Yearly Archives: <span>2006</span>

Keeping tabs on transparency

“In life there are lines that shouldn’t be crossed — but when they are, great drama is born.” Quoting from the “Desire Under the Elms” playbill at the Lesher Regional Center for the Arts in Walnut Creek, Calif., Paul Sachs, …

Blackmail allegations heat up California auto reforms debate

In public issue campaigns, it is normal to alert someone who runs a department that is going to be a target of campaign. That is how business is done,and it happens on a regular basis. John Garamendi has called for …

Business Moves

Odyssey Investment, York Insurance Services Odyssey Investment Partners LLC completed its acquisition of York Insurance Services Group Inc. in partnership with York Chairman and CEO Thomas C. MacArthur, other members of York’s senior management and Cincinnatus Partners LLC, a Cincinnati-based …

Alaska Legislature rejects self-insurance bill as session comes to end

News Currents Alaska legislators concluded the 2006 regular session this month and in the final hours rejected a bill opposed by insurers that would have encouraged more employers to self-insure for workers’ compensation. Legislators also declined to pass a measure …

Top 10 vehicle theft areas

1. Modesto, Calif. 2. Las Vegas/Paradise, Nev. 3. Stockton, Calif. 4. Phoenix/Mesa/Scottsdale, Ariz. 5. Visalia/Porterville, Calif. 6. Seattle/Tacoma/Bellevue, Wash. 7. Sacramento/Arden-Arcade/Roseville, Calif. 8. San Diego/Carlsbad/San Marcos, Calif. 9. Fresno, Calif. 10. Yakima, Wash.

Agents hail passage of tax legislation

The Senate has passed a conference report on the bill, the Tax Increase Prevention and Reconciliation Act, last month on the heels of House passage a day earlier. The tax-cut bill, supported by independent insurance agents and brokers, will extend …

Mercury Posts Lower Q1

Los Angeles-based Mercury General Corp. reported slightly lower net income for the first quarter of 2006 —$58.6 million, or $1.07 per share (diluted), compared with $60.4 million, or $1.10 per share (diluted), in Q1 2005. It noted the figure includes …

West leads nation in car theft; Auto theft declines for second straight year

News Currents Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that for calendar year 2005, the West, and particularly California, leads the nation in auto theft. All of the nation’s top 10 areas with the highest vehicle theft rates …

Americans increasingly traveling overseas for cheaper surgeries

Americans looking to save money on medical procedures are increasingly traveling overseas for surgeries not covered by their insurance to avoid costly hospital stays in the U.S. The trend is being driven by rising health care costs and frustrated ranks …

Hawaii working to improve business climate for insurers

News Currents Hawaii is working to improve business conditions for insurers, brokers and agents, according to Jeffrey P. Schmidt, the state’s insurance commissioner. Schmidt recently addressed a crowd at the opening breakfast at the 80th annual meeting of the American …