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

STATE FUND PRESIDENT ANNOUNCES RETIREMENT:

State Compensation Insurance Fund announced that after three years of leading California’s largest workers’ compensation insurer, Fund President Dianne Oki will retire in the coming month after a 37-year career at State Fund. “I am extremely proud of what State …

PCI COMMENDS NEVADA DOI ON BROKER COMPENSATION ISSUE:

The Property Casualty Insurers Association of America commended the approach taken by the Nevada Division of Insurance on the disclosure of broker compensation in a temporary regulation adopted in early February. “Instead of overreacting to generalities and erroneous perceptions about …

Targeting Young Customers

Ahhh … young customers. I’m proud to say I’m still one myself. Sure, I don’t have a big stake in the insurance marketplace yet–I don’t yet own a home (hey, it’s Southern California!), nor do I have any reason to …

Louisiana: We Are Building It, Will They Come’

Ihave the privilege of serving as vice president of the Louisiana Surplus Line Association (LSLA) and chairman of the Louisiana Surplus Line Task Force. Our goal has been to share our thoughts on regulatory reforms and proposed legislation with the …

Oklahoma Republican Lawmakers Roll Out Lawsuit Reform Plan

With the goal of bringing common sense back to Oklahoma’s legal system, reduce health care costs for citizens and create a stronger economic climate, Speaker of the Oklahoma House of Representatives Todd Hiett introduced a measure to fight lawsuit abuse, …

In What Direction is the Wholesale Market Heading’

Panel examines state of the market at IIAT seminar. When a group of insurance wholesalers gathered at the 42nd Joe Vincent Management Seminar–held recently in Austin by the Independent Insurance Agents of Texas–they discussed a host of topics of importance …

Moving from a Position of Strength

Merging, acquiring or clustering requires patience and due diligence. Independent agents braved bitterly cold weather and a standing room only crowd to hear William Schoeffler of Oak & Associates outline strategies for merging, acquiring and clustering agencies. Schoeffler spoke during …

Non-Standard Med Mal

Nuts & Bolts: Encino, Calif.-based NAS Insurance Services has extended the availability of its non-standard medical malpractice coverage to include physicians, surgeons, and dentists in Alabama and Mississippi. In addition, NAS will now consider offering malpractice insurance to neuro- and …

Umbrella

Nuts & Bolts: Heath XS is offering umbrella coverage. Preferred risks include contractors, premise and OL&T. Dollars: Policy limit is $5 million with a minimum premium of $3,000. Carrier: ACE American Ins. Co. rated “A-XIV,” admitted. States Available: All except …

Health Care Transit

Nuts & Bolts: In conjunction with acquiring the book of business of The American Agency, a specialist in ambulance services, hospital fleets and paramedic-transit operations, THOMCO is offering three new programs: Ambulance Plus, Hospital Fleet Complete and Para-Transit Pro. Coverages …