Monthly Archives: <span>September 2002</span>

Louisiana Gov. Wants to Appoint Insurance Head

Governor Bob Foster of Louisiana is pushing for a change in state law that would allow the state insurance commissioner to be an appointed official rather than an elected one. According to the New Orleans Times-Picayune Foster made the proposal …

Cicero Names New President After Insurance Fraud Convictions

Cicero’s Board of Trustees named Ramiro Gonzalez as the new town President, to serve out the remaining term of Betty Loren-Maltese, following her conviction as part of a ring that bilked the city of around $12 million in an insurance …

Federal Reserve Economic Survey Shows Slowing Midwest Growth

The most recent economic survey released by the Federal Reserve regional banks indicates a general slowing of economic growth in most Midwestern regions, with a mixture of good news and bad news and some increases in the cost of insurance. …

Calif. Gov. Davis Approves Legislation to Safeguard Solvency of Workers’ Comp Guaranty Fund

California Governor Gray Davis has signed a measure that guarantees employers and injured workers will continue to receive workers’ compensation benefits if an insurance carrier becomes insolvent, according to the American Insurance Association (AIA). “This new law maintains an important …

CDI Issues C&D Order to Seibels Bruce Subsidiary

South Carolina-based Seibels Bruce Group Inc. announced that its subsidiary, South Carolina Insurance Company (SCIC), voluntarily agreed with the California Department of Insurance (CADOI) to cease and desist from transacting, soliciting or writing any new and renewal business in the …

Wash. L&I Announces 40.5 Percent Boost in WC Rates in 2003

The Washington Department of Labor and Industries has proposed increasing industrial insurance premiums by 40.5 percent in 2003. It is the agency’s first general rate increase in eight years. If adopted, the proposal will bring in an additional $371 million …

Swett & Crawford SVP Addresses L.A. Chapter

Swett & Crawford’s SVP Ben Beazley addresses market challenges. Ben Beazley, Swett & Crawford senior vice president and property manager, delivered a thought provoking presentation on “Today’s Market Challenges” to the Los Angeles CPCU’s at their September meeting. Beazley, who …

CDS Business Mapping Adds Miss. Protection Class Lookups to Risk Meter Online Mapping Service

CDS Business Mapping, a provider of mapping solutions for insurers, announced that Protection Class codes for Mississippi are now available through its Risk Meter Online (www.riskmeter.com) mapping service. Using the service, an insurer or agent can type in an address, …

Is TWCC Headed Back to the Fee Guideline Drawing Board’

The new medical fee guideline approved by the Texas Workers’ Compensation Commission (TWCC) last spring that was scheduled to go into effect Sept. 1 was recently stayed by a Travis County judge as part of a lawsuit filed against TWCC …

Indiana Farmers Mutual to Use Duck Creek Software

Missouri-based Duck Creek Technologies, Inc., a provider of product management software and services to the insurance industry, announced that Indiana Farmers Mutual Insurance Group has selected its EXAMPLE Platform Product Suite for technical services. The software, which includes the EXAMPLE …