Currents for March 2006

• AIG settles with Michigan for more than $5.2 million
• Multi-state class actions could infringe on state regulators
• Ark. shooting not covered by insurance policy
• Hawaii leads nation in motorcycle theft
• Mostly A-OK with IIAOK
• Colorado medical payments coverage bill killed
• Bond companies ordered to cease and desist
• Top brokers, agents head for idea exchange at Hawaii bungalows
• La. directives aim for more consumer protection
• Some 15 Percent of Montana vehicles don’t have insurance
• Jury awards Ark. agent more than $2.5 million
• Audit shows Washington insurers over-billed
• $1.5B paid on more than 180K Rita claims
• Study says Californians unmotivated to prepare for next disaster
• ‘Fly-in’ participants to discuss legislative issues
• Agents, brokers want Calif. court to depublish opinion
• Citizens Financial banks on ‘not your typical’ insurance agency sale
• Fla. Insurance Council to push mitigation efforts
• With eye on federal monies, more states adopting primary seat belt laws
• Wind vs. flood Katrina lawsuit sent back to state court
• NAMIC supports sunset of Fla. no-fault auto law
• Insurers back in court over World Trade Center
• Atlantic Mutual ratings fall as surplus drops $100 million
• BOOKER T. WASHINGTON INSURANCE GOES INTO RECEIVERSHIP
• Few homeowners buy flood insurance when not required, RAND study says
• Citizens not banking on insurance
• Property issues to dominate Florida Legislature
• Berkshire’s Buffett still high on insurance despite catastrophe risk
• Catching up with region’s insurance politics
• W.Va. Commissioner Cline Tells Big ‘I’ about Fraud Unit’s status; group hears catastrophe tips
• U.S. Supreme Court nixes ethics challenge to State Farm ruling
• Progressive drives into W.Va.
• Agents: Federal proposal will be Trojan horse for optional federal charter
• DFS suggests Fla. homeowners reforms
• Wausau Signature Agency unveils new Employee Benefit Division
• Miss. suspends 180-day deadline on Katrina repairs
• Insurers express relief as Louisiana special session adjourns
• Calif. commissioner issues new workers’ compensation regulations
• Max Mayfield gives wind conference ‘bad news’
• AIG severs ties with C.V. Starr; expands global energy unit, forms new unit
• S.C. controversy rages over workers’ comp overhaul
• Former Gen Re, AIG execs plead not guilty to reinsurance fraud charges
• Bell says tenth Ala. church fire ‘unrelated’ to previous nine
• National Law Journal says top verdicts, punitive damages fall in 2005
• Law blocks federally insured doctors from disaster aid
• Insurers discuss top issues with Fla. legislators
• U.S. postal customers gain right to sue for tripping over mail, rules U.S. Supreme Court
• Doctors, agents, and an antique dealer defraud Pennsylvanian
• Windstorm panelists: Carriers hesitant to write policies in Florida
• Sarbanes-Oxley oversight board facing constitutional challenge
• Farming shown more dangerous in Virginia than mining
• Ala. Commissioner: ‘End Air Force One Policy’
• Best remains negative on U.S., Bermuda reinsurance markets; expects no upgrades in 2006
• Md. water taxi insurers sue Coast Guard
• Rayborn outlines Florida insurance agency requirements to Latin Association
• Reinsurance treaty renewals show some premium increases
• N.Y. homeowners market analysts disagree; how broken is it?
• Colo. wants industry to account for rising rates
• N.Y. tour boat owner claims he’s victim of insurance scam
• Wyoming litigation legislation could hurt consumers
• If it’s broken, how to fix N.Y.’s homeowners market
• PCI urging Colo. lawmakers to reject insurance data reporting bill
• Minn. AG sues AIG rather than accept settlement
• Wash. Senate passes changes in unemployment insurance
• Iowa’s legislators push proposal to cap damages
• Incentives could improve earthquake protection
• Milwaukee Bar Assoc. exploits high court decision; health care at risk
• New Mexico legislators adjourn with few insurance bills
• Medical professional liability rates appear to be going down in Texas
• Nev. Supreme Court ruling beneficial to state
• TWIA to present Texas Legislature with a two-fold agenda
• Wash. approves anti-fraud unit, will protect privacy during investigations

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