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

Kan. Commissioner Warns Medicare Beneficiaries About New Scam

Insurance Commissioner Sandy Praeger wants Kansas seniors to know that the “$299 Ring” scam recently has escalated into a higher priced scam involving, in some cases, a new Medicare card, instead of a prescription drug plan. Callers are asking for …

Hazard Mitigation Grant Money Bolstering Fla. Improvement Projects

Manatee County, Fla. is installing state-of-the-art hurricane shutters on facilities responsible for treating and testing the county’s water supply; while Leesburg, Fla. in Lake County, is placing windproof hurricane barriers on four of its public buildings to protect first responders, …

Unitrin Direct Lowering Auto Rates in Colorado

Unitrin Direct is lowering auto rates 6 percent in Colorado. The reduction is largely due to recent legislative insurance reform, House Bill 1188, that shifted Colorado from no- fault insurance to a tort system on July 1, 2003, the company …

Employers Insurance Group Expanding in Arizona, Texas

Reno, Nev.-based Employers Insurance Group announced it is expanding its market for workers’ compensation insurance and services to small businesses throughout the states of Texas and Arizona. Insurance is being offered through Employers Compensation Insurance Company, one of the companies …

Willis Group Releases July Reinsurance Renewal Review

Willis Group Holdings has released its reinsurance review of the marketplace for the July 1, 2006 renewals. The report includes commentary from Willis Re experts on key global markets, examining recent trends and an insight into their future direction. Having …

Hub International Earnings Rise Sharply for 2nd Quarter

Hub International reported a 32 percent increase in revenue and a 286% increase in net earnings from continuing operations for Hub International Limited in the second quarter ended June 30, 2006 attributing the results to strong internal growth, acquisition revenue …

California State Fund Hosts Heat Illness Prevention Seminars

In light of recent heat waves throughout the state, California’s State Compensation Insurance Fund announced that it will increase the number of its free “Heat Illness Prevention” seminars and also open the seminars to the public. “The current unprecedented heat …

Orange County Agents and Brokers Host Golf Tournament

The Independent Insurance Agents and Brokers of Orange County will be hosting its 49th Annual Golf Tournament on Wednesday, Sept. 20th, 2006, at the Tustin Ranch Golf Club. There are three registration fees available: 1) $180 per person includes putting …

Citizens Property in ‘Strong Financial Postion’

Citizens Property Insurance Corporation has $5 billion in reserves to deal with potential losses as the 2006 hurricane season moves into the traditionally active month of August, according to Bob Ricker, president. “We are in excellent shape financially to deal …

Insurance Journal Presents Video Interviews with 15 State Insurance Commissioners

Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other issues. Insurance Journal reveals how they are handling the issues in a series of exclusive …