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

Tort Reform Measures Advance in Florida, Pennsylvania

Hard fought victories have been achieved as tort reform legislation in Florida and Pennsylvania took significant steps forward, according to the Property Casualty Insurers Association of America. The Florida House sent to the Senate legislation (HB 145) that removes exceptions …

Atlanta Info Center Warns: Be Prepared for Avian Flu

Insurers could face several challenges for which they need to be prepared if avian flu develops into a worldwide pandemic according to researchers in the Atlanta-based LOMA Information Center, which says almost every line of business would be hit hard. …

Fla. ‘Bunny Drive’ to Provide Stuffed Animals for Hospitalized Children

The sixth annual “bunny drive” has been announced by the Independent Insurance Agents of Dade County. Stuffed bunnies sell for $15 each, or three for $30. Agencies and agents donating to the drive help brighten up a sick child’s day …

The Doctors Company to Reduce Malpractice Premiums in Texas by 18%

California-based medical malpractice insurance provider, The Doctors Company, reported that premiums for new and renewing policyholders in Texas will drop by an average of 18 percent beginning April 1, 2006, for new policyholders and July 1, 2006, for those renewing …

Okla. Senate Proposes Comprehensive Rural Fire Protection Plan

Oklahoma State Senator Jeff Rabon, chairman of the Appropriations Subcommittee on Natural Resources and Regulatory Services, announced that recent wildfires across the state have prompted the Senate to step forward with a plan designed to help create a safer Oklahoma. …

La. DOI Releases 2006 Medicare Supplement Comparison Guide

The Louisiana Department of Insurance Senior Health Insurance Information Program (SHIIP) has released its 2006 Medicare Supplement Comparison Guide. “We surveyed insurers throughout Louisiana and put together a guide that provides up-to-date information on Medicare supplement insurance policies,” said SHIIP …

Torchmark Corp. Moving Headquarters to Texas

Torchmark Corporation announced it is moving its corporate headquarters to McKinney, Texas, from Birmingham, Ala. McKinney, a north Dallas suburb, has been the home of one of Torchmark’s subsidiaries, United American Insurance Company, since 1996. Torchmark plans to retain its …

CIGNA HealthCare Expands CIGNA Custom Benefit Builder in Texas

CIGNA HealthCare announced it is expanding the availability of its new CIGNA Custom Benefit Builder to mid-sized customers in Texas. CIGNA Custom Benefit Builder gives consumers more choices and a way to build a customized health benefits plan to fit …

N.H. House Passes Premum Tax Cut for Insurers; Measure Now Goes to Senate

The New Hampshire House of Representatives has passed legislation (HB 678) supported by insurers and agents to reduce the state premium tax from two percent to one percent for property-casualty and life insurers. “This decrease in the premium tax would …

NASD, Minn. Department of Commerce to Host Annuity Roundtable, May 5

NASD and the Minnesota Department of Commerce will co-host an Annuity Roundtable in Washington D.C. on Friday, May 5. Participants will include a cross section of federal and state regulators, securities firm and insurance company executives, and consumer groups. The …