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

Colemont’s Northern California President Retires; Successor Named

Bob Amado, president of Colemont’s Northern California offices, announced today his plans to retire effective Jan. 1, 2006. “Bob has been an excellent steward of the Colemont name since he joined our firm in 1997,” said Marshall Kath, CEO of …

Moody Adds Personal Lines Executive

Moody Insurance Agency, which specializes in insurance, risk management and bonding services for contractors, has marked the expansion of its growing personal insurance lines department with the addition of Vanessa Chapman, an insurance executive from Arizona, as Personal Lines account …

Acuity Expands to Kansas

Acuity said Friday that it will begin writing insurance in Kansas effective Jan. 1. The Sheboygan, Wis.-based insurer said consumers may receive policy premium quotes from independent agents who represent Acuity starting Dec. 1. With 800 employees and $1.6 billion …

CDI Amends Proposed “Action Notice” Filing Regulations

The California Department of Insurance has agreed to delete a controversial section of proposed regulations that would have required insurers to notify CDI whenever a notice of agency appointment was terminated “for cause.” California Insurance Code Section 1704 long required …

Judge Rules Insurance Carrier Doesn’t Have to Pay ClearOne

A federal judge has ruled that an insurance carrier does not have to help ClearOne Communications cover a $10 million settlement with its shareholders. U.S. District Court Judge Tina Campbell said ClearOne, a maker of audio and video conferencing equipment, …

Woman Who Took Insurance Case to Supreme Court Wins Settlement

Farmers Insurance has paid $760,000 to a 62-year-old Irish woman who successfully argued her claim before the state Supreme Court, despite having no college degree or legal training. Mary Mulcahy, of Seattle, was injured in a car accident in British …

California Seeks Owners of Items in State’s Lost and Found

Danny DeVito has a $26 check waiting for him from Allstate Insurance. Reese Witherspoon is owed nearly $100 by Tiffany Co. And California first lady Maria Shriver has more than $300 waiting for her in the state’s unclaimed property vault, …

Denham Springs Man Indicted in Insurance Fraud

A Denham Springs, La., lawyer accused of submitting doctored records to get money from an insurance company now faces an insurance fraud charge. An East Baton Rouge Parish grand jury indicted 31-year-old Douglas C. Dorhauer. Prosecutor Mark Pethke says in …

AGR-Lite Insurance Program Available for North Carolina Farmers

North Carolina farmers seeking whole-farm revenue protection insurance can now, through the AGR-Lite Insurance Program, guarantee a portion of their farm income and insure crops that previously were not covered under traditional crop insurance. The insurance can be purchased through …

Miss. Auto Insurance Law Doesn’t Require Punitive Damage Coverage, Court Rules

Mississippi state law does not require insurance companies to cover punitive damage awards in their automobile liability policies, the Mississippi Supreme Court has ruled. In 2002, Shelter Mutual Insurance Co. and Shelter General Insurance Co. sought to amend their Mississippi …