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

Nonprofits invite new exposures when they act like for-profits

As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fundraising, employment practices and marketing of services after for-profit businesses. According to a recent study, this has risks for charitable, social service and …

AGENCY MANAGEMENT RESOURCE GROUP HOLDS PRODUCER SCHOOL

The Ultimate Producer School, provided by Agency Management Resource Group (AMRG) is hosting its next school starting in April 2006 in Sacramento, Calif. The school combines technical coverage information, emphasizing commercial insurance, with training and business development planning. It also …

Reduced rates and renewed competition in Calif.

California workers’ compensation insurance rates are taking a turn for the better. Thanks to reform legislation, employers should have more access to reasonable rates. In fact, rates are roughly equivalent to 1995 rates, according to the California Division of Workers’ …

FARMERS FINED $1 MILLION

Farmers Insurance Group has been fined $1 million following settlement negotiations about how it handled consumer claims. Farmers, consisting of Farmers Insurance Exchange, Fire Insurance Exchange, Mid-Century Insurance Co., and Truck Insurance Exchange, agreed to the settlement to resolve a …

CALIFORNIA CREATES WEB SITE

The California Department of Insurance has launched a new Web site to fight workers’ compensation fraud . The site, accessible on the California Department of Insurance (CDI) web site (www.insurance.ca.gov), will provide regularly updated data on workers’ compensation fraud convictions …

Fraud Roundup

Two Suspects Arrested for Auto Insurance Fraud Two Elk Grove, Calif., residents were arrested on insurance fraud charges related to the alleged staged theft, arson, and subsequent insurance claim for a vehicle belonging to one of the suspects. According to …

Colo. senate wants insurers to pay medical bills

Auto insurers would have to pay ambulance and emergency room bills in car accidents, under a measure backed by a Colorado Senate panel. Officials for hospitals and ambulance services said someone needs to help them pay for people who don’t …

Oregon starting program to track medical mistakes at hospitals

Oregon has started its program to track medical errors at hospitals and determine what could have been done to prevent them. The Oregon Patient Safety Commission unanimously approved rules and guidelines for its effort to get hospitals to report serious …

Workers’ comp court case could cost Montana fund over $200 million

A looming workers’ compensation court case could cost Montanans $100 million and force a roughly $160 million rate hike for business buying insurance from the Montana State Fund, the agency’s top official said. Laurence Hubbard, president of the Montana State …

Washington Senate passes emergency readiness bill

A measure to improve Washington’s emergency readiness passed the state Senate, after a lawmaker agreed to bend to insurance industry insistence that the $5.7 million needed come from the state and not a surcharge on insurance plans. The bill passed …