Monthly Archives: <span>January 2006</span>

CALIF AUTO RATE REGULATIONS

ARE YOU REALLY HURT? Investigating Accident Fraud ROCKY MOUNTAIN HIGH PCI Opens Denver Office

News Currents

Mercury Insurance Group CEO proposes voter initiative on auto reforms The head of Mercury Insurance is trying to get an initiative on the November election ballot that would undo auto insurance reforms in California and reduce the state’s ability to …

Allstate units agree to coverage checks sought after Ariz. wildfire

Two Allstate Insurance units have agreed to implement new procedures to re-evaluate coverage needs of homeowners-steps sought by Arizona regulators in the wake of consumer complaints after a devastating 2003 wildfire on Mount Lemmon. Allstate Insurance and Allstate Indemnity, both …

Insurance Helps Santa Fe Museums with Art Acquisitions

New Mexico’s Museum of Fine Arts has acquired a 1923 Stuart Davis painting, while the private Georgia O’Keeffe Museum has announced it has acquired another O’Keeffe painting and works by eight other artists. The Museum of Fine Arts received $700,000 …

News Currents

Mercury Insurance Group CEO proposes voter initiative The head of Mercury Insurance is trying to get an initiative on the November election ballot to restore portable persistency discounts. George Joseph, CEO of Los Angeles-based Mercury General Corp., submitted a proposed …

News Currents

Hawaii recognized as first state to be tsunami and storm ready The National Weather Service has declared Hawaii the first state in the nation to be tsunami- and storm-ready. Only 23 communities in the nation are tsunami-ready, according to.David L. …

GEICO reducing Colo. Auto rates

GEICO began reducing auto insurance rates for new policyholders in Colorado on Jan. 5. The company also said it would be reducing rates for existing policyholders beginning Feb. 20. According to the company, Colorado’s average rate decrease is 7.1 percent …

Spotlight: From Pinstripes to Prison Stripes

By Susan McKenna Once you get over the fear…you find that people are just people,” Michael “Mickey” Segal, 63, told an ABC-TV news anchor regarding concerns about other prison inmates in his new home at a South Dakota minimum security …

Spotlight: CA More Drive Law

New penalties for drunk drivers, street racers, and “pocket bike” riders-along with improvements to California’s teen driving requirements-are among the laws that took effect Jan. 1, 2006, according to the Automobile Club of Southern California. “Many of these laws are …

News Currents

Cooper & McCloskey buys Moore Special Risk Jim Moore, owner of Moore Special Risk, has sold his wholesale brokerage to Cooper & McCloskey Inc., a San Francisco-based wholesale brokerage started in 1997. The transaction was completed Jan. 1. According to …