Yearly Archives: <span>2006</span>

Why are construction managers difficult to insure?

When building or remodeling a house, homeowners often will turn to their construction manager to assist in overseeing building, recommending and selecting bidders, and securing permits. The construction manager will likely be faced with a multitude of tasks. And for …

Mostly A-OK with IIAOK

Surplus lines laws, uninsured drivers and the broadening of banking powers top the Indepen-dent Insurance Agents of Okla-homa’s list of key issues for its 2006 legislative agenda according to Dan Ramsey, the association’s president and chief executive officer. The association …

COALITION AGAINST INSURANCE FRAUD LISTS 2005’s WORST INSURANCE CON ARTISTS

Coalition Against Insurance Fraud lists 2005’s worst insurance con artists Scalpel-wielding surgeons and klutzy grave robbers were among the eight worst insurance swindlers of 2005, according to the Coalition Against Insurance Fraud. Elected to the Insurance 2005 Fraud Hall of …

Ark. shooting not covered by insurance policy

An auto insurance company does not have to defend a customer in St. Francis County who, while sitting in his pickup truck, shot another person through the wall of a house, the Arkansas Court of Appeals has ruled. Judges reversed …

Texas, Louisiana surplus lines premium decreases in 2005

Insurance Journal South Central–Arkansas, Louisiana, Oklahoma and Texas–vary widely in the amount of premium written in any given year. Texas has the biggest surplus lines market, followed by Louisiana, Oklahoma and then Arkansas. While the Arkansas market is small, it …

Hurricane fatigue

One decried a system in which wealthy waterfront property owners are being subsidized by less affluent property owners and taxpayers: “If the state is going to continue to attract new residents, it will have to make them pay for the …

People and Places

Charles F. Taylor, CPCU, ARe, has joined ISU International as regional sales manager in ISU’s Indianapolis office, announced T.J. Ryan, III, president. The ISU Group is a national network comprised of 90 select agencies. All of the member offices remain …

AIG settles with Michigan for more than $5.2 million

Attorney General Mike Cox reported that American International Group Inc. and its subsidiaries (AIG) have paid more than $5.2 million to the state of Michigan, representing the underpayment, with interest, of workers’ compensation premium taxes and related fees and assessments …

Wausau Signature Agency unveils new Employee Benefit Division

Wisconsin-based Wausau Signature Agency has unveiled its new Employee Benefits Division with comprehensive sales, marketing and service capabilities to fully complement its traditionally-strong property and casualty products and services. Rod Flanders has been named as the WSA vice president-Employee Benefits. …

Agents: Federal proposal will be Trojan horse for optional federal charter

The National Association of Professional Insurance Agents recently reaffirmed its opposition to any proposals that call for a so-called “optional” federal charter for insurers. “Those who want to dismantle state regulation of insurance and replace it with a federal government …