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

Crist, Fritschi & Paterson underscores value of relationships

Best Practices is an Insurance Journal column that highlights how some of the nation’s top-performing agencies run their operations. Insurance Journal Publisher Mark Wells recently interviewed Jack Fritschi, CEO of Crist, Fritschi and Paterson in Oakland, Calif. To listen to …

New Mexico Insurance Deputy accused of soliciting funds

A New Mexico insurance deputy has been placed on leave amid allegations he solicited charitable donations from a company that faced fines from regulators. Dan Mayfield, chief of staff for the state Public Regulation Commission, said Deputy Insurance Superintendent Joe …

Auto Club of SoCal reduced rates take effect in December

California’s fourth-largest provider of auto insurance has agreed to base its rates on safety and driving frequency rather than primarily on where a driver lives. The plan, to take effect Dec. 1, would cut some $133 million from the annual …

People and Places

Minneapolis, Minn.-based ING named Susan Anderson president and CEO of ING Trust USA. Anderson will lead the growth and development of personal trust and directed institutional trusts nationally. She has 15 years of multi-disciplined experience in financial and legal services, …

New Markets

Homeowners in Arizona Nuts & Bolts: Abram Interstate Insurance Services Inc. in Rocklin, Calif. is offering homeowners coverage in Arizona. The program includes high risk properties, seasonal homes, brush areas, protection classes 1-10, older homes and homes with losses. High …

California revises proposed mileage verification regulations

The California Department of Insurance has revised its proposed “odometer verification” regulations, deleting provisions that would have authorized insurers to require agents to verify the mileage if they met in person with an applicant or policyholder. Yet insurance associations still …

Utah board recommends traffic tickets not be reported to insurers

The Holladay Citizens Advisory Board in Utah has recommended some traffic tickets not be reported to insurance companies so the offenders’ premium rates don’t increase. The proposal is opposed by the community’s leading law enforcement officer and has received mixed …

Industry cannot ignore Hispanic buying power

As might be expected, diversity was discussed in virtually all lines — employment practices liability insurance, commercial, health, Mexican and life — among other agency management topics at the recent Latin American Agents Association 7th annual convention & 1st annual …

FEMA CHANGES RULES; WHO SHOULD PAY?

The Federal Emergency Management Agency (FEMA) recently issued new flood maps that require people in many parts of New Orleans to elevate their houses, according to Jeff Albright, CEO of the Independent Insurance Agents of Louisiana. “When you talk of …

California agency approves change in auto insurance law

A state administrative office approved changes to California’s insurance law, clearing the way for regulations that will force insurers to base premiums on drivers’ records instead of their address. The action should result in lower premiums for many drivers, said …