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

N.J. Supreme Court Lowers Standard for Proving Insured Committed Fraud

The New Jersey Supreme Court has set an easier standard of proof for an insurance company suing an insured for fraud than a lower court had required. Instead of proving fraud by “clear and convincing evidence,” an insurer suing under …

N.C. Disaster Planning Guide Published

The Independent Insurance Agents of North Carolina has published its disaster planning guide for members and the general public. Bill Bingham, IIANC president said the guide will be useful to all North Carolina residents when planning for disasters. “All North …

Fla. Forum Topic: Disappearing Markets, Looming Hurricanes

Challenges like disappearing markets, looming hurricanes and the quest to add more to the bottom line will all be addressed during a Professional Insurance Agents of Florida Member Forum on May 12 in Orlando at the Caribe Royale Resort. The …

Florida AG Files Bid-Rigging Action Against Marsh & McLennan

Florida Attorney General Charlie Crist has filed a civil complaint against Marsh & McLennan Companies Inc., alleging that the company illegally manipulated insurance markets to obtain improper commissions and engaged in bid-rigging. In a joint action, the Attorney General’s Office …

Increasing Cost of Insuring Mont. Jockeys Threatens Racing

Costs for insuring jockeys at Montana race tracks are going up, and some communities say the expense threatens their ability to continue holding races. Miles City, Mont., which hosts three days of horse racing, two of them during the annual …

California Bars Workers from Neverland Ranch Due to Insurance

Michael Jackson has been ordered to pay a $69,000 fine and remove 69 employees from his Neverland Ranch in Los Olivos, Calif., for allowing workers’ compensation insurance to lapse at the exotic estate that has been home to elephants, orangutans …

Wash. Ag Groups Praise Lawmakers for Farm-Friendly Session

Agriculture really is No. 1 in Washington. After years of complaining about being overlooked and ignored by majority lawmakers west of the Cascades, farmers gained ground on nearly every major issue they brought forward during the 59-day legislative session, including: …

Ill. AG Warns Residents to Guard Against Home Repair Fraud

As Springfield and central Illinois homeowners and businesses assess the damage from a tornado Sunday evening and the severe storms and wind that struck in a second and third wave, Attorney General Lisa Madigan has warned all Illinoisans to protect …

AFS/IBEX Financial Services Promotes Three in Western Region

AFS/IBEX Financial Services Inc., Newport Beach, Calif., has promoted three staff members from its western region. Jerry Frith, has been named vice president of operations. He was previously operations manager for the company in Dallas, and has 17 years of …

Aon Study Reveals Investors More Intolerant of Catastrophe Risk

Aon Re Global announced today that it has produced research on the impact of earnings volatility on shareholder value for insurers and reinsurers. Hurricane Katrina and the entire hurricane season provided an interesting opportunity to observe, at an event and …