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

WELLPOINT AND CALIF. COMMISSIONER LAUNCH COMMUNITY GRANT PROGRAM:

WellPoint Inc. joined California Department of Insurance Commissioner John Garamendi in announcing the launch of a $35 million Community Clinics Grant Program. The program and its funding are a direct result of the merger between Anthem Inc. and WellPoint Health …

EX-SAIF PRESIDENT ACCUSED OF VIOLATING LAW ON LOBBYISTS:

The former president of Oregon’s State Accident Insurance Fund, Katherine Keene, reportedly failed to register as a lobbyist and report her expenses, according to the Associated Press. A new state ethics report stated that Keene was reimbursed by the workers’ …

TUDOR APPOINTED ACTING PRESIDENT OF CALIFORNIA STATE FUND:

California’s State Compensation Insurance Fund’s board of directors has appointed James Tudor as acting president. Tudor has served as executive vice president since Jan. 1, 2003. Tudor has served for 10 years on State Fund’s Executive Committee and brings 34 …

Battling the Trial Lawyers

As you may have already noticed, our cover story is on professional liability. When selecting material for this issue, we found no shortage of information to pick from. Professional liability has long been a difficult coverage to place, because of …

Agent? Or Broker? Consumer Choice Dictates Disclosure

What Eliot Spitzer has done within the insurance industry should be entered on the positive side of the ledger. While much of the follow-up has driven up expenses and slowed down the inner workings of insurance carriers, the rooting out …

Ripped from the Headlines: Law & Order in Today’s D&O

News from Worldcom, Enron and Spitzer invades PLUS Symposium. Settlements that reach beyond insurance and into the pockets of firms’ former directors draw attention to the limits of insurance, according to professional liability experts. Recent Worldcom and Enron events have …

Agents’ E&O Exposures: ‘A Bear Behind Every Tree’

Web sites, in addition to traditional sources of litigation, are driving up errors and omissions premiums for insurance agents, according to Rick Oldenettle of Oldenettle and Associates P.C. Speaking at the 42nd Annual Joe Vincent Sem-inar, held by the Independent …

Killer Tsunamis and the Marine Insurance Market

Early in the morning on the 26th of December 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton …

Soybean Rust Threatens Nine States, Farmers Rethinking Coverage Choices

A warning to prepare for the worst and hope for the best has been issued by researchers who discovered late last year that when Hurricane Ivan tore across the southeastern U.S. it brought with it wind-borne soybean rust spores. Soybean …

Nations Hazard Leaves Nationwide Trail

Even though his files have been stored in the department’s archives since the case was transferred to federal investigators more than a year ago, Ted Bader, chief investigator in the state of Washington’s insurance bureau, still keeps tabs on Michael …