Yearly Archives: <span>2007</span>

Surplus Lines Rules Clarified for Calif. Retail Agents

California retail agent-brokers not transacting insurance on behalf of surplus line broker organizations are not required to follow a new law affecting surplus lines brokers, the California Department of Insurance confirmed. CDI clarified the requirements of the new law after …

Inland Marine Underwriters Host Seminar in Chicago

The Inland Marine Underwriters Association’s (IMUA) Chicago-based Midwest Advisory Committee recently announced it will present a morning seminar, entitled “Questions You Always Wanted to Know the Answers to about Jobsite Management but Were Always Afraid to Ask,” on Wednesday, Oct. …

Simplicity, Graco Cribs Recalled After 3 Infant Deaths

About 1 million Simplicity and Graco cribs have been recalled after three children became entrapped and suffocated. The recall was announced by the Consumer Product Safety Commission, more than two years after a California lawyer says he alerted the federal …

N.Y. Unveils Plan to Give Illegal Immigrants Drivers’ Licenses

New York State officials say a plan to provide driver’s licenses to illegal immigrants with valid foreign passports will enhance security by creating records of their identities. But critics say those records could compromise security instead. New York has between …

Study: Washington’s Referendum 67 Could Cost Consumers $650 Million

Referendum 67, a heavily debated law that would allow consumers to collect triple damages if their insurer unreasonably denies a claim or violates unfair practice rules, is expected to raise insurance rates for Washington businesses and families by as much …

OSHA Fines 4 Construction Companies for Texas Worksite Death

The U.S. Department of Labor’s Occupational Safety and Health Administration (OSHA) fined four construction companies $119,550 following an investigation into fatality at a Dallas, Texas, worksite. OSHA announced it issued citations to Satterfield & Pontikes Construction Inc. in Houston; Okie …

Nearly $9 Million Approved for Elevation Projects in Jefferson Parish, La.

Nearly $9 million has been approved by various state and federal agencies to elevate 76 homes in Jefferson Parish, La., according to the Federal Emergency Management Agency (FEMA). The Louisiana Recovery Authority (LRA), the Governor’s Office of Homeland Security and …

La. Commissioner: PIAL Should Seek AG’s Opinion Before Filing Suit

The Property Insurance Association of Louisiana (PIAL) should seek an attorney general’s opinion on issues arising out of the public vs. private entity debate instead of filing a lawsuit challenging the view of the state legislative auditor, according to Louisiana …

Vitale Joins Guy Carpenter’s Reinsurance Unit

Joseph Vitale has been named senior vice president of GCFac, Guy Carpenter & Co.’s dedicated facultative reinsurance unit. Based in New York, Vitale will focus on both strategic and tactical operations management, working closely with Guy Carpenter’s facultative team on …

AIG Introduces Coverage for Global E&O Liability Needs

The AIG Cos. introduced a service called AIG Passport for multinational companies’ errors and omissions (E&O) liability insurance to facilitate purchasing locally admitted E&O coverage to cover their international operations and subsidiaries. AIG Passport provides an efficient service platform to …