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

Utah Man Who Faked Death on Mountain Pleads Guilty

A St. George, Utah, man who faked his death on Pine Valley Mountain last summer and then fled to Australia pleaded guilty to one count of conducting a false or fraudulent scheme to obtain fees or services, a second-degree felony. …

Alaska Superior Court offers ruling on credit history in underwriting

An Alaska Superior Court recently ruled that credit history can be used in insurance underwriting. That is a major victory for consumers, according to the Property Casualty Insurers Association of America (PCI). “This decision upholds our contention that the use …

Calif. court decision expected to lower workers’ comp rates

In Star Roofing Company Inc. v. The Workers’ Compensation Insurance Rating Bureau (WCIRB), the California Insurance Commissioner recently issued a ruling that could affect the way workers’ compensation premiums are calculated for California employers covered by a carrier that subsequently …

Calif. insurance commissioner announces new regulations for auto insurance rates

California Insurance Commissioner John Garamendi has announced he is introducing new regulations that require insurers to base auto rates primarily on a driver’s record and not on ZIP code. According to the commissioner, he wants to fulfill the intent of …

Boom, baby boom 78 million and getting stronger

Marketing your products to baby boomers. Ongoing success in the insurance business depends on your ability to keep up with the latest market movements and the market is moving toward Baby Boomers. When evaluating your agency, you might ask yourself: …

Hurricane contractors: Working without a safety net

For the cleanup of New Orleans in the wake of Hurricane Katrina to progress, contractors engaged in this important work must be adequately protected from long-term and uncertain liabilities. As insurance brokers, we work with our clients across all industries, …

People & Places

Brad Moody Integro has hired three executives to serve in its San Francisco office. Michael J. Korn has accepted the position of managing principal of property practice, and Ted Doolittle has been appointed principal of executive risk practice. Larry A. …

FIRE BURNS IDAHO MALL

Several businesses at a Coeur d’Alene, Idaho- mall were destroyed in a fire in late December. The blaze was likely started by a heat cable in a drain pipe, fire department investigator Glenn Lauper said. Lake City Shoe Repair, 7-11, …

IJ Exclusive: Colorado Commissioner David Rivera Has Age and Experience

When David Rivera was appointed Insurance Commissioner by Colorado Governor Bill Owens in April 2005, he was the youngest commissioner in the United States. Despite his age, however, Rivera already had a wealth of experience, having served as the governor’s …

AUTO DEALERS COMPENSATION OF CALIF. RETURNS $9.6 MILLION

The trustee board of the Auto Dealers Compensation of California Inc. has announced an equity distribution of approximately $9.6 million to its auto dealership members. AD-COMP is a private workers’ compensation group self-insured program. The group covers 239 auto dealer …