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

Neb. Man Found Guilty of Insurance Fraud, Sentenced to Prison

The Nebraska Department of Insurance recently released information about the conviction and sentence of Robert C. Fisher. Fisher, who was doing business as Fisher Auto Glass Inc., was found guilty and sentenced in the District Court of Lancaster County, Nebraska, …

Best Maintains Stable Outlook on Personal Lines Market Segment

A.M. Best Co. maintains a stable outlook for the personal lines segment in 2006 based on its favorable risk-adjusted capitalization and consistently strong operating profitability. Despite the impact from an unprecedented hurricane season in 2005, the segment is estimated to …

Nevada Approves Workers’ Comp Loss Costs Filing

Nevada Insurance Commissioner Alice A. Molasky-Arman has announced she has approved the National Council on Compensation Insurance filing for an average decrease of 0.3 percent for workers’ compensation voluntary insurance loss costs and an average decrease of 1.8 percent for …

Freeman Joins California’s Arthur Gallagher & Co.

Arthur J. Gallagher & Co. Insurance Brokers of California Inc. in San Francisco has announced that Mark Freeman has joined the firm as area president. He will be responsible for the San Francisco financial district operation and Gallagher Construction. Doug …

Calif. Palo Alto Groups Lose Bid to Break from ZIP Code for Auto Rates

Several hundred California residents who say they’re paying too much for car insurance tried and failed to convince the U.S. Postal Service to allow them to migrate to a ZIP code where insurers charge cheaper rates. The Palo Alto residents …

Mich. Insurance Consumer Brochures Now Available in Arabic

This week, the Michigan Office of Financial and Insurance Services released their most popular free consumer publications in Arabic. “Michigan’s ethnic diversity presents us with opportunities to provide information in a variety of forms,” said Commissioner Linda A. Watters. “Providing …

Terrorism Insurance: Pricing Steady, But Long Term Solution Needed, Says Expert

Pricing to cover terrorism risks is unlikely to change in the short term following renewal of the federal reinsurance program, however that could change quickly if there is another terrorist event, according to a n industry expert. Dr. James Valverde …

Bipartisan Proposal calls for Elected Commissioner in Fla.

Florida’s insurance regulator should have to answer directly to voters, several lawmakers said in proposing a constitutional change to return the job to an elected Cabinet post from an appointed one. While being pushed by Democrats, the idea also has …

Buchanan Named Director of Market Development at Republic

The Republic Group, headquartered in Dallas, announced the appointment of David Buchanan as Director of Market Development for the personal lines operations of the group’s insurance companies. Buchanan will be responsible for expanding Republic’s business opportunities within its regional footprint …

La. House Approves Bill Requiring Citizens to Pay Outstanding Debts

The Louisiana House of Representatives agreed to a bill that supporters say would improve investor confidence so the state-created insurance company for homeowners who can’t get insurance on the open market can borrow money to pay claims after the hurricanes. …