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

National Statistics Show Wisconsin Great Buy on Auto/Home Insurance

National statistics show insuring your home and vehicle is cheaper in Wisconsin than nearly any other state, according a report from Wisconsin Public Radio. Data from the National Association of Insurance Commissioners shows the average combined home and auto insurance …

S.C. Big ‘I’ Names New Officers

The Independent Insurance Agents and Brokers of South Carolina, during its 2006 annual membership meeting named Jon A. Jensen, chairman of the board; Julius J. Anderson Jr., chairman-elect and treasurer; and W. Ashley Brady, Phillip A. Compton and Russell B. …

CHOICE Launches Workers’ Comp Physician Practice Analysis

CHOICE Medical Management Services, LLC has launched the first ever comprehensive workers’ compensation physician practice analysis. “This is the first provider analysis in the industry using data from the whole claim, medical, indemnity and total claim costs, as well as …

Best Report: What Price is Right? Who Will Blink First? Asks Industry

Those new to property and casualty insurance are reportedly first struck by the cyclical nature of the industry. Generally, extended periods of soft pricing are followed by much shorter periods of hard pricing. After three solid years of price firming, …

Colorado Defeats Legislation to Change Claims Practices for Liability Coverage

The Colorado House Business Affairs and Labor Committee has unanimously rejected an attempt to convert auto liability coverage into a quasi no-fault coverage for health care providers. The Property Casualty Insurers Association of America (PCI) testified against House Bill 1044, …

Tourtellott Joins Sloan Mason

Sloan Mason reported that Michael Tourtellott has joined its San Diego brokerage firm. Tourtellott has more than three years experience in the Southern California insurance market, and previously worked at G.S. Levine Insurance in San Diego. Sloan Mason (www.sloanmason.com) is …

Best Reacts to AIG Settlement

A.M. Best Co. maintains its existing under review status of the financial strength ratings (FSR) of member companies of American International Group Inc. (AIG) following AIG’s announcement that it has reached a $1.64 billion settlement ($1.15 billion after tax) with …

IBA West Opposes Workers’ Comp Ballot Initiatives

Earlier this week, leaders of California’s business community announced they would fight any efforts to reverse the workers’ compensation reforms enacted in 2004 (Senate Bill 899). The group announced the formation of a committee to oppose three pending workers’ compensation …

Evergreen Re Adds Sites

Evergreen Re, a HMO reinsurance broker, is opening new offices in Denver and Chicago. The new office in Denver would be headed by Mike Bible, account executive, and is located at 554 Charrington Court, Fort Collins, CO 80525. Carol Ann …

Measure to Expand Options for Okla. Small Business Moves Forward

A key plank of the Oklahoma Senate Democratic agenda to strengthen small business won the approval of a Senate Appropriations Subcommittee, according to the office of the lawmaker who sponsored a bill that would increase access to affordable health care …