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

Perata Promoted at Jenkins Athens

Curtis J. Perata has been promoted to CEO of the Jenkins Athens Group, headquartered in Concord, California. In addition to his duties as president of the firm’s property and casualty brokerage, Perata will also oversee the operations of the firm’s …

Pet Peeve

I have a bone to pick with the insurance industry. Why is an industry that loses billions on cat losses every year so hot under the collar about dogs? You don’t have to be a poodle to know that with …

NO CRIMINAL CHARGES LIKELY AGAINST AIG:

New York Attorney General Eliot Spitzer reassured the business world and those affiliated with American International Group that criminal charges are not likely to flow from his department’s continuing investigations of AIG. Also, the attorney for former AIG Chairman Maurice …

GARAMENDI TO ADDRESS DANGER OF UNINSURED VEHICLES FROM MEXICO:

Seeking better coordination of insurance programs so that people on California and Mexican highways are protected, Insurance Commissioner John Garamendi lead a delegation to Mexico on April 11 to participate in trilateral negotiations with Mexican and Canadian authorities. The commissioner …

MONTANA LEGISLATURE PASSES CREDIT SCORING BILL:

The American Insurance Association applauded the passage of an insurance scoring measure in Montana. This bill will ensure consistent use of personal credit information by insurers, while maintaining a tool that enables insurers to accurately predict risk and appropriately price …

CALIF. COMMISSIONER OK’S RATE REDUCTION FOR STATE FARM CUSTOMERS:

California Insurance Commissioner John Garamendi has approved a 4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders. The commissioner expedited his review of the proposed reduction …

NEW MEXICO GOVERNOR SIGNS CREDIT LEGISLATION:

New Mexico Gov. Bill Richardson (D) signed into law SB 560, the Personal Insurance Credit Information Act, according to the American Insurance Association. The bill was passed by the legislature on March 19. SB 560 will provide New Mexico with …

PCI SEEKS CHANGES TO NEV.’S AB 315:

The Property Casualty Insurers Association of America is seeking amendments to Nevada legislation that would affect the availability of mechanical data recorded by newer model cars just prior to accidents. “We believe this data should be made available to insurance …

Man Sentenced for Work Comp Fraud

Gregg Leo Curwick, of Rancho Cucamonga, California, has been sentenced by the Kern County Superior Court for workers’ compensation insurance fraud after a joint investigation by the CDI’s Fraud Division, the Kern County District Attorney, and the State Compensation Insurance …

Calif. Student Arrested in Fraud Case

Alisa Louise Yates, and her husband, Gregory Daniel Yates, both of Buttonwillow, were taken into custody as a result of investigations by the California Highway Patrol, CDI’s Fraud Division, and the Kern County Sheriff’s Department. Alisa Yates was arrested for …