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

Best Affirms FSR for Chubb

A.M. Best Co. has affirmed the financial strength rating (FSR) of A++ (Superior) of the property/casualty subsidiaries of The Chubb Corporation (Chubb) and has affirmed the issuer credit ratings (ICR) of “aa-” and “aa+” of Chubb and Federal Insurance Company, …

Spring Break Prime Time for Home Break-Ins, Rocky Mountain Insurance Information Association Says

While enjoying Spring Break, the Rocky Mountain Insurance Information Association recommends homeowners and renters make sure they don’t leave behind an open invitation for burglars. Tipping off thieves that you’re away from home can easily be avoided by following a …

Hawaii Leads Nation in Motorcycle Theft, Says Progressive

Honolulu motorcycle riders are most likely to have their bikes stolen, although the city is the 53rd largest metropolitan area, according to a recent study by Progressive Group of Insurance Companies. A motorcyclist in Honolulu is four times more likely …

Okla. Bill Seeks Protection for 9-1-1 Dispatchers Against Lawsuits

Legislation protecting emergency medical dispatchers from lawsuits has passed the Oklahoma House Appropriations and Budget Committee. The House of Representatives reported that House Bill 2879, by State Representatives Doug Cox and Larry Glenn, gives “emergency medical dispatch” protection against lawsuits …

Study Says Californians Unmotivated to Prepare for Next Disaster

Californians believe that their state is prone to disasters, but see little motivation to prepare for nature’s crushing blows, a new poll has found. The poll, sponsored by the Insurance Information Network of California and Fireman’s Fund Insurance Company, found …

Texas Cities Ticketing Uninsured Drivers and Towing Vehicles

More than a dozen Texas cities have enacted ordinances allowing police officers to ticket uninsured motorists and tow their vehicles, the Insurance Council of Texas reported. The policy has begun to spread rapidly as city officials and their constituents express …

Legislative Issues to be Discussed at Florida Big ‘I’ FAIA ‘Fly-In’

Legislation issues affecting insurance agents will be discussed by guest speaker Rep. Dennis A. Ross, D-Lakeland, and other industry leaders during the Annual Legislative “Fly-In” being held March 29 to 30 by the Florida Association of Insurance Agent’s in Tallahassee. …

Texas Windstorm Underwriting Workshops Planned for May/June

The Texas Windstorm Insurance Association announced it will hold “underwriting basics workshops” in various locations throughout the state. TWIA noted that these workshops will help new agents/agency personnel gain the knowledge that is essential for the successful submission of applications …

TDI Clarifies Rules on Voluntary, Informal Work Comp Networks

The Texas Department of Insurance reported that it has received a number of inquiries from interested parties and legislative offices related to the continued existence of informal or voluntary workers’ compensation networks after the passage of House Bill 7 during …

TDI Orders Two Bond Companies to Cease and Desist

The Texas Department of Insurance announced it recently took action against two bonding companies operating in the Houston area. Both companies, International Fidelity & Surety Ltd. and Providential Surety Company Ltd., were issuing surety bonds without a license and therefore …