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

Leaders Selected for Texas Workers’ Comp Oversight Council

Texas Speaker of the House, Pete Laney, appointed State Representative Scott Hochberg, Houston, chair of the Board of Directors of the Research and Oversight Council on Workers’ Compensation (ROC). Senator John Corona, Dallas, was named vice-chair of the ROC by …

NAII Comments on Farmers’ Withdrawal From the TX Homeowners Market

Don Hanson, southwest regional manager of the National Association of Independent Insurers (NAII), issued the following statement on Farmers Group of Insurance Companies’ recent decision to leave the Texas homeowners market: “Today’s announcement that Farmers Insurance Company is leaving the …

Texas Insurance Crisis Requires Realistic, Not Political Response

The Alliance of American Insurers urged Texas government officials and insurance regulators to take a reasoned approach to resolving the homeowners insurance crisis brought on by the announcement that Farmers Insurance will leave the Texas market over the next year. …

Isidore Wreaks an Estimated $18M in Damages in Louisiana

Tropical Storm Isidore’s swept across Louisiana causing an estimated $18 million in flood damage according to Gov. Mike Foster, who is expected to seek federal aid and disaster declaration for areas of the state. The Associated Press reported that as …

S.C. Sees Decrease in Job Site Deaths

Studies show that fewer South Carolina workers are dying on the job and safety training is being attributed to the decline. According to the South Carolina newspaper The State, the increased emphasis by businesses and government on safety training has …

Education Opportunities Available at CPCU Society Meeting Oct. 19-22

The CPCU Society will offer a number of educational opportunities focusing on property and casualty topics at the 58th Annual Meeting and Seminars, Oct. 19-22 in Orlando, Fla. at the Dolphin and Swan Hotels. CPCU’s participating in the education seminars …

AIA Opposing Calif. Regulation on Proof-of-Insurance Cards

The California Department of Insurance (Department) lacks the statutory authority to mandate a single format for proof-of-insurance cards, according to the American Insurance Association (AIA). AIA formally expressed its opposition to the proposed regulation in a letter to the Department. …

PIANY Hails Passage of Producer Contract Law

The Professional Insurance Agents of New York Inc. (PIANY) praised a bill recently signed into law by Gov. George Pataki The new law, formerly A.6167, sets guidelines for drawing up contracts with insurance producers that will clearly identify the producers …

Silverstein Will Appeal Judge’s Sept. 25 WTC Ruling

World Trade Center leaseholder Larry Silverstein, who has argued that the Sept. 11, 2001 attacks on the property were two occurrences, has informed Judge John Martin that he will appeal a Sept. 25 ruling involving insurers’ Hartford Fire Insurance Co., …

Colo. Division Publishes 2002 Workers’ Comp, Employers Liability Guide

The Colorado Division of Insurance has published the 2002 Workers’ Compensation and Employers Liability Insurance guide, a survey of workers’ compensation and employers liability insurance loss cost multipliers in Colorado. Colorado employers are required to carry workers’ comp coverage, although …