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

Notable Quotable

“There’s a high pressure to perform at a high level … The bullet-proof balance sheet is ever more essential in today’s world.” — Dave Zwiener, president and COO of Property & Casualty Operations for The Hartford, speaking about capital and …

Montana’s Morrison loses race for Senate

Montana State Auditor John Morrison lost in the primary election to become the Democratic nominee for a U.S. Senate seat. Morrison placed second in five-person field, with 38,380 votes. The winner, State Senate President Jon Tester, D-Big Sandy, received 65,722 …

News Currents

California Election Results: Wins for Angelides, Garamendi, Bustamante California State Treasurer Phil Angelides defeated Controller Steve Westly in a bitter primary election battle to be the Democratic Party’s gubernatorial candidate. Angelides had 48 percent of the vote, to Westly’s 43.3 …

News Currents

California commissioner recommends 16.4 percent workers’ comp rate cut California Insurance Commissioner John Garamendi has recommended a 16.4 percent decrease in the workers’ compensation pure premium rate. The decrease would be applicable to new and renewal policies as of the …

Disaster backstop talk

At the Big “I” National Legislative Conference and Convention, panelists differed over a federal natural disaster backstop: “Allstate supports state pools that aren’t taxpayer funded but are put together by organizations whose welfare depends on good real estate markets,” said …

Tropical Depression: Hurricane linked to long-term mental distress

Do earthquakes and hurricanes affect mental health? Florida State University sociologists in Tallahassee have found that some South Floridians who survived Hurricane Andrew suffered mental health problems many years later, a finding that has led the researchers to predict even …

Ratings review

Safeco Outlook Positive Standard & Poor’s Ratings Services affirmed its “A+” counterpart credit and financial strength ratings on the Safeco Intercompany Pool members. S&P also affirmed its “BBB+” counterparts credit and senior debt ratings and “A-2” commercial paper ratings on …

Modesto, Calif. ranked car theft capital of the nation

The rural Stanislaus County community that’s grabbed unwanted headlines as home of convicted killer Scott Peterson and former U.S. Rep. Gary Condit now has another unflattering distinction: The nation’s car theft capital for the third year in a row. Modesto …

Editor’s Note: An idea that’s sunk?

The National Oceanic and Atmospheric Administration wants to provide funding for the majority of states in the nation to prepare for catastrophic tsunamis. That seems like a sound plan, but is it watertight? A recent report by the Government Accountability …

Pay less attention to delinquent accounts, call your good customers

Agents can make a difference in the perception of the insurance business if, instead of tracking and billing delinquent accounts, they turn everything around and call good customers, Kat Davis of Tower Hill Insurance in Gainesville, Fla., told Professional Insurance …