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

Fla. CFO, Legislators to Address Feb. 15 PIAF Legislative Day

Important insurance issues will be addressed by prominent members of the Florida Legislature and Tom Gallagher, Chief Financial Officer and Secretary of the Department of Financial Services during the Professional Insurance Agents of Florida’s Feb. 15 annual Legislative Day 2005 …

AIG Aviation Grows Specialty Workers’ Comp Program; Risks for Fixed Base Operators Covered

AIG Aviation Inc., a member company of American International Group, Inc. (AIG), is expanding its Specialty Workers’ Compensation offering to cover the risks associated with Fixed Base Operators (FBOs) at private, community, municipal or city-owned airports.(a) A Fixed Base Operator …

Johnson Joins Special Texas Insurance Fraud Post

The Texas Department of Insurance has hired Kyson Johnson as a special insurance fraud prosecutor in the Dallas County District Attorney’s Office. The new position, part of the Special Crimes Unit, represents the first such partnership between state and local …

PCI Commends Nev. 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 last week. “Instead of overreacting to generalities and erroneous perceptions about the …

FEMA Funds Jefferson County (Texas) Flood Project

The U.S. Department of Homeland Security’s Federal Emergency Management Agency (FEMA) announced it has obligated $1.35 million to the state of Texas to fund flood protection measures in Jefferson County. The project will remove 48 repetitively flooded homes from the …

Oxygen Licenses CATEX Pivot Point System

CATEX Inc. announced that Oxygen has licensed the Pivot Point Insurance transaction system for use as a commercial lines and reinsurance system. Pivot Point is a web-based system handling the full insurance transaction process from business production and quoting through …

Some California Doctors Leaving Workers’ Comp System

Francis Pecoraro is trading a San Francisco Bay area medical practice that mainly serves injured workers for one in Wilmington, N.C., that he believes will be friendlier to doctors and doctors’ families. Pecoraro, who specializes in chronic pain cases, is …

Minn. DOI: Higher LTC Rates Due to Lower Lapse Rates and Investment Income

Premiums have increased for some long-term care insurance policies issued to Minnesota consumers largely because policyholders are maintaining their coverage and interest rates have decreased in recent years. Those findings are contained in a Minnesota Department of Commerce report on …

Ala., Miss. Coverage for Physicians, Surgeons, Dentists

Physicians, surgeons and dentists in Alabama and Mississippi will now have non-standard medical malpractice coverage available from NAS Insurance Services of Encino, Calif. In addition, NAS is considering malpractice to neurosurgeons and orthopedic surgeons who perform spinal surgery in Florida …

St. Paul Travelers Reports $303M Q4 Profit

The St. Paul Travelers Cos. recently reported net income of $303 million for the quarter ended Dec. 31, 2004, or 45 cents per basic share and 44 cents per diluted share, compared to $489 million, or $1.13 per basic share …