Monthly Archives: <span>March 2008</span>

Cochrane Opens California Branch; Hires Additional Staff

Spokane, Wash.-based Cochrane & Co., a managing general agency, has announced the opening of their Southern California branch in Brea, Calif. Cochrane & Company is a regional, multi-line wholesale broker offering specialty and surplus lines since 1960. The California branch …

Who’s Worth What in the Independent Agency System?

Fewer independent agencies gave salary increases to managers, sales producers and support personnel in 2007 compared to 2006, while half of all agencies reported that salaries stayed the same in 2007 compared to 2006. Of those agencies that did offer …

Washington Proposes Hot Weather Worker Rule

Washington’s Department of Labor and Industries (L&I) has proposed a new workplace rule to protect workers from heat-related illness when working outdoors in hot weather. This proposal is significantly different from the temporary rules L&I used the past two summers …

Ratings Recap: Financial Guaranty, American Physicians, United National, Centene, Great Western

Standard & Poor’s Ratings Services has revised its CreditWatch on Financial Guaranty Insurance Co. (FGIC, rated ‘A’) and holding company FGIC Corp. (rated ‘BBB’) to CreditWatch with negative implications from CreditWatch with developing implications. S&P explained that FGIC’s principal owner, …

Washington Aims To Curb Teen Drinking

Washington Attorney General Rob McKenna is encouraging residents to take a more proactive approach to curbing underage drinking. According to state statistics, • One in 20 sixth-graders will drink alcohol this month • One in six 8th graders. • One …

Mass. Construction Worker Charged with Workers’ Compensation Fraud

A Brockton, Mass. man was arraigned on charges he collected over $9,000 in workers’ compensation benefits while he worked at two different jobs, according to the attorney general’s office. Officials said John Stevens was charged with workers’ compensation fraud and …

North Carolina Cites 763 Impaired Drivers During Statewide Crackdown

Gov. Mike Easley reported that state and local law enforcement officers cited 763 motorists for driving while impaired during a St. Patrick’s Day “Booze It & Lose It” campaign, which ran March 14-17. A total of 20,281 traffic and criminal …

$200M Set Aside for Post-Katrina Coastal Recovery in Mississippi

Federal legislators joined Mississippi Gov. Haley Barbour last week to announce that $200 million in federal funds is set aside for major recovery projects in Hancock County – ground zero for the destructive force of Hurricane Katrina. U.S. Senator Roger …

Alabama Highway Safety Programs Producing Positive Results

Efforts to improve highway safety in Alabama are working to change driving habits, and the number of traffic fatalities is down to their lowest levels in nine years as a result, said Gov. Bob Riley. Over the past year, the …

New York Consumer Groups Criticize Medical Malpractice Plan

Consumer and health advocacy groups in New York are criticizing a yet-to-be-made public plan to create a medical malpractice indemnity pool which would cover medical expenses for injured patients. Although no plan to create the pool has been announced, the …