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

News Currents

Political furor arises over proposed SW Idaho flood map expansion As local officials work to boost southwestern Idaho’s economy, the National Flood Insurance Program may expand its flood-plain maps — which could cost residents and business owners millions in additional …

Bolton & Co: Providing resources for customers produces profits

Developing a Web presence is not the primary focus at Bolton & Co. Insurance Brokers — developing the skills of employees and building relationships with customers is the chief concern. After all, when employees have the knowledge to help customers …

News Currents

Safeco lists on NYSE, hopes to grow by improving agent incentives Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors. In a question and answer session following …

It Figures

$46 Million Run rate savings Safeco said it put into paying additional agent commissions because it believed its commission program wasn’t competitive with other carriers. Safeco said because of its commission changes, it has some improvement in renewal retention. 19 …

THE LOCOMOTIVE

N10 INSURANCE TRAIN Excess and surplus lines market continues to push growth, innovation 8 Safeco Lists on NYSE CEO Reynolds shares growth plans 10 Fireman’s Fund Picks New CEO Joseph Beneducci picked to lead 132 Agency Best Practices Bolton & …

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 …

Dissecting a claims made policy

Editor’s note: This is the first installment in a three-part series discussing the anatomy of a claims made policy. Parts II and III will be printed in future issues of Insurance Journal’s West region publication. You’ve heard the phrase: “If …

News Currents

Deceased employee’s estate not entitled to workers’ comp benefits, appeals court rules The Second Appellate 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 …

A state-based insurance safety net

From almost the moment Gramm-Leach-Bliley was signed into law in late 1999, discussion turned to the question of state or federal regulation for insurers. Debate continues with participants anxiously assessing the impact of this year’s election results on their interests. …

St. George, Utah, tanked most secure place to live

St. George, Utah, is the most secure place in the nation to live, according to the third annual “Most Secure U.S. Places to Live” rankings from Los Angeles-based Farmers Insurance Group of Companies. The rankings, compiled by www.bestplaces.net, evaluated communities …