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

Liquor distributors not liable for drunken driving crash

Liquor distributors cannot be held liable for a drunken driving crash during an Indian casino promotion that injured a Las Cruces, N.M., family, the state Court of Appeals has ruled. The May 2003 crash injured Joseph and Peggy Chavez and …

COUNTRYWIDE LAUNCHES AUTO PRODUCT IN COLORADO, ILLINOIS, INDIANA, NEVADA

Countrywide Financial Corp. announced that Countrywide Insurance Group’s automobile insurance product is now available to consumers in Colorado, Illinois, Indiana and Nevada. The product was first introduced in Arizona in Sept. 2006. According to a company statement, residents can obtain …

Can the stand-alone market withstand TRIA ending?

The market of last resort may soon become the only option for thousands of policyholders if the Terrorism Risk Insurance Act (TRIA) sunsets and property/casualty carriers stop offering terrorism coverage. With a recent government report suggesting that TRIA should not …

Motor vehicle theft declines in California, but violent crime increases

California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the same period in 2005, while violent crime increased by 4.1 percent …

Deceased employee’s estate not entitled to workers’ comp benefits, appeals court rules

The Second Applegate Court of California has ruled in Six Flags Inc. vs. Workers’ Compensation Appeals Board, et. al. that it is unconstitutional to award a $250,000 worker’s compensation death benefit to the estate of an employee who suffers fatal …

BENEDUCCI NAMED FIREMAN’S FUND CEO

The Board of Directors of Fireman’s Fund Insurance Co. has elected Joseph J. Beneducci as CEO of the property and casualty insurance company. His appointment takes effect on Jan. 1, 2007. Beneducci previously served as president and chief operating officer. …

Ho hos and no nos

Santa is in the malls, families are stringing lights across the fronts of their houses and placing menorahs in windows, and the music of various faiths can be heard on radio stations. The holidays — from Christmas to Hannukah to …

Safeco Appointment Creates Controversy

The Associated Press is reporting that the recent appointment of Juan Vargas to serve as Safeco’s vice president of external relations is creating controversy. “The appointment of the San Diego lawmaker to one of the largest insurance companies in the …

University of Washington Law Dean Subject of Ethics Complaint

The University of Washington Law School dean is facing an ethics complaint over his use of school time and computers for e-mail relating to his work as a State Farm Insurance board member. W.H. “Joe” Knight Jr. could be fined …

Farm Insurer Must Pay $512,000 in Restitution for Fraud Scheme

The former president of Crop Hail Management Inc. in Bigfork, Mont., has been sentenced to more than three years in prison and ordered to pay $512,000 in restitution for money laundering and fraud. Myron “Mike” Felt, 77, earlier admitted defrauding …