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

Regulators Adopt Model Criminal History Record Check

The National Association of Insurance Commissioners’ (NAIC) Market Regulation & Consumer Affairs (D) Committee recently adopted the Authorization for Criminal History Record Check Model Act during the NAIC Spring National Meeting. The Act provides the basic regulatory framework for the …

Agency Technology Summit to Teach Ga. Agents About Latest Hi-Tech Tools

An inside look at how to operate an agency more efficiently using technology will be presented March 28 during an “Agency Technology Summit” conducted in by Andy Siegel in Doraville, Ga. The Independent Insurance Agents of Georgia is sponsoring the …

N.Y. Charges Boxer in Family-Run Staged Accident Scam

A boxer was charged this week with fraud, accused days before a big fight of participating in a family ring that staged minor car crashes and made false insurance claims. Frank Houghtaling, his brother, sister-in-law, father, wife and another woman …

Maine Gov. Baldacci Proposes Self-Insurance for Dirigo Health Plan

Maine Gov. John Baldacci this week proposed a major change in the structure of Dirigo Health, his prized program which is developing into one of the most contentious issues in the young gubernatorial campaign. Baldacci wants to authorize Dirigo’s board …

Del. Nixes Medical Malpractice Subsidies for High Risk Doctors

A Delaware House committee has tabled a bill that would allow the state to use a portion of the Delaware Blue Cross system’s excess reserves to subsidize malpractice insurance premiums for doctors in high-risk specialties. The bill, which passed the …

St. Paul Travelers Mobilizes Cat Response Team in Midwest

St. Paul Travelers has deployed its Catastrophe Response Team to assist policyholders affected by the severe tornadoes and hailstorms in Illinois, Kansas and Missouri, according to a written statement issued by the company. In addition to catastrophe claim specialists, St. …

Calif. Truck Driver Pulled Over for Falsifying Insurance Claim

California Insurance Commissioner John Garamendi reported the arrest of Jesus Lerma, 51, from Riverside, after an investigation by the California Department of Insurance (CDI) Fraud Division revealed that it was not him, but his nephew, who was allegedly the driver …

AIG Issues 2005 Annual Report; Net Income for Year was $10.48B

American International Group Inc. (AIG) has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2005 with the Securities and Exchange Commission. Net income for the full year 2005 was $10.48 billion or $3.99 per diluted …

Insurer Groups Say Key Victories Marked Ind. Legislative Session

The session wasn’t easy or pretty for insurers, but the 2006 Indiana General Assembly concluded at midnight Tuesday with significant insurance-related successes, according to the National Association of Mutual Insurance Companies and its state insurance group partners. Tami Stanton, NAMIC’s …

Sirius Intl. Withdraws Application to do Business in Florida

Sirius International Insurance Corp. has agreed to withdraw an application it submitted to the Florida Office of Insurance Regulation for approval to do business in Florida as an eligible surplus lines insurer. The action occurred after representatives of Sirius and …