Yearly Archives: <span>2006</span>

Insurers pleased as Colorado General Assembly keeps auto system intact

The Colorado General Assembly adjourned its concluding session, which the Property Casualty Insurers Association of America (PCI) said was marked by the defeat of a wide variety of legislation that would have forced consumers to pay higher insurance premiums and …

New Markets

Printers’ Errors & Omissions Nuts & Bolts: The Hartford’s new printers’ errors and omissions coverage form pays the insured’s legal liability for an economic loss resulting from a negligent act, error or omission in connection with printing services performed by …

Fraud Roundup

w_160_fraudroundup.xtg TITLE: Fraud Roundup California chiropractor and legal assistant plead no contest to fraud An Encino, Calif., chiropractor Nasrin “Nancy” Hadizadeh Fathi, 43, and legal assistant Behrouz Beck Saffary, 51, have pled no contest and were found guilty of one …

Hawaii working to improve business climate for insurers

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 Association of …

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 …

A tale of two New Orleans hotels

If there’s anything to be learned from last year’s hurricanes Katrina, Rita and Wilma, it’s that the value of relationships before, during and after a claim is immeasurable, according to Mel Bangs, director of risk management for Irving, Texas-based Omni …

Montana State Fund to remain in Helena

The Montana State Fund board of directors has decided to keep its headquarters and roughly 300 employees located in Helena. Miles City leaders asked the State Fund, which runs workers’ compensation insurance for the state, to consider a move to …

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

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 are in …

Investor insights

Today, it’s not a fun time to be an insurance investor or analyst,” said Ray Joseph, vice president of Los Angeles-based Capital Research Co. Joseph should know; he is an investment analyst with research responsibilities for American large-capitalization insurance companies. …

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 …