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

News Currents

Rates for D.C. taxis fall under 6-month policies Insurance rates for taxicabs in the District of Columbia are being reduced as the result of a change in policy duration. Acting Commissioner Thomas Hampton of the District of Columbia Department of …

ASBESTOS FUND ADVANCES

RETAILERS FIGHT BENEFITS N.Y., Md. laws violate ERISA? EMERGING RISKS Nanotech, welding rods and more QUALIFY YOUR NEW AIG’s $1.6 BILLION ‘NEW PATH’ Spotlight: Yachts & Boats Modern-day ancient mariners tINTERNATIONAL INSIDER Globally, one size does not fit all

Closer Look: Nonprofits

As they face pressure to do more with less, nonprofit organizations are increasingly modeling some of their fund raising, employment practices and even marketing of services after for-profit businesses. According to a recent study, this so-called “capacity building” process has …

News Currents

Although the bill is a priority for President Bush and Republican leaders in Congress, Republicans are split over the measure. $140 billion federal asbestos fund advances in Washington Sen. Patrick Leahy (D-Vt.) Supporters of federal legislation to create a $140 …

8 Conn. trucker, insurer at odds over certificate

Was coverage in place at time of fatal accident? 8 Rates for D.C. taxis fall New policy length stirs competition 10 Retailers challenge Md., N.Y. benefit mandates Claim federal ERISA law trumps state and local statutes 10 Sen. Schumer hits …

By Tom Smith

The value of insurance-to-value often overlooked When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value (ITV) calculations so they can charge the right premiums for the risks they assume. Adequate ITV is not an issue to be taken …

Medical Protective to Lower Rates for Texas Physicians

Medical Protective, a Texas admitted medical professional liability insurer, announced today it will reduce rates another 6 percent effective July 1, 2006. This reduction comes on the heels of two other decreases in the last 12 months, reducing malpractice premiums …

Arks. Updates Rules on Insurance Company Security Deposits

The Arkansas Insurance Department issued a Bulletin in order to inform insurer licensees about changes affecting statutory deposits under Arkansas Act 506 of 2005 in the captioned areas. Changes in Deposit Requirements – Ark. Code Ann. §23-63-206 (Supp. 2005) grants …

Fitch Affirms Ratings for CNA

Fitch Ratings has affirmed the ‘BBB-‘ long-term issuer rating and ‘BBB-‘ senior debt ratings of CNA Financial Corporation (CNA) and the ‘A-‘ insurer financial strength (IFS) ratings of CNA’s U.S. insurance subsidiaries. A full rating list is shown below. The …

New Online Calif. Service Available for License Renewals, Address Changes

California Insurance Commissioner John Garamendi reported that a new online system that will allow licensees to renew licenses and change their address of record paper free is available. Prior to the new service, licensees filled out paper applications that were …