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

Ill. AG: Home Improvement in Top 10 Consumer Complaints

Illinois Attorney General Lisa Madigan reported that for the first time in the history of the Illinois Attorney General’s Top 10 Consumer Complaint list, complaints related to gasoline pricing topped the list of consumer gripes. The gasoline complaints by far …

Insurance Company PR Director to Challenge Indiana House Speaker

Susan Fuldauer, a public relations director for Indiana-based American Income Life, has thrown her hat into the ring in a challenge for the seat of Republican Indiana House Speaker Brian Bosma. The Marion County Democratic Slating Committee chose Susan Fuldauer …

S&P Comments on ‘Alien Reinsurer’ Collateral Requirements

Standard & Poor’s Ratings Services has published an article titled, “Credit FAQ: Hotly Debated Collateralization Rule Change May Affect Insurer/Reinsurer Capital Needs,” which examines several of the issues surrounding the pros and cons of the collateralization requirements for alien reinsurers. …

S&P Affirms, Withdraws QBE (U.K.) Ratings Following Consolidation

Standard & Poor’s Ratings Services announced that it has affirmed its long-term “A+” counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer QBE Insurance Co. (U.K.) Ltd. with a stable outlook. At the same time S&P said it …

Up to 700 Women in West Not Told about Placenta Registry

As many as 700 women along the West Coast were not told that an institute financed by the insurance industry kept their placentas after giving birth in order to protect doctors and hospitals from potential lawsuits, according to a newspaper …

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 …

Washington L&I Offers Workers’ Comp Cards to Employers

To help ensure that employers are promptly notified of a workplace-injury claim, Washington’s Department of Labor and Industries (L&I) has created wallet cards that employers can fill out and give to their workers. The cards are available online at www.WalletCards.LNI.wa.gov. …

PIA of Fla.: Lawmakers ‘Mulling Over’ Filings; Bill to Require ‘Loyalty Clause’

A “loyalty clause” prohibiting insurers from canceling a policy for homeowners who have been with a carrier for three or more years is part of a bill filed in the Florida Legislature by Sen. Ron Klein, D-Boca Raton, according to …

Todd R. Soll Moves from Beverly Hills to Encino, Calif.

Todd R. Soll Insurance Services Inc., intermediaries for healthcare professional liability, has moved to larger offices in Encino, Calif. The new address will be 17547 Ventura Blvd., Ste 304, Encino, CA 91316. The national toll-free number will remain the same: …

Calif. Man Arrested on Workers’ Compensation Fraud

California Insurance Commissioner John Garamendi has announced the arrest of Alejandro Ruiz Lopez, 26, on felony charges of workers’ compensation fraud after an investigation revealed that Lopez allegedly falsified a claim stemming from his broken leg. Lopez was arrested by …