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

Maryland Commissioner’s Task Force to Study Urban Auto Insurance Rates

Maryland Insurance Administration Commissioner Alfred W. Redmer, Jr. announced today the formation of a task force to study and review auto insurance rates in urban areas of Maryland. “As a former legislator who represented part of Baltimore City, I understand …

Okla. Lawmaker Seeks to Create Graduated Driver’s License for Teens

Tired of seeing underage drivers killed as a result of joyriding with their friends, Oklahoma State Rep. Danny Morgan announced legislation to create a new graduated driver’s license for teenagers. Morgan said he patterned the bill after similar measures that …

Texas AG Supports Federal Legislation to Ban Bankruptcy Forum Shopping

Texas Attorney General Greg Abbott announced his support of legislation filed by U.S. Sen. John Cornyn, R-Texas, that would stop corporations like Enron from exploiting a loophole by filing bankruptcy in federal courts far from their headquarters. The Fairness in …

AWCC to Hold Educational Conference Oct. 12 – 14

The Arkansas Workers’ Compensation Commission (AWCC) has scheduled its 18th annual Education Conference for Oct. 12-14, 2005, in Little Rock’s DoubleTree Hotel and the adjacent Robinson Convention Center. Alan McClain, AWCC chief executive officer, has a staff committee working with …

Gallagher: Citizens Should Reduce Third-Party Adjusters; Begin Take-Out Incentives

Citizens Property Insurance Co. should reduce third-party adjusters and institute a take-out incentive program, according to suggestions made by Florida CFO Tom Gallagher in a letter to Peter M. Dunbar, Citizens Task Force chairman. “First, we need to reduce the …

Alfa Corp. Releases Record Year-end Financial Results

Montgomery, Ala.-based Alfa Corp. has released record financial results for the year ended Dec. 31, with operating income increasing 13.9 percent to $84.86 million, or $1.05 per diluted share compared to $74.4 million for the same period one year ago. …

Ga. House to Debate, Vote Today on Tort Reform Bill

Georgia tort reform will be one step closer to reality today after a vote in the House Rules Committee which will send Senate Bill 3 to the House floor for debate and a vote. The committee approved four amendments to …

Aide to Maryland Commissioner Resigns After Admitting Spreading False Rumors About Baltimore Mayor

Baltimore Mayor Martin O’Malley on Tuesday accused Gov. Robert Ehrlich administration of spreading false rumors that he had an extramarital affair. Hours later, Ehrlich fired a longtime employee. The mayor, a Democrat considering a bid for governor in 2006, said …

Ind. Fraud Bill May Get Facelift

Strengthening Indiana’s weak insurance-fraud law will raise Indiana’s fraud statute to a par with other states, the Coalition Against Insurance Fraud told key legislators in testimony recently. “This bill will help reduce pressure on premiums, and reduce a crime that …

APPEX Adds Four New Members

APPEX (Agency Peak Performance EXchange), a subsidiary of MarshBerry, has announced the addition of four new members to its network of 96 independent insurance agencies from 35 states nationwide. The new members include: Al Purmort Insurance Agency, Sarasota, Fla.; San …