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

N.Y. Auto Ring Parked; 12 Indicted in Orange County

New York Attorney General Eliot Spitzer and State Superintendent of Police Wayne Bennett recently announced the indictment of 12 individuals involved in reported auto theft and insurance fraud in Orange County. The arrests were a result of a joint investigation …

Alaska Gov. Murkowski Signs Reform Regulations Bill

Alaska Gov. Frank Murkowski recently signed 18 bills into law, including legislation to reform insurance regulations. “I was pleased to sign these important pieces of legislation into law,” said Murkowski. “This Legislature addressed a number of important issues for Alaskans …

PIA Sponsoring Program to Aid Agents in Taking Back Personal Lines Market Share from Direct Writers

The National Association of Professional Insurance Agents (PIA) announced its sponsorship of a special program to help its members take back market share from direct writers. In cooperation with Agency Revenue Tools LLC, PIA has initiated its “Take Back Personal …

10 Companies, Nine Agents Fined Nearly $1 Million in W.V. in 2004

West Virginia Insurance Commissioner, Jane L. Cline, has announced that the Insurance Commission fined 10 companies and nine agents nearly $1 million dollars last year for violations relating to the insurance code of the State of West Virginia. “Insurance Commission …

Yelverton Joins Willis Group in San Diego Office

Willis Group Holdings, the global insurance broker, announced that Jack Yelverton has joined Willis’ San Diego, California operations as managing partner (CEO). In this new capacity, Yelverton is charged with identifying potential acquisitions, recruiting talented individuals and assisting producers with …

N.J. House Proposing Business Tax for Insurers; PCI Expresses Concerns

The Property Casualty Insurers Association of America (PCI) said Wednesday it is concerned with the New Jersey Assembly’s consideration of A-4401, legislation to impose a possible corporate business tax on insurers to help pay for the cost of tax rebates …

Ala. Task Force Recommends 60-Day Homeowners Policy Notice

The Alabama Hurricane Issues Task Force headed by Insurance Commissioner Walter A. Bell has recommended a new regulation that would force insurers to give 60 days notice to policyholders whose insurance will be changed or canceled, and concluded that Alabama’s …

Arthur J. Gallagher & Co. Purchases Classic Insurance Services

Arthur J. Gallagher & Co. announced the acquisition of Classic Insurance Services Ltd. of Lisle, Illinois. Terms of the transaction were not disclosed. Incorporated in 1983, Classic Insurance Services Ltd. offers medical professional liability services for their physician and surgery …

Agents Oppose Crop Insurance Premium Reduction Plan

The Independent Insurance Agents & Brokers of America testified Tuesday before a Senate committee on the ongoing question of the Premium Reduction Plan (PRP), which potentially opens the door for unqualified and poorly-trained individuals to sell crop insurance. Norman Nielsen, …

FAIA Targets PIA of Florida: Claims It Took Credit for ‘Big I’ Accomplishments While It ‘Gave Away the Playbook’

During two “Big I” conventions held in Florida in June, speakers accused the Professional Insurance Agents of Florida of taking credit for Florida Association of Insurance Agents accomplishments, while actually “giving away the playbook” to the opposition. The accusations were …