Newsbriefs

GOV. SIGNS CIGA BILL

California Governor Gray Davis signed legislation to raise the assessments on workers’ compensation insurers. The bill, AB 1183, sponsored by...

NAAA DENOUNCES CREDIT SCORING

The National Auto Agents Alliance recently issued a statement that credit scoring is “unreliable, inaccurate, and so against public interest...

SAFECO TO BUY ACE USA DIVISION

SAFECO Corp. and ACE USA announced an agreement for SAFECO Select Insurance Services Inc. to acquire ACE USA’s Financial Institution...

CALIF. PRIVACY BILL DEFEATED

Following a late night debate, the California State Assembly voted to defeat a controversial financial privacy measure that would have...

ONLINE MARKETS CHASE SMALL BIZ

According to a new report, online insurance marketplaces are now actively pursuing the historically underserved small business customers, who are...

NURSING HOME TASK FORCE NAMED

Texas Department of Insurance (TDI) Commissioner José Montemayor has appointed a task force to help develop “best practices” for nursing...

WC AGENCY GETS NEW DIRECTOR

The Texas Workers Compensation Commission (TWCC) named Richard “Dick” Reynolds, a former legislator and insurance commissioner, as the new executive...

TEXAS LEADS IN WC COSTS

Texas had the highest average total cost per workers’ compensation claim ($14,465) of eight states reviewed in an independent study...

HO BENCHMARK RATES TO RISE

Although the statewide average for homeowners insurance benchmark rates is slated to rise slightly in the coming year, Texas Department...

TWIA SEEKS 13% RATE HIKE

At a recent public hearing held by the Texas Department of Insurance (TDI) on windstorm coverage rates, the Texas Windstorm...

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