Yearly Archives: <span>2006</span>

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 …

Chartered Property Casualty Underwriters to share tips on being successful

On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will host a meeting featuring motivational speaker Betsey Brewer, senior vice president of The Rule Co., speaking on “Supersize Your Borders.” Brewer is the CPCU Society’s …

Case Law Watch

Additional Insureds Equilon Enterprises, LLC v. Great American Alliance Insurance Company (Washington Court of Appeals, Apr. 3, 2006) (Unpublished) Ruling: A wholesale distributor of fuel had contracted with a supplier of fuel to buy the fuel and distribute it to …

Editor’s Note: Tax reform, no catastrophe relief

The Texas Legislature concluded its recent special session by passing school finance and property tax reform—finally. After two regular sessions and four special sessions, Texas lawmakers were able to set aside their differences and do right by the state in …

Survey reveals ‘top 10 pet peeves of the road’

With more than 30 million Americans expected to hit the road this Memorial Day weekend, the Traverse City, Mich.-based Hagerty Collector Network surveyed thousands of members nationwide to uncover America’s “Top 10 Driving Pet Peeves.” According to Hagerty, the survey …

Study: Tort reforms reduce med-mal premiums

Tort reforms are the best proven instrument for reducing medical liability insurance premium growth, according to a new study conducted by Stanford University Professor Daniel P. Kessler, JD, PhD, who also serves as a research associate for the National Bureau …

News Currents

Hurricanes spawn E&O troubles for insurance producers With regard to potential errors and omissions claims against insurance producers in Louisiana arising out of Hurricanes Katrina and Rita, three main coverage areas are emerging as being particularly vulnerable: the wind vs. …

The appeal of new alternatives for agribusiness

Alternative and agro-tourism enterprises are allowing farmers and ranchers to earn higher profits by replacing or supplementing traditional farm operations with innovative on-farm or on-ranch ventures, according to Kiki Chvosta and Bonnie Reed of Allied Insurance/ Nationwide. As a result, …

People

Texas Mutual Insurance Company appointed Larry Wagner as its new vice president of underwriting. Wagner will serve as chief underwriting officer and will oversee loss prevention efforts. Wagner has 30 years of underwriting experience with a focus on workers’ compensation …

Business Moves

Pierson & Fendley, CAA Combined Agents of America LLC, Austin, announced that Pierson & Fendley Insurance Agency LLC of Paris, Texas, joined CAA as the group’s 34th member. Pierson & Fendley has served Paris and surrounding areas for over 70 …