Yearly Archives: <span>2006</span>

8 Conn. trucker, insurer at odds over certificate

Was coverage in place at time of fatal accident? 8 Rates for D.C. taxis fall New policy length stirs competition 10 Retailers challenge Md., N.Y. benefit mandates Claim federal ERISA law trumps state and local statutes 10 Sen. Schumer hits …

By Tom Smith

The value of insurance-to-value often overlooked When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken …

Medical Protective to Lower Rates for Texas Physicians

Medical Protective, a Texas admitted medical professional liability insurer, announced today it will reduce rates another 6 percent effective July 1, 2006. This reduction comes on the heels of two other decreases in the last 12 months, reducing malpractice premiums …

Arks. Updates Rules on Insurance Company Security Deposits

The Arkansas Insurance Department issued a Bulletin in order to inform insurer licensees about changes affecting statutory deposits under Arkansas Act 506 of 2005 in the captioned areas. Changes in Deposit Requirements – Ark. Code Ann. ยง23-63-206 (Supp. 2005) grants …

Fitch Affirms Ratings for CNA

Fitch Ratings has affirmed the ‘BBB-‘ long-term issuer rating and ‘BBB-‘ senior debt ratings of CNA Financial Corporation (CNA) and the ‘A-‘ insurer financial strength (IFS) ratings of CNA’s U.S. insurance subsidiaries. A full rating list is shown below. The …

New Online Calif. Service Available for License Renewals, Address Changes

California Insurance Commissioner John Garamendi reported that a new online system that will allow licensees to renew licenses and change their address of record paper free is available. Prior to the new service, licensees filled out paper applications that were …

PCI Urging Colo. Lawmakers to Reject Insurance Data Reporting Bill

The Property Casualty Insurers Association of America (PCI) testified before the Colorado House Business Affairs and Labor Committee on Friday that legislation (HB 1330), which would impose extensive new data reporting requirement on property casualty insurers would not help consumers …

Son to Testify Against Parents In Mich. Arson Trial

A Kalamazoo man who police say was part of a family scheme to burn down a mobile home, then collect the insurance money, is set to testify against his parents at trial, according to a report by the Coalition Against …

AIG Severs Ties with C.V. Starr; Expands Own Global Energy Unit

American International Group, Inc. announced Friday that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency, Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr & Co., Inc. C.V. Starr is run by AIG’s …

Sunshine State Insurance Co. Makes Several Promotions

Three veteran underwriting executives — Michael Solano, Robert Thomas, and Michael Weis — have been promoted to assistant vice president at Sunshine State Insurance Company (SSIC). Sunshine State is a writer of homeowners’ insurance and related lines in Florida. The …