Monthly Archives: <span>January 2004</span>

NAMIC REPORT DETAILS STATE TORT REFORM EFFORTS:

A report detailing state legislative efforts to reform the U.S. civil justice system was recently released by the National Association of Mutual Insurance Companies (NAMIC). The report, part of a NAMIC series regarding state laws and legislative trends, furnishes a …

WASH. STATE LEADERS AIM TO CONTROL MED-MAL INSURANCE PREMIUMS:

Washington Gov. Gary Locke, House Speaker Frank Chopp, Senate Democratic Leader Lisa Brown and state Insurance Commissioner Mike Kreidler recently unveiled a proposal to help improve the safety of medical patients and control the cost of medical malpractice insurance for …

IDAHO OFFERS ONLINE IN-STATE PRODUCER LICENSE RENEWAL SERVICE:

After nearly two years since it began offering online license renewals to out of state insurance producers, the Idaho Department of Insurance is now extending the same convenience to in-state producers. Those who use the service at http://www.doi.state.id.us receive a …

NAPSLO MID-YEAR SET FOR SCOTTSDALE:

The 2004 NAPSLO Mid-Year Educational Workshop is set for Feb. 5-8 at the Marriott Camelback Inn Resort in Scottsdale, Ariz. Workshop programs include an examination of Errors & Omissions coverage, a current review of the globalization of the industry, and …

QUAKE INSURED LOSSES PEGGED AT $40-$60MIL:

The earthquake that struck California’s central coast on Dec. 22 could generate insurance claims of between $40 million and $60 million. The initial shockwave, registering 6.5 on the Richter scale, was followed by nine aftershocks of at least 4.0 in …

CALIF. AGENT FEES UP 10% IN 2004:

The California Department of Insurance sent out a notice a few weeks ago reminding all insurance licensees that they will be ringing in the New Year with a 10 percent fee increase, the American Agents Alliance said in its newsletter. …

New Trade Association Gives Voice to Calif. Insurers

A new California trade association has been formed to represent the needs of the state’s domestic insurers. The Pacific Association of Domestic Insurance Cos. (PADIC) began operations Jan. 1. Formed by several small- and mid-sized insurers, PADIC is headed by …

Members Approve Trade Assoc. Merger; New Group Opens Doors as PCI

Members of the Alliance of American Insurers and the National Association of Independent Insurers (NAII) finalized the merger of the trade groups forming a new association to be known as Property Casualty Insurers Association of America (PCI). The creation of …

E&S Directory Packs a Punch

Here it is, folks. Your baby. The book that will be close to your heart for the next six months—the Insurance Journal E&S Directory, Volume 1. Any excess and surplus market your heart could desire, from abuse and molestation to …

Leaving a Lasting Legacy

Education benefits the next generation of insurance consumers. During my 34-year tenure in the insurance industry, I cannot count the number of times I’ve heard, “Don’t they understand?” It’s often a rhetorical question, uttered during discussions among insurance professionals, and …