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

Study: Illness, Medical Bills Cause Half of Bankruptcies

Costly illnesses trigger about half of all personal bankruptcies, and most of those who go bankrupt because of medical problems have health insurance, according to findings from a new Harvard University study. Researchers from Harvard’s law and medical schools said …

N.J. Commissioner Bakke Resigns

Acting Governor Richard J. Codey has accepted the resignation of Banking and Insurance Commissioner Holly C. Bakke. “I appreciate that Commissioner Bakke stayed on during the transition, and I recognize the importance her family played in her decision to resign,” …

Safeco Declares Regular Dividend

Seattle-based Safeco declared a regular dividend of 22 cents per share on its common stock. The dividend is payable April 25, 2005 to shareholders of record on April 8, 2005.

Poll Says Most Americans Back Medical Liability Reform

A new survey released by the American College of Emergency Physicians (ACEP) reportedly found almost three-quarters of Americans support legislation to reform the nation’s medical liability system that is driving up the costs of health care and forcing many good …

Windstorm Panelists Doubt Hurricane Claim Settlement Statistics

Panelists and even the audience dispute Florida Insurance Council and Florida Office of Insurance Regulation statistics indicating that a large percentage of claims from the four hurricanes that hit Florida in 2004 have been settled. In his welcoming address Charles …

Alliance Responds to Lawsuit Aimed at Agent/Broker Contingency Commissions

The American Agents Alliance, representing over 2,000 independent agents and brokers in California and Arizona, criticized attorney Norman Goldman for filing an amendment to a compliant he filed in 2003 against Aon Insurance Company subsidiary Auto Insurance Specialists (AIS), a …

ACE USA Appoints Dennison as Regional Executive, Northwest Region

ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, today announced the appointment of Stephen D. Dennison as senior vice president and regional executive, Northwest Region. Based in San Francisco, Dennison will be responsible for setting …

RGI Insurance Unveils New Web Site

Laguna Hills, Calif.-based RGI Insurance Services, one of California¹s largest medical malpractice insurance agencies, announced the grand opening of its new Web site: http://www.RGIinsurance.com. RGI Executive Vice President and General Manager J. Michael Rosenthal said, “This is the beginning of …

ACIC Supports Medical Provider Network Regulations

The Association of California Insurance Companies (ACIC) supports the adoption of newly developed state regulations that implement the Medical Provider Networks (MPN) provision of California’s workers’ compensation reform package. “We believe that the (state) Division of Workers’ Compensation has made …

Montemayor Sees No Basis for Credit Scoring Ban

Texas Insurance Commissioner José Montemayor recently delivered to Gov. Rick Perry and the Texas Legislature the final report on a credit scoring study conducted by the Texas Department of Insurance. In a letter introducing the study, Montemayor told lawmakers that …