Monthly Archives: <span>February 2001</span>

NAFTA Ruling Expected to Allow U.S. Access to Mexican Trucks

A North American Free Trade Agreement arbitration panel is expected to uphold an interim ruling from November allowing Mexican trucks to operate in the United States. Many in the insurance industry say they will cautiously review the changes such a …

The Global Picture: Debate Over Climate Change Continues to Storm

Experts agree that the world’s climate is changing, but the debate continues about the causes and consequences. Multiple interactive factors are involved. The oceans warm and cool, the sun goes through an 11-year cycle, high altitude winds and ocean currents …

2001 IBA West Officers Installed by Commissioner Low at Annual Luncheon

On Jan. 24, IBA West Outgoing President John Johnson of San Leandro-based McDermott-Costa Inc. welcomed a roomful of approximately 200 attendees to the 2001 Installation of Officers held at the Hotel Nikko in San Francisco. The day’s events also included …

Contractors’ Equipment Losses: Knowledge of Hazards Can Reduce Risk Prevention tips from the Inland

Contractors and operation managers run a risky business. One area that is often overlooked is equipment security. Theft, vandalism or malicious mischief represent more than one-third of all losses to contractors’ equipment. Fire damage represents the second highest dollar loss …

Commercial Auto: The Long Road Back to Profitability

The signs were there in 2000—and now it can safely be said that prices in the commercial auto industry are definitely firming. But how long it will take the industry to truly return to profitability is still hard to pinpoint. …

NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting

NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting With the end of the year 2000 state legislative sessions and the U.S. Congress winding down its post-election lame duck session, legislative activity affecting the insurance industry has virtually ground …

Carriers Battle Alleged Taxicab Market Fraud

In what looks uncomfortably like a return to the offshore scams of the late ’80s, several reports of questionable taxicab policies using the names of two well-known carriers have recently surfaced in California. The problem is such that Nationwide Mutual …

McGavick Takes Helm at SAFECO

Ending a search that has been ongoing since last October, Michael S. McGavick was named president, CEO and member of the Board of Directors of Seattle-based SAFECO Corporation on Jan. 30. McGavick, a native Washing-tonian, joins SAFECO after having held …

Montana Proposes Bill to Allow Captives Into State

n an attempt to promote economic development in Montana, State Auditor John Morrison has proposed a bill to allow the formation and operation of captive insurance companies in the state.

Two Tree Hill Launches Website for Claims Professionals

Ventura, Calif.-based Two Tree Hill Inc. has launched a new website, www.ClaimRep.com , for attorneys, risk managers, claims adjusters, and any other insurance professional involved in claims resolution. ClaimRep.com assists property adjusters in calculating a loss, or liability adjusters in …