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

N.Y. Gov. Pataki’s Veto Upholds Drunk Driver Exclusion Law

New York insurers applauded Governor George Pataki’s veto of legislation (S.5578/A.5158) which would have required auto insurers to pay the medical bills of drivers who injured themselves while driving drunk. “Auto insurance does not cover injuries resulting from illegal, intentional …

Coroner Says 5-Year-Old Boy Briefly Survived Greek Plane Crash; Died From Smoke Inhalation

At least one child on the doomed Cypriot Airline that crashed last Sunday in the mountains north of Athens, Greece survived the initial impact, but died shortly after from smoke inhalation. In all, 121 people died when the plane went …

Tower Group Appoints Song for Corporate Development

Tower Group Inc. has named Thomas Song as managing vice president of corporate development. He will report to Michael H. Lee, Tower Group Inc.’s president and chief executive officer. Song’s primary responsibilities will be to manage the sourcing and execution …

N.Y. Agents Back Financial Information Breach Notification Law

Businesses must notify New Yorkers when their financial and personal information has been compromised under a measure that has become law in New York. The Information Security Breach and Notification Act, which takes effect in December, will require businesses that …

Credit-based Insurance Scoring in Renewal Policy Underwriting Essential for Accuracy

The National Association of Mutual Insurance Companies will testify at an Alaska Division of Insurance hearing that, “at renewal, insurance carriers need the flexibility to engage in a total circumstances analysis of the basis for the change in a consumer’s …

AAIP Installs New Officers for 2005/2006

The Austin Association of Insurance Professionals (AAIP) announced the election and installation of the following officers for the upcoming 2005/2006 fiscal year: President Polly Middlebrook, First Vice President Susan Fortner, Second Vice President Bonnie Miller, Treasurer Linda Berndt, Recording Secretary …

Kansas Official Appointed to SILA

Kansas Insurance Commissioner Sandy Praeger announced today that LeRoy Brungardt has been appointed to serve on the Executive Committee of The Society of Insurance Licensing Administrators (SILA). Brungardt is Director of Agents and Licensing for the Kansas Insurance Department. “Only …

AVRECO Appoints Gloppe Professional Liability Underwriter

AVRECO, a wholesale insurance brokerage based in Chicago, has announced the appointment of Marcia Gloppe as an underwriter in the professional liability underwriting department, headed by Linda Deiss. Gloppe began her insurance career in 1978 with Warner Insurance. She has …

The Garamendi Agenda: Producer Regulations Version 2.0

WIAA Calls Latest Set of Regulations “Agency Killer”; Calls on Coalition To Stick Together. Rancho Cordova…Although soundly defeated in the legislature earlier in the year, the Garamendi Agenda remains alive and well according to The California Department of Insurance’s Chief …

Media/Professional Insurance Offers Expanded Cyber-Risk Coverage

Media/Professional Insurance of Kansas City, Mo. has released an enhanced policy form for its CyberLiability Plus (TM) coverage, which protects Web-based businesses and their content against liability. The original policy form was introduced in 1999 as one of the first …