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

Federal Highway Bill Bans Vicarious Liability of Car Leasing Firms

When President George Bush signs the federal highway bill, New Yorkers will likely get a special bonus – the return of vehicle leasing, according to the car leasing industry. The federal bill includes a ban on vicarious liability – the …

DFS Tells PIA of Fla.: Global Insurance Group an ‘Unauthorized Entity’

Some Professional Insurance Agents of Florida members have contacted the association’s headquarters in Tallahassee to ask about Global Insurance Group Inc. headquartered in Aventura, Fla. Global has been aggressively advertising “one of the lowest windstorm rates” in Florida. PIA’s staff …

PIA of Fla. Plans September ‘Hurricane Lessons,’ Legislative Summary

The Professional Insurance Agents of Florida have scheduled four meetings in September during which it will presented morning “Hurricane Lessons” and an afternoon summary of Florida insurance regulations and new laws and regulations recently approved by the Florida Legislature. PIA …

Ohio Gov. Makes Appointment to WC Oversight Commission

Continuing efforts to safeguard the integrity of the Bureau of Workers’ Compensation investments, Ohio Gov. Bob Taft has appointed retired business executive Michael Koetters, of Glendale, Ohio, to the BWC Oversight Commission. Koetters replaces George Forbes, who resigned. “Michael brings …

Tucker Joins WSS in Los Alamitos

Pasadena-based Western Security Surplus Insurance Brokers Inc. announced the new hire of insurance veteran Judy Tucker as associate broker. Tucker will work out of the Los Alamitos office and will be responsible for supporting the brokerage team. Her duties will …

Mercury Announces 2Q Results

Mercury General Corporation reported net income of $73.6 million ($1.35 per share-diluted) in the second quarter 2005 compared with $78.1 million ($1.43 per share-diluted) for the same period in 2004. For the first six months of 2005, net income was …

Oceanwide’s Cargo Technology Chosen by IMU/OneBeacon

Oceanwide Inc., a Montreal, Quebec-based provider of Web-based cargo insurance management software, announced that International Marine Underwriters (IMU), a member of OneBeacon Insurance Group’s specialty segments, has selected Oceanwide’s Genoa insurance technology to support its cargo insurance platform. This will …

Texas Tech Law School Releases ‘Legislative Intent Roadmap’ on 2003 Lawsuit Reforms

Texas Tech Law Review has issued a comprehensive overview of lawsuit reform measures passed in 2003. According to an announcement released by the Texas Alliance for Patient Access, the 357-page article, the culmination of a year of review and written …

Okla. Employers May See Lower Workers’ Comp Costs

Oklahoma Insurance Commissioner Kim Holland expects workers’ compensation insurance costs for policyholders with licensed insurance companies to decrease because of benefit changes produced by a special session bill for workers compensation reform. Holland accepted the National Council on Compensation Insurance …

Texas Social Services Agencies Group Earns Dividend

Texas Mutual Insurance Company announced a purchasing group dividend to the Social Services Agencies of Texas (SSA) totaling $70,291. This marks the first year SSA has earned a Texas Mutual® purchasing group dividend. Group dividends are separate from the $50 …