Currents for April 2007

• With La. session on horizon, governor and commissioner unveil package of bills
• Bush administration rejects pleas for federal disaster plan
• High gas prices won’t put a damper on travel and watersports
• Congressional hearings examine the need for national disaster solution
• Neb. discontinues home office employee license
• Banks’ total insurance revenue dipped
• Coastline populations increasing insurance prices
• Neb. lawmakers advance bill shielding cities from injury lawsuits
• SEC agrees to ease Sarbanes-Oxley rules for small firms
• Utah Court: Agents should take care when making verbal statements
• Ohio AG accuses U.S. companies of making, selling lead paint
• Lloyd’s posts more than $7 billon in record pre-tax profit
• Arizona Appeals Court: Pain not equal to injury in workers’ comp claim
• Insurers fight impression their big profits are at claimants’ expense
• Wash. lawmakers OK Insurance Fair Conduct Act
• Online auto coverage up 58%
• Florida system rates homes’ wind resistance
• A single security breach can trigger multiple coverages
• Ala. teachers may join state liability plan
• Ill. insurer, Hortica, alerts public to data loss
• Katrina homeowners’ lawyers cite e-mails as proof against State Farm
• 95% of claims from 2006 Ind. hail storm closed, industry group says
• State Farm begins promised review of Miss. Katrina claims
• Former owner of Neb. auto glass company faces insurance fraud charges
• Gov. Sanford, employers disappointed in S.C. reform
• Maryland agents get notice relief
• Ark. commissioner: Regulators have dual role
• Mass. judge throws book at injury case perjurer
• Large property market remains unsettled
• Delaware agent groups on verge of merger
• Katrina homeowners’ lawyers claim e-mails as evidence
• N.J. ruling could affect 10,000 drunk driving cases
• Texas AG, Allied World Assurance settle antitrust suit
• Judge rejects antitrust, racketeering charges in brokerage suit
• Calif. Workers’ Compensation Insurance Rating Bureau approves 11.3 percent rate decrease
• Insurers fight impression their big profits are at claimants’ expense
• Okla. judge orders new trial in Ford rollover lawsuit
• Insurers advise Congress private markets should handle most disasters
• Insurance Industry Charitable Foundation hosts benefit gala on May 12
• Two charged in bicoastal restaurant insurance brokerage scheme
• Consultant: La. Citizens last balanced books 18 months ago
• Study: homeowners more volatile than private passenger auto
• Management shaken up, investigations ensue at Calif. State Fund
• Mass. extends deadline for residents to buy health coverage
• La. commissioner proposes $100 million fund to lure insurers to state
• Judge rules Spitzer suit may continue; Liberty Mutual not giving up fight
• Arizona offers auto insurance comparison guide
• N.Y. insurer compensates credit report breach victims
• Mentoring process is at the core of new producer development
• Idaho Governor vetoes bills on worker benefits, uninsured motorist coverage
• Wanted: Appraisal of Elvis items to relieve ‘suspicious minds’
• Mo. Court dismisses homeowners’ lawsuits alleging discrimination
• Two charged in bicoastal restaurant insurance brokerage scam
• S.C. expands wind pool to more coastal towns
• Most Ill. medical malpractice cases settle before trial, Justice Department report says
• Riding out soft and hard market cycles with quality relationships
• Fla. considers claims law glitch, storm tax break
• Ill. Vioxx verdict helps Madison County shed pro-plaintiff reputation
• D.C.’s revised captive laws in effect
• S.C. audit calls for closing of 2nd injury fund
• Ill. Country Financial enters Chicago market, adds Fisher as director
• N.J. court: sexual assault preclusion not automatic
• Fla. lawmakers face future of no-fault law
• Sen. Lott wants ‘plain language’ requirement enforced by Feds
• Virginia bartenders test drive anti-DUI program
• Florida officials: Education, job rating ‘unintentionally’ harms minorities
• State Auto completes purchase of Beacon Insurance Group in Texas
• Big awards unlikely for pet owner
• Ga. court cites ‘continuous employment’ in workers’ comp award
• Small London company uses computer archive to help find stolen art
• Car insurance taxes to help fund masive Virginia transit plan
• 57,000 Fla. customers of liquidated Vanguard given policy options
• Mentoring process is at the core of new producer development
• Hartford Specialty Risk’s Sullivan named Conn. insurance chief
• Holocaust insurance claims top $300 million
• Top 10 data loss disasters in 2006
• Mass. auto report offers map to move state to limited price competition
• RadioShack cited for failing to protect customer information
• Bipartisan flood insurance ‘modernization’ bill boosts borrowing, maximum limits
• Calif. low cost auto program expanded to six counties
• Summary of Mass. auto insurance recommendations
• Sen. Lott wants ‘plain language’ requirement enforced by Feds
• A.M. Best cites 15 P/C insurers as financially impaired in 2006
• Washington aims to establish insurance fair conduct act
• Conn. self-service businesses face new liability standard
• Doctors in Ark. stress ATV safety after recent deaths
• Study claims U.S. ‘tort tax’ amounts to $865 billion cost each year

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