Monthly Archives: <span>January 2005</span>

People & Places

Tony Casabat Redwood City, Calif.-based ABD Insurance and Financial Services hired Tony Casabat as senior vice president/sales executive for the company’s Employee Benefits practice. Casabat, a longtime lead sales and client management employee benefits broker and consultant, has worked with …

PIA National will Oppose Broker Compensation Disclosure Model as Passed

The National Association of Professional Insurance Agents reiterated its opposition to the version of a compensation disclosure model law that was passed by a vote of 30-15 (with three abstentions) on Dec. 29, 2004, by the National Association of Insurance …

GARAMENDI ANNOUNCES SETTLEMENT FOR SAN DIEGO FIRE SURVIVORS:

Standing with survivors of the devastating 2003 Southern California wildfires, Insurance Commissioner John Garamendi and San Diego County District Attorney Bonnie Dumanis on Jan. 6 announced a $128,707 settlement with a Los Angeles public adjuster stemming from its handling of …

WASH.’S WORKERS’ COMP RATES RAN IN LOWEST ONE-THIRD IN U.S.:

A new rate-comparison study shows that workers’ compensation rates in Washington remain among the lowest in the nation. The 2004 “Workers’ Compensation Premium Rate Ranking” study by the Oregon Department of Consumer & Business Services shows Washington at 35th. That …

ZURICH, GARAMENDI SETTLE CASE INVOLVING SUPERIOR NATIONAL, CENTRE INSURANCE COS.:

Zurich Financial Services Group announced that the Insurance Commissioner of the State of California, as liquidator of the Superior National Insurance Companies and Centre Insurance Company have settled longstanding differences between them regarding CIC’s transactions with various Superior National entities. …

COLO. PUTS UNINSURED MOTORISTS ON NOTICE:

Effective Jan. 1, 2005, Colorado now has one of the strictest laws in the country dealing with uninsured motorists. Under House Bill 1193, signed by Gov. Bill Owens earlier last year, penalties dramatically increase for driving without insurance. “Gone are …

SURPLUS LINE PREMIUMS TOP $5.5 BILLION:

Ted Pierce, executive director of the Surplus Line Association of California, released the annual filed premium analysis demonstrating that $5,518,895,627 in surplus line insurance premiums were processed in 2004. The $5.5 billion in surplus line premium represents 441,221 insurance policies …

MICHIE NAMED UTAH INSURANCE COMMISSIONER:

On Jan. 5, Utah Governor Jon M. Huntsman Jr. appointed D. Kent Michie as Commissioner of Insurance. Michie will replace Commissioner Merwin Stewart. Michie is a native of Utah and was educated in Salt Lake City schools. He has 35 …

ASSOCIATIONS DENOUNCE CDI'S PROPOSED DISCLOSURE REGULATIONS:

The American Agents Alliance and Western Insurance Agents Association, trade association groups consisting of over 1,500 property/casualty insurance agencies, called for the California Insurance Commissioner to withdraw his proposed regulations, which create new fiduciary duties on insurance producers. On behalf …

Wells is National Alliance Los Angeles Producer School Recipient

Joshua Wells, an account executive with Las Vegas-based George L. Brown Insurance & Associates, was recently selected as the National Alliance City of Industry (Los Angeles) Producer School recipient of the Matt Wells Scholarship for Producer Development. Matt Wells, son …