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

Texas Appeals Court Reverses Farmers Settlement

Justice David Puryear with the 3rd District Court of Appeals in Austin, Texas, on Jan. 21 struck down a $117.5 million settlement Farmers Insurance Group reached with the state in 2002 over homeowners rates. Texas Attorney General filed suit against …

Ariz. County Supervisors Approve Flood Control Project

Arizona’s Pima County supervisors approved the construction of five detention basins to control flooding in downtown and central Tucson. Construction bids for the $17.5 million project will go out in late spring, said Suzanne Shields, director of the county’s flood …

Colo. Airport’s Insurance Jumps after Ebersol Crash

The crash of a corporate jet that killed the son of NBC Sports Chairman Dick Ebersol and two other people has contributed to a 48 percent increase in Colorado-based Montrose Regional Airport’s liability insurance premium. Airport Manager Scot Brownlee said …

Wyo. Med-Mal Bill Voted Down

One of the proposals to help control medical malpractice insurance costs in Wyoming failed to garner enough votes to get to the state House floor. The House Labor, Social Services and Health Committee split 4-4 on the bill Wednesday. Under …

Happy with Your Boss’ New Survey Reports Contempt for Managers Across the Board

More than half of American workers question the basic morality of their organizations’ top leaders and say that their managers do not treat them fairly, according to results of a just-released, representative, nationwide survey of 7,718 American workers aged 18 …

Maine Lawmakers Look at Insurance to Plug Budget Gap

As the Maine Legislature opens its 2005 session, lawmakers are reportedly primarily concerned with tax issues, including a proposal that would tax insurance premiums to fund retirement health insurance for police and firefighters. “With the state facing a budget shortfall …

Virtual Management Tool Processes Salvage Auction Buyers’ Bids

A bidding tool for salvage buyers BidCentral™ has been released by Vemark, a Boca Raton, Fla. firm specializing in end-to-end vehicle total economic loss recovery management solutions. BidCentral™ integrates with Vemark’s SNaps® Auction Management solution for bid processing at physically …

“Get Smart About Insurance Week” Begins Today in West Virginia, Kentucky

State insurance officials in West Virginia and Kentucky kicked off “Get Smart About Insurance Week” today through Jan. 28. West Virginia Insurance Commissioner Jane L. Cline and Kentucky Insurance Executive Director Martin Koetters inaugurated the week with ceremonies in their …

Arrowhead Expands Homeowners Offering in Texas

San Diego, Calif.-based Arrowhead General Insurance Agency Inc. announced the availability of a new homeowners product for Texas. The coverage is written by Balboa Lloyds Insurance Company, an admitted market rated “A.” It offers limits up $750,000. Minimum premium is …

Gallagher Acquires Okla.’s Horton Insurance Agency

Illinois-based Arthur J. Gallagher & Co. announced it has acquired Horton Insurance Agency Inc. of Oklahoma City, Okla. Terms of the transaction were not disclosed. Formed in 1983, Horton Insurance Agency Inc. is a retail insurance broker offering risk management, …