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

Ark. shooting not covered by insurance policy

An auto insurance company does not have to defend a customer in St. Francis County who, while sitting in his pickup truck, shot another person through the wall of a house, the Arkansas Court of Appeals has ruled. Judges reversed …

Texas, Louisiana surplus lines premium decreases in 2005

Insurance Journal South Central–Arkansas, Louisiana, Oklahoma and Texas–vary widely in the amount of premium written in any given year. Texas has the biggest surplus lines market, followed by Louisiana, Oklahoma and then Arkansas. While the Arkansas market is small, it …

Hurricane fatigue

One decried a system in which wealthy waterfront property owners are being subsidized by less affluent property owners and taxpayers: “If the state is going to continue to attract new residents, it will have to make them pay for the …

People and Places

Charles F. Taylor, CPCU, ARe, has joined ISU International as regional sales manager in ISU’s Indianapolis office, announced T.J. Ryan, III, president. The ISU Group is a national network comprised of 90 select agencies. All of the member offices remain …

AIG settles with Michigan for more than $5.2 million

Attorney General Mike Cox reported that American International Group Inc. and its subsidiaries (AIG) have paid more than $5.2 million to the state of Michigan, representing the underpayment, with interest, of workers’ compensation premium taxes and related fees and assessments …

Wausau Signature Agency unveils new Employee Benefit Division

Wisconsin-based Wausau Signature Agency has unveiled its new Employee Benefits Division with comprehensive sales, marketing and service capabilities to fully complement its traditionally-strong property and casualty products and services. Rod Flanders has been named as the WSA vice president-Employee Benefits. …

Agents: Federal proposal will be Trojan horse for optional federal charter

The National Association of Professional Insurance Agents recently reaffirmed its opposition to any proposals that call for a so-called “optional” federal charter for insurers. “Those who want to dismantle state regulation of insurance and replace it with a federal government …

Fraud Roundup

Mo. AG sues man posing as lawyer; victim sought insurance claim Missouri Attorney General Jay Nixon has filed suit against a Springfield man who allegedly took advantage of a local woman by claiming to be an attorney for the NAACP. …

SOLAR STORM IN 2012 COULD CREATE BLACKOUTS, AFFECT GPS SYSTEMS

The next 11-year solar storm cycle is expected to be 30 to 50 percent stronger than the current one, and could slow satellite orbits, disrupt communications, bring down power systems, and force airplanes to take alternate routes to avoid the …

New Markets

Contractors Construction LiabilityNuts & Bolts: Lincoln Insurance Company (A.M. Best’s “A-” Rated) increases its role in the marketplace by teaming with First Capital Group’s Midwest Contractors Construction Program. The program is available in Illinois, Indiana, Wisconsin, Michigan, Iowa Oklahoma, Missouri, …