Currents for May 2007

• Study assesses impact of Florida property insurance legislation
• R.I. looking to AIG settlement to ease deficit
• Lloyd’s and Economist Intelligence Unit report warns of threats from political violence
• Agents advised: fundamental shift in compensation coming
• Big 3 brokers still feeling Spitzer effect
• Marketing survey reports Baby Boomers remain loyal to auto, home, medical and life insurance brand
• Spring wildfires, floods wreak havoc from coast to coast
• N.H. agents offer changes to fiduciary, licensing
• Wildfires take major toll
• Travelers Insurance luring top players to Conn.’s PGA stop
• Miss. producers go the extra mile for their community
• Agents advised: fundamental shift in compensation coming
• Judge denies State Farm new trial in $1.2 million Katrina case
• Conn. celebrates insurance industry
• Flood remapping affects Tenn. home values, insurance
• Stalled AIG settlement could deepen R.I. deficit
• Fire outlook: 2007 wildfire season looks wicked
• Okla. doctor: Lawmakers against tort reform can go to Texas for care
• Travelers establishes multi-year cat bond
• Hawaii Gov. Lingle vetoes workers’ comp bill
• State Farm to reopen 350 hurricane claims in Louisiana
• Inspections to target small Mass. firms with dangerous materials
• Mont. State Fund decreasing premiums 1%
• Law enforcement to be first users of Texas’ financial responsibility system
• Maine adopts primary seat belt law
• Allstate to stop writing homeowners in Calif.
• Dallas National challenges ratings downgrade
• Agent leader renews vow to defend incentive pay
• Calif. court limits employers’ liability in workers’ comp
• Arson suspected at Kan. home where sheriff killed
• ‘Big 3’ brokers still feeling effects of Spitzer attack, Standard & Poor’s says
• Colorado ends legislative session; industry pleased tort auto system remains
• S.D. Appeals Court overturns $27 million insurance verdict
• Willis rejects insurers’ alternatives for contingent commissions
• Officials: Hold the chickens and the hogs
• Wis. hockey player loses 5-year battle with insurance company
• British auto insurer survey targets women’s
• Insurer recommendations
• Jury awards N.Y. man $30 million
• D&O, workers’ comp lead downhill pricing parade, according to risk managers’ survey
• Key findings
• Pa. insurers: merger won’t harm competition
• Risk managers report total cost of risk continues downward trend
• Allstate wins 29% statewide rate hike in Miss.; resumes coastal writings excluding wind coverage
• Dog daze: pet food case raises product recall, ‘special’ property claims
• Freeing streams of debris could stem flooding in W. Va., other states
• Sullivan confirmed as Conn. commissioner
• Agents welcome Citizens expansion of small commercial coverage statewide
• GAO report welcomed
• Fla. Commissioner McCarty in political hot water
• Commercial property/casualty premiums drop, underwriting relaxes, 1st quarter survey finds
• Fortified building standards: Gulf Coast market salvation?
• Key subcommittee chairman favors six to eight-year terrorism insurance extension
• Calif. OAL rules agent-broker relationships case not “precedential”
• Sen. Lott settles Katrina claim with State Farm
• Another report details property/casualty insurers’ 2006 profitability, escape from storms
• Ariz. Governor Napolitano signs captive insurance law
• Ark. river levees need $4M in repairs, FEMA says
• Study: Obese workers drive up workers’ compensation costs
• Calif. State Fund hires two amid investigation
• Insurance industry in Louisiana’s legislative ‘crosshairs’
• California Assembly Insurance Committee passes fraud measure
• Okla. governor vetoes tort reform bill
• Montana driver history, vehicle records online
• Ohio’s new teen driving law leads some insurers to lower rates
• California susceptible to class action lawsuits
• N.D. Poolman: Agent suspected of taking $700,000
• Chamber of Commerce seeks veto of HI workers’ comp bill
• Car thieves take the bait
• Western states top national list of hot spots for stolen cars
• Mass. ruling revives possibility of auto assigned risk plan
• Ore. Senate committee to allow preteens on ATVs
• N.H. weighs seat belt savings vs. freedom
• Oregon bill could increase maximum allowable liability limits
• N.Y. City puts foot down on pedicabs
• Nationwide to readjust 500 Miss. Katrina claims
• Study questions insurance cost effect on Pa. doctor supply

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