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

Jenkins Joins PIA as VP of Business Development

Bill Jenkins, who most recently was executive director of the Applied Systems Client Network, has joined the National Association of Professional Insurance Agents as vice president of business development and marketing. Jenkins resigned as executive director of ASCnet to accept …

Marsh’s Pomante Joins Willis in Philadelphia

Ray Pomante, formerly senior vice president of Marsh’s sports and entertainment practice, is joining Willis Group Holdings in its own sports, entertainment and media division. Pomante is charged with developing a new national sales strategy to meet the executive risk, …

Survey: Investigations into Industry Practices to Expand in 2005; Respondents Expect Consolidation to Continue

Leaders of the property/casualty insurance industry expect the investigations into certain industry practices by state attorneys general and insurance departments will continue to expand in 2005, according to a survey conducted by the Insurance Information Institute at its ninth annual …

21 States with Primary Seat Belts Laws Saving Lives, Says Insurance Highway Safety Institute

Safety belt use laws in only 21 states and the District of Columbia are primary, meaning police may stop vehicles solely for belt law violations. But in most states belt use law enforcement is secondary, so police cannot stop vehicles …

Warning: Drowsy Docs Danger During Driving

They’re in training to save lives, but medical interns sometimes threaten them: Lack of sleep from very long hospital shifts can make young doctors behind the wheel as dangerous as drunks, researchers found. Doctors in training were more than twice …

Fla. H.B. 117 to Require Certification for Mold Remediation Professionals

Legislation to require mold professionals working in Florida to be trained, licensed and certified has been filed by Rep. Carl J. Domino (R-West Palm Beach). House Bill 117, co-sponsored by Rep. Franklin Sands (D-Weston), is waiting for committee references from …

W. Va. Policyholders Have Until July 16 to Reassess UnumProvident Claims

West Virginia Insurance Commissioner, Jane L. Cline, has signed separate multi-state settlement agreements with three major disability insurance carriers owned by UnumProvident Corporation of Chattanooga, Tenn. More than 40 states have joined West Virginia in ratifying the settlement agreements. The …

Silverstein to Borrow $75M for 7 World Trade Center

Developer Larry Silverstein was given authorization by the New York City Industrial Development Agency to borrow an additional $75 million through tax-exempt Liberty Bonds for the 7 World Trade Center project, which is set to open next year. Two years …

Error Resulted in Inaccurate Citizens Rate-Hike Reports

Although information filed by Citizens Property Insurance Corp. with Florida regulators to request rate increases was correct, information provided to the public and media was incorrect, according to Justin Glover, Citizens spokesman. Glover told the Fort Myers News-Press that insurance …

D-Day for U.K. Insurance Industry as FSA Assumes Regulatory Control; AXA Fined $940,000

Today, Friday, Jan. 14, marks the long anticipated official takeover of regulatory responsibility over the U.K.’s insurance industry by the Financial Services Authority. There should be no major surprises, as the FSA’s insurance division, headed by David Strachan, has been …