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

Ill. Mayor Accused of Steering Insurance Business for Payoffs

A suburban tavern owner was promised he would receive only “a slap on the wrist” for citations against his business because the agency he bought his insurance through was owned by a friend of the longtime mayor of suburban Niles, …

Ind. Economic Development Corp. Rolls Out Funded Training Program

The Indiana Economic Development Corporation (IEDC) today announced the roll-out of a new incentive aimed at encouraging growth in the insurance industry by establishing a $2 million fund to help companies defray the costs associated with numerous training and certification …

Carney Joins PMA Group as Product Development VP

The PMA Insurance Group announced that William G. Carney has joined the company as vice president of product development and management. Carney is responsible for the corporate underwriting management of PMA’s lines of business and product development initiatives. Carney was …

Bush Plan to Dismantle Energy Worker Safety Unit Comes Under Fire

A Bush administration proposal to dismantle an Energy Department agency that oversees nuclear and worker safety has run into opposition from a former energy secretary and others. New Mexico Gov. Bill Richardson, who was energy secretary under the Clinton administration, …

California State Fund Raised $50,000 for Community Programs in Past Decade

California’s State Compensation Insurance Fund’s Santa Rosa District Office employees have raised nearly $50,000 during the past decade for various charities including $3,000 at the recent 25th annual “Human Race.” State Fund’s donations helped the Volunteer Center of Sonoma County, …

California’s Mandatory Investment Reporting Unnecessary, Insurers Say

Legislation, sponsored by California Insurance Commissioner John Garamendi is unnecessary, will increase costs and will further complicate data collection, said the American Insurance Association (AIA). AB 925, authored by Assemblyman Mark Ridley-Thomas, D, requires insurers to report California community-related investments …

Colemont Names Brown Assistant Vice President

Colemont Insurance Brokers, Woodland Hill, Calif., is proud to announce the recent addition of Whit Brown to its team of property brokers as assistant vice president. Brown has more than 19 years of experience in the insurance industry. He has …

Ill. Insurance Director Says 2005 Cat Costs Shared by All Regions

Illinois’ freshman regulator Michael McRaith may be the new kid on the block, but he isn’t shy about sharing his views on national and regional specific issues. In a recent interview with Insurance Journal’s Susan McKenna, he described the fallout …

Data Brokers Brace for New Scrutiny by Congress

Private data brokers who covertly gather Americans’ telephone records without subpoenas or warrants on behalf of banks, bail bondsmen and even federal and local police are bracing for intensive scrutiny by Congress. These brokers, many of whom market aggressively on …

Mich. AAA, Coalition Host Press Conference Urging Veto of Helmet Bill

AAA Michigan today urged Governor Jennifer Granholm to veto legislation that would repeal Michigan’s 37-year-old mandatory motorcycle helmet law, saying that the new law would recklessly endanger Michigan citizens. During an 11 a.m. news conference conducted in the State Capitol …