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

National Alliance Announces 2005 Outstanding CSR of the Year Award Winners

The National Alliance for Insurance Education & Research has announced the selection of the state winners of the 2005 National Outstanding CSR of the Year Award. This honor originated in 1991 to recognize the contributions of customer service representatives within …

Okla. Commissioner Suspends Home Warranty Company’s License

The Oklahoma Insurance Department reported that Insurance Commissioner Kim Holland has suspended the license of Covenant Home Warranty Corporation. The action will stop the Tulsa company from soliciting, acquiring or issuing new service warranties or accepting premiums until further examination …

TDI Pleased with Success of Fraud Fighting Dallas County DA

The Texas Department of Insurance reported that Dallas County Assistant District Attorney, Kyson Johnson has been on the job for only a few months, but has made the most of that time. In just the first quarter of 2005 Johnson …

American E&S Rolls Out Oil and Gas Program

The Houston office of American E&S recently announced a new Oil and Gas Insurance program. The program focus is Oil and Gas Exploration and Production Companies. This new program features Control of Well insurance coverage at competitive rates, flexibility and …

Marsh Names Sinnott Vice Chairman

Marsh & McLennan Companies Inc. (MMC) announced that John Sinnott has been named a vice chairman of MMC, Office of the CEO, effective July 1, 2005. He joins MMC International chairman Mathis Cabiallavetta as a vice chairman of MMC. Sinnott …

Father, Son Charged With Workers’ Compensation Fraud

A father and his son are facing workers’ compensation fraud charges in Jacksonville, Fla. for allegedly not having the required workers’ compensation coverage for employees, resulting in more than $1 million in evaded premiums. The arrests on Wednesday were the …

Businesses Hit Treasury Terrorism Insurance Report

The business lobby, Coalition to Insure Against Terrorism, is blasting as “flawed” and illogical the Treasury Department’s report recommending against renewal of the federal Terrorism Risk Insurance Act in its current form. Meanwhile, the insurance industry seemed grateful that the …

Treasury Report on Terrorism Insurance: Exec Summary

The following is the Introduction and the Executive Summary of the June 30, 2005 report from the Treasury Department on the Terrorism Risk Insurance Act of 2002 including its assessment of the act and recommendations for Congress on whether to …

Calif. Workers’ Comp Rate Regulation Bill Fails Passage

The California Assembly Insurance Committee said June 29 now is not the time for rate regulation and it was too early to judge the impact of the historic workers’ compensation reforms (SB 899) on rates, reported the American Insurance Association. …

Oxnard Agency Owner Bob J. Corbett Passes Away

Bob J. Corbett, co-owner and founder of R.J. Corbett Insurance Services in Oxnard, California, passed away on June 18, 2005 due to injuries sustained in a fatal motorcycle accident at the age of 45. Corbett founded R.J Corbett Insurance Services …