Yearly Archives: <span>2006</span>

Farm Bureau gets OK to Hike Homeowners Rates in La.

Roughly 70,000 homeowners in areas hard hit by Hurricane Rita will face insurance hikes of 49 percent that were approved by Louisiana state regulators. The increase affects Louisiana Farm Bureau policyholders. The increase will allow the company to raise $30.6 …

Insurance Educational Association Forecasts the Future

The Insurance Educational Association and Chartered Property Casualty Underwriters Society’s (CPCU) Mt. Diablo chapter will be hosting its 7th Annual Educational Forum, “Forecasting the Future,” on Thursday, April 6, 2006. The forum is available for three continuing education credits toward …

Cosco Joins Heartland Marketing Group

Dallas, Texas-based Heartland Marketing Group Inc. announced the addition of Nicole Cosco as a commercial lines production underwriter. Her responsibilities will include assisting agents in the placement of standard lines business with carriers such as The Hartford, Safeco, St. Paul/Travelers, …

Regulators Adopt Model Criminal History Record Check

The National Association of Insurance Commissioners’ (NAIC) Market Regulation & Consumer Affairs (D) Committee recently adopted the Authorization for Criminal History Record Check Model Act during the NAIC Spring National Meeting. The Act provides the basic regulatory framework for the …

Agency Technology Summit to Teach Ga. Agents About Latest Hi-Tech Tools

An inside look at how to operate an agency more efficiently using technology will be presented March 28 during an “Agency Technology Summit” conducted in by Andy Siegel in Doraville, Ga. The Independent Insurance Agents of Georgia is sponsoring the …

N.Y. Charges Boxer in Family-Run Staged Accident Scam

A boxer was charged this week with fraud, accused days before a big fight of participating in a family ring that staged minor car crashes and made false insurance claims. Frank Houghtaling, his brother, sister-in-law, father, wife and another woman …

Maine Gov. Baldacci Proposes Self-Insurance for Dirigo Health Plan

Maine Gov. John Baldacci this week proposed a major change in the structure of Dirigo Health, his prized program which is developing into one of the most contentious issues in the young gubernatorial campaign. Baldacci wants to authorize Dirigo’s board …

Del. Nixes Medical Malpractice Subsidies for High Risk Doctors

A Delaware House committee has tabled a bill that would allow the state to use a portion of the Delaware Blue Cross system’s excess reserves to subsidize malpractice insurance premiums for doctors in high-risk specialties. The bill, which passed the …

St. Paul Travelers Mobilizes Cat Response Team in Midwest

St. Paul Travelers has deployed its Catastrophe Response Team to assist policyholders affected by the severe tornadoes and hailstorms in Illinois, Kansas and Missouri, according to a written statement issued by the company. In addition to catastrophe claim specialists, St. …

Calif. Truck Driver Pulled Over for Falsifying Insurance Claim

California Insurance Commissioner John Garamendi reported the arrest of Jesus Lerma, 51, from Riverside, after an investigation by the California Department of Insurance (CDI) Fraud Division revealed that it was not him, but his nephew, who was allegedly the driver …