Washington News

Western insurance associations: How the West is run

Editor’s note:This is the first article in a series on Western insurance associations. Part II of this article will appear in a future issue. As people migrate to the West to enjoy the weather and opportunities for outdoor activities, insurers’ …

Insurance Skills Center Hosts Two Contractors Conferences

The Insurance Skills Center will be hosting a Contractors Conference in Fresno, Calif., and in Las Vegas to provide specialized contractors information on how to: size up the construction market; build a construction book; match up the right companies with …

Actuaries Estimate Cost of Terrorist Attacks on Cities; N.Y. at $778 Billion; D.C. at $196.8 Billion

The American Academy of Actuaries disclosed that a future large terrorist attack in New York City could result in $778 billion in insured losses. Speaking at the National Association of Insurance Commissioners public hearing on “Terrorism Insurance Matters,” Michael McCarter, …

Fla. Delegation to Discuss Key Issues, Attend Washington, D.C. Summit

The Professional Insurance Agents of Florida has announced that a seven-member delegation including Mark O’Connell, president, will participate in PIA’s 2006 Federal Legislative Summit and voice their opinions about key issues to members of the U.S. Congress in Washington, D.C. …

Supreme Court Blocks ‘Wasteful’ Class Actions by Stockholders

The Supreme Court has made it more difficult for investors to join forces to file high-stakes fraud lawsuits against companies. The 8-0 decision handed down on March 21 blocks state class-action lawsuits by stockholders who contend they were tricked into …

Western National Announces Merger with Farmers Home Group

Western National Insurance Group, based in Edina, Minn., will form an affiliation with Farmers Home Group of Bloomington, Minn. The Boards of Directors of the respective companies approved the transaction at meetings this week. It is anticipated that the Farmers …

N.J. Gov. Corzine Swears In Goldman as Insurance Commissioner

New Jersey Governor Jon S. Corzine administered the oath of office on March 24 to the new Commissioner of the Department of Banking and Insurance Steven M. Goldman. Corzine named Goldman to the cabinet post on January 31. Earlier this …

Washington Gains New Fraud Bureau

Washington State has approved the state’s first fraud bureau and added a fraud prosecutor. Gov. Christine Gregoire signed SB 6234 into law late Tuesday. The measure decisively passed the state House and Senate earlier this winter. Washington now joins the …

Cant To Head Washington Workplace Safety and Health Division

Following a nationwide search, Steve Cant has been named to lead the workplace safety and health division of Washington’s Department of Labor and Industries (L&I). “I’m confident Steve is the right person to move our safety and health program forward, …

Lafayette Cardiologist Accused of Health Care Fraud

A Lafayette, La., cardiologist has been indicted on 94 counts of health care fraud for allegedly performing unnecessary procedures on patients then billing their health insurance providers, U.S. Attorney Donald Washington said. The indictment against Dr. Mehmood Patel, 60, has …