Yearly Archives: <span>2006</span>

People

Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds Gerry Wilson, who will continue to serve the company as co-chairman …

MASS. HEALTH HISTORY

BEACON MUTUAL Q&A Jobs and more on the line AGENTS PRO & CON On federal charter Northeast states’ civil systems fare well How small agencies can acquire others

10 States balk at federal preemption trend

More rules and laws seek to usurp states’ authority 14 Contingent fees become focus of R.I. lead case Should states contract with outside lawyers to sue? 14 Northeast states’ civil systems fare well in rankings U.S. Chamber of Commerce rates …

Northeast states fair well in legal system fairness rankings by Chamber of Commerce

Northeast states fared fairly well in the latest U.S. Chamber of Commerce ranking of states’ civil justice systems, with several in the top 10 favorites. The survey ranks states from best to worst on legal fairness based on a survey …

Safeco weighs Internet sales of auto insurance

Seattle-based property and casualty insurer Safeco is considering direct marketing its automobile insurance business over the Internet to reach additional consumers that don’t like to deal with a middle-man and purchase insurance through agents. According to Paul Hollie, Safeco spokesman, …

Agencies move beyond strategy toward practical real-time rating

Given the pace of today’s technological developments, it is often difficult for agency principals to know where to get the most bang for their buck. As most agency principals know, it is important to take a strategic approach when it …

Contingent fees become focus in R.I. lead paint case

News Currents Former makers of lead paint went before the Rhode Island Supreme Court in Providence recently to prevent the state from honoring a contract with its private lawyers that is potentially worth tens of millions of dollars. A jury …

N.Y. kills ‘draconian’ agent penalties

Insurance agents have succeeded in removing from the New York State budget a provision to substantially boost fines against insurance professionals. The proposal would have increased fines from $1,000 for the first violation and $2,500 for each subsequent violation to …

News Currents

States balk at growing trend of federal preemption State lawmakers point to 72 bills or amendments that would step on the toes of state policy makers The federal versus state insurance regulation debate just beginning to heat up in Washington …

PUERTO RICO’S COUNTER-SIGNATURE LAW UPHELD

The U.S. Court of Appeals for the First Circuit has refused to overturn a ruling striking down Puerto Rico’s controversial countersignature law that required non-resident commercial insurance brokers to have the countersignature of a Puerto Rico resident agent before they …