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

PIFC: California Commissioner’s Proposed Homeowner Regs Flawed

There is not one statute in the entire Insurance Code of California that authorizes the insurance commissioner to adopt a proposed set of homeowners’ insurance regulations submitted to the Office of Administrative Law on April 26, according to The Personal …

Nearly Half of Large, Mid-sized Businesses Purchased Terrorism Insurance in 2004

Nearly half of large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2004, a dramatic increase from the 2003 average of 27 percent. Meanwhile, the cost of property terrorism insurance in 2004 was unchanged from 2003, …

Fire Season Arrives – Are Flash Floods Next?

The Pacific Northwest is coming out of one of its driest winters on record, and emergency responders are bracing for an early and possibly severe wildfire season. But even in the midst of a drought, spring rains and thunderstorms can …

Calif.’s AB 975 Hearing Postponed Indefinitely

AB 975, legislation that would clarify the definition of broker in the California Insurance Code, was not heard in the Assembly Insurance Committee May 4, according to the American Agents Alliance. The hearing on AB 975 has not been rescheduled …

ACT! Now to Improve Sales – Contact Management for the Modern Agent

During the summer of 2004, ISU Curry Insurance, a commercial insurance brokerage, was looking for a way to keep track of its 6,000 contacts. The answer came with the introduction to an Act! consultant who unleashed the power from within …

Med-Mal in Washington — When Carriers and the Regulatory Body Cooperate

The medical malpractice market in Washington state has improved immensely in recent times, but the debate about tort reform is just getting started. Competing initiatives will be in front of voters this fall with the trial lawyers on one side …

Alaska Workers’ Compensation Bill Goes into Overtime

An Alaska committee of House and Senate members was unable to hammer out a compromise plan to revise workers’ compensation laws, leaving work on the bill to be completed during a special session scheduled to take place May 11. Senators …

Hawaii Faces Doctor Shortage Due to Rising Med-Mal Premiums

Hawaii faces doctor shortages in at least two fields, obstetrics and orthopedics, because fears of lawsuits and the rising cost of medical malpractice insurance premiums are forcing some to quit. Premiums for physicians who specialize in obstetrics-gynecology are high because …

Accident Victim’s Attorney Asks Court to Limit Access to Medical Records

A lawyer for a woman suing over injuries from a 2001 car accident asked the Colorado Supreme Court to limit the other side’s access to her medical records, saying insurance companies have abused such information and need to be reined …

People & Places

Rodney Pierson Seattle, Wash.-based Physicians Insurance A Mutual Company has announced that Rodney A. Pierson has been named senior vice president, CFO and treasurer. Pierson’s long history in finance includes his recent executive role with Shurgard Storage Centers Inc., and …