurer of last resort, Consumer Choice legislation enacted in 2001 says consumers can keep their agent. Agents attending the Florida Association of Insurance Agent’s March 29 …

Oswald Companies Exec. Recognized as Service Leader in Midwest

David Kulchar at Cleveland, Ohio-based Oswald Companies has been listed as one of the “Most Successful Retirement Plan Advisors” in the Midwest region, according to PLANSPONSOR magazine. Established in 1893, Oswald Companies provides value-added products and services in risk management, …