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

Insurers Urge California Policyholders To Oppose Vehicle Repair Bill

Three insurance associations are urging Californians to contact their legislators to oppose a bill that they say would influence where consumers get their vehicles repaired following an accident. The bill, SB 1167 by Senator Patricia Wiggins, D-Santa Rosa, is scheduled …

Fire at Wisconsin Civil War Museum Damages Estimated to be $200,000

A fire at a Kenosha, Wis. Civil War museum caused smoke and water damage. Kenosha Fire Battalion Chief Matt Haerter says the fire appeared to be active for hours before a maintenance worker heard alarms go off. Authorities believe spontaneously …

Panel Recommends Changes to Improve Teen Driving in New Jersey

Parents in New Jersey might have to attend a teen-driving program before their children can apply for a driver’s permit. That’s one of the 47 recommendations in the final report of the Governor’s Teen Driver Study Commission that will be …

Oil and Gas Extraction Market Holds Solid Potential

While the oil and gas market can be seen as including pipeline and distribution operations, petroleum and petroleum product wholesalers, fuel oil dealers and even gas stations, the dominant North American Industry Classification System class in this sector is arguably …

U.S. Senate Approves Legislation Targeting Consumer Product Safety

A bill to crack down on dangerous consumer products was approved by the U.S. Senate in early March after a year of recalls of millions of lead-tainted toys and other hazardous products, many made in China. The bill would beef …

Climate Change Under World Spotlight

Swiss Re’s latest sigma study on natural catastrophes and man-made disasters in 2007 concludes that they killed over 20,000 people and cost the insurance industry $70 billion, $28 billion related to property claims. 2007 wasn’t even “an exceptional year” in …

Reasonable Expectations for Agents’ E&O

The public views insurance agents and brokers as professionals, experienced and knowledgeable in a complicated and specialized field. Negligence focuses on the principle that people who hold themselves out to the public as possessing special knowledge, skill or expertise must …

50 Things Independent Agents Like LEAST

The exclusive 2008 Insurance Journal Survey of Young Agents asked independent agents under 40 years old what they like least about being an independent agent. Here’s what some of the 360 agents who took the survey had to say: Lack …

Congress Examines Municipal Bond Ratings, Bond Insurance Industry

The fast-spreading U.S. mortgage crisis prompted lawmakers this month to explore problems with municipal bonds, painting a bleak outlook for bond insurers that one official said imposes a “secret Wall Street tax” on state and local taxpayers. Connecticut Attorney General …

101 Things Independent Agents Like MOST

The exclusive 2008 Insurance Journal Survey of Young Agents asked independent agents under 40 years old: What do you like most about being an independent agent? Here’s what some of the 360 agents who took the survey had to say: …