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

New rules mean bytes of electronically stored info could have big bite

Insurance agents want to avoid litigation, but it is not always possible. When agents become involved in litigation in federal court, it is important for agents and their attorneys to understand the new Federal Rules of Civil Procedure governing electronically …

Declarations

All I want for Christmas is … “On our Christmas wish list is to have somebody come back into the residential artisan contractor market. Pricing has gone way up for small guys in the artisan contractor/residential market.” — Barbara Parker-Hatch, …

Climate change, reinsurance and Lloyd’s

N1 36 Poizner poised to lead Insurers hope for friendlier climate 40 Electronically stored information Agents must heed new rules 10 Calif.’s uninsured motorists

Hawaii issues captive license to MHC Insurance

The Hawaii Department of Commerce and Consumer Affairs Insurance Division has granted a captive license to MHC Insurance Co. Ltd., which participates in insuring the worldwide risks of its Japanese-related owners and affiliates. Hawaii Insurance Commissioner J.P. Schmidt noted that …

People Members of the National Association of Insurance Commissioners elected 2007 officers during the group’s winter meeting in San Antonio, Texas. NAIC named Alabama Insurance Commissioner Walter Bell president, Kansas Insurance Commissioner Sandy Praeger president-elect, New Hampshire Insurance Commissioner Roger …

Figures

5.9% Decrease in average total combined auto insurance premium in Colorado from 2003 to 2004, according to the National Association of Insurance Commissioners’ “2003/2004 Auto Insurance Database Report.” According to the report, Colorado had the largest decrease in that time …

Business Moves

Oregon Insurance Division, American Standard The Director of the Oregon Department of Consumer and Business Services Insurance Division reported that American Standard Insurance Company of Wisconsin entered into a stipulation agreement, based on an enforcement action by the Department. According …

Fraud Roundup

Alaska man guilty of reinstating policy before reporting accident An Alaska man has pled guilty to theft in the second degree, a class B felony, stemming from a fraudulent insurance claim, according to the state Division of Insurance Office of …

National Council on Compensation Insurance proposes increase for workers’ comp loss cost rates

The National Council on Compensation Insurance has submitted a filing for an average increase of 3.4 percent for workers’ compensation voluntary insurance loss costs in Nevada, according to state Insurance Commissioner Alice A. Molasky-Arman. The NCCI has also filed for …

10 Calif. agents may get more calls from uninsured motorists

State issuing record number of registration suspension notices 10 Nevada proposes workers’ comp loss cost rate increase Inflationary pressures moving prices upward 11 Hawaii issues captive license to MHC Insurance Marks 200th captive license granted in the state MARKET FEATURES …