Monthly Archives: <span>July 2003</span>

Agent Sentenced to Four Years

Patrick James Murphy, 45, of Norco, Calif., pled no contest to 39 felony counts, including grand theft and elderly abuse. Murphy was sentenced to four years in state prison and ordered to pay $328,639.96 in restitution to his victims, according …

Non-Dealer Garage Program

Nuts & Bolts: Union General is offering a new competitive and comprehensive garage program for non-dealers. Designed primarily for the private passenger auto repair business, the program includes coverages for garage-keepers legal or direct liability; premises liability and products/completed operations …

Small Restaurants

Nuts & Bolts: London American has unveiled a new Small Restaurant program. The new program will target independently owned small restaurants, fast food restaurants, and refreshment stands. The exclusive program is underwritten in-house and is written on a “BOP-like” form. …

Long Haul

Nuts & Bolts: Cascade/Amstar has unveiled a new market for long haul trucking, including cargo and general liability. Endorsements—State, ICC and Cargo Liability Filings as required. Appointed brokers have immediate access to this new facility. Non-appointed brokers can call or …

NAII APPLAUDS HOUSE FOR INTRODUCING LEGISLATION TO PRESERVE NATIONAL CREDIT REPORTING SYSTEM:

Recently, a bill to permanently reauthorize the expiring provisions of the Fair Credit Reporting Act (FCRA) and to help consumers combat identity theft was introduced by several members of the House Financial Services Subcommittee on Financial Institutions. Sponsors of the …

SCF OF ARIZONA FILES SUIT TO PROTECT ASSETS:

State Compensation Fund of Arizona (SCF) recently filed a lawsuit in Maricopa County Superior Court challenging a provision in the state’s 2003 fiscal budget that forces SCF to purchase Arizona government-owned buildings to help balance the state’s budget. The action …

WASH. WC BENEFITS INCREASE 1.9 PERCENT:

Workers currently receiving Washington workers’ compensation time-loss or pension benefits were to receive a 1.9 percent cost-of-living increase effective on July 1. The new maximum monthly benefit will be $3,794, which is 120 percent of the state’s average monthly wage …

CALIF. COMMISSIONER GRANTS PETITION BANNING RATES BY ZIP:

California Insurance Commissioner John Garamendi recently granted a statewide petition filed by consumer and community groups and the cities of Los Angeles, Oakland, and San Francisco to bar insurance companies from basing their auto rates mostly on a driver’s ZIP …

Calif. Lawmakers Form Workers’ Comp Reform Committee

California Insurance Commissioner John Garamendi commended lawmakers July 9 for moving workers’ compensation bills into a Legislative Conference Committee, and consequently moving the reform of the system closer to passage. The Senate Labor and Industrial Relations Committee and the Assembly …

Kemper Sends Agents Scrambling to Replace Business

Lost amid news of the Kemper Insurance Cos.’ precipitous slide in financial health is how badly its relationships with the agents and brokers needed to market its products had deteriorated. A number of agents have admitted they felt alienated by …