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

CIWA ENDORSES CIVIL JUSTICE ASSOCIATION OF CALIFORNIA’S BALLOT INITIATIVE:

The California Insurance Wholesalers Association (CIWA), an industry group of wholesale insurance brokerage operations, has endorsed the Civil Justice Association of California’s Ballot Initiative to Reform California’s Unfair Competition Law. “Many CIWA members specialize in providing insurance coverage for small …

MONTANA STATE FUND AUTHORIZES DIVIDEND:

The Montana State Fund Board authorized a dividend payment to qualifying policyholders. At their meeting, the Board approved a $2 million dividend distribution. This will be the sixth consecutive year MSF has rewarded customers with superior safety records. Nearly 12,000 …

COLORADO SENATE PASSES NCOIL INSURANCE SCORING LEGISLATION:

The Colorado Senate passed legislation, SB 216, that follows the National Conference of Insurance Legislators (NCOIL) credit-based insurance scoring model act. “This legislation provides lawmakers a positive alternative to banning insurers’ use of credit information in personal lines insurance,” said …

WCIRB WILL NOT FILE FOR A JULY 1, 2004 PURE PREMIUM RATE CHANGE:

The Workers’ Compensation Insurance Rating Bureau (WCIRB) Governing Committee met to consider the recommendation of the WCIRB Actuarial Committee with respect to filing for a change in the pure premium rate level effective July 1, 2004. The Committee reviewed recent …

Legislators CLUE in to Loss Reports

Among the many topics addressed by the property and casualty insurance committee of the National Confer-ence of Insurance Legislators (NCOIL) at its meeting in San Antonio Feb. 26 – 29, was the comprehensive loss underwriting exchange (CLUE) and its use …

Garamendi, CDI File Lawsuit Against State Compensation Insurance Fund

Insurance Commissioner John Garamendi and the California Department of Insurance (CDI) filed a suit against State Compensation Insurance Fund (State Fund), California’s workers’ comp insurer of last resort, in a San Francisco Superior Court on April 6. According to the …

Program Directory, Round Two

Welcome to our Annual Program Directory, Volume II. It seems like only yesterday that I was writing the Editors Note for Volume I, but here we are again with new and improved program listings in one of our biggest directories …

Slave Trade Suit Targets Lloyd’s, U.S. Companies

Ten present day descendants of slaves, transported from Africa in the 18th and 19th centuries, have filed a law suit against R.J. Reynolds Tobacco Co., Fleet Boston Financial Corp. (as successor in interest to the Providence Bank of Rhode Island) …

Program Specialists Work Together For Success

“We must all hang together or assuredly we will all hang separately.” – Benjamin Franklin. Benjamin Franklin’s famous statement during the signing of the Declaration of Independence in 1776 could just as easily be directed to a gathering of program …

Brooke: This Franchise Player is Making an Impact

Jack Cassell “was pretty happy just being a producer,” as he had been since entering the insurance business in 1979. But he saw an opportunity when the agency he was working for, Wichita, Kan.-based Manning & Smith Insurance, was acquired …