GA Commish in Med-Mal Standoff With St. Paul
Georgia Insurance Commissioner John Oxendine has taken issue with the St. Paul Companies over their intentions to non-renew some of the medical malpractice policies in the state. Oxendine slapped the Minnesota-based company with a three-year suspension of its insurance license, …
Reliance Insurance, 1817-2001…R.I.P.’
On June 12, Reliance Group Holdings (RGH), the parent company of Reliance Insurance Company (RIC), one of America’s oldest insurers, which traces its roots back to 1817, filed for bankruptcy protection in the Southern District of New York. The petition …
Ore. Lawmakers Weigh Workers’ Comp Issues in Waning Days of 2001 Session
The National Association of Independent Insurers (NAII) noted that as the 2001 Oregon legislative session rapidly approaches its conclusion, workers’ compensation issues continue to dominate the discussions. SB 485, a workers’ comp reform bill, was amended by the House Rules …
Former Stockton Agent Sentenced to Probation
A former Stockton, Calif. agent pleaded no-contest in San Joaquin Superior Court, and was sentenced to three years probation. Roger Allen Collins was charged with one count of theft of fiduciary funds along with one count of forgery. Investigators charged …
WNC Insurance Services Acquires First Line Insurance Services Inc. and First Guaranty Cos.
Simi Valley, Calif.-based WNC Insurance Services Inc., a managing general agency, surplus lines broker and Lloyd’s correspondent, announced the recent acquisition of First Line Insurance Services Inc., headquartered in Denver, Colo., and First Guaranty Companies, headquartered in Dallas, Texas. WNC …
Umberg Announces Committee for Calif. Insurance Commissioner
Former Democratic Assemblyman and Federal Prosecutor Tom Umberg announced the formation of a campaign committee for California State Insurance Commissioner. Umberg represented Orange County in the Assembly from 1990 to 1994; was the Democratic nominee for Attorney General in 1994; …
NAII Says Calif. Bill Moves Uninsured Motorist Coverage in Wrong Direction
According to the National Association of Independent Insurers (NAII), a bill advanced by California legislators on June 20 would expand uninsured motorist insurance coverage to include willful criminal acts — violating the fundamental nature of this policy coverage. SB 81, …
RIMS Signs Agreement with U.S. EPA
The Risk and Insurance Management Society, Inc. (RIMS) and the U.S. Environmental Protection Agency (EPA) reached an agreement to develop a framework for addressing risk and insurance management issues relating to climate change. RIMS and the EPA signed a memorandum …
ACORD and WISe Combine Global Standards
ACORD and WISe, key standards bodies within the global insurance industry, announced they are merging their standards-development activities, clearing the way for a globally-owned, non-profit industry association to create and manage data standards from consumer to retrocessionnaire. The agreement was …
