Declarations

Wait and see

“The LAAA is anxiously waiting to see whether the new limits on territorial weighting will result in suburban and rural drivers ‘subsidizing’ premiums of urban and inner city drivers, as some groups have claimed, or if drivers across the state will receive premium relief consumer groups and the California Department of Insurance believe has been owed to drivers since the passage of Proposition 103 nearly two decades ago. … As insurance agents and brokers, we have a duty to provide our communities access to affordable insurance products. Although it is still too soon to tell, it appears that the new regulations will prove to be a help to us, and not a hindrance. Ultimately, if it is good for our customers, it is good for us all.”

Latin American Agents Association reacting to newly imposed California auto rate regulations.

Fighting wildfires

“The firefighters go in and put up a line, and the fire will jump a mile over the line. They’re doing a great job of thus far being able to protect the community, which is priority No. 1. We’re just hoping now the weather cooperates.”

Washington Gov. Chris Gregoire commenting on what she saw when she flew a wildfire area over the 200-square-mile Tripod complex in a Black Hawk helicopter as flames leaped 100 feet into the air. Gregoire declared a statewide wildfire emergency.

Help for high heat

“State Fund recognizes that the unprecedented heat has caused a significant disruption and hardship for some of our policyholders. Our offer of credit relief is one way to help them return to normal operations.”

California State Fund Acting President James C. Tudor, noting SCIF is extending credit to policyholders who have suffered a financial loss or business disruption caused by the recent severe heat wave.

Giving back

“Everyday we strive to serve our companies and clients. Being involved with our industry’s Foundation and programs such as Volunteer Week also allows us to serve the society in which we live and create legacies that extend beyond our careers.”

Dennis Doyle, senior vice president with American Reinsurance and chairman of the board for the Insurance Industry Charitable Foundation, noting the benefits of participating in the Insurance Industry Charitable Foundation’s 9th Annual Volunteer Week to be held Oct. 14 – 21, 2006, in communities across California.

Earthquakes and floods

“Earthquake insurance is critical in Oregon, which is on a faultline. The other thing we’re worried about, frankly, is a tsunami …”

Oregon Insurance Administrator Joel Ario.

Topics California Wildfire