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

News Currents

Employers offering health coverage in California declining California has the most number of people without insurance coverage compared to any other state – and the number of employers offering health insurance plans is declining. According to a recent “Snapshot of …

Study ranks states on workers’ comp premiums; Alaska highest

The Oregon Department of Consumer and Business Services (DCBS) has issued its biennial study on national workers’ compensation premiums, and noted that Alaska has the highest rates of all 50 states and the District of Columbia. In its ranking, Oregon …

Number of western businesses buying property terrorism coverage increases dramatically

Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, an increase from the 2003 average of 27 percent and up from 50 percent in 2004. A report from insurance firm Marsh …

New Markets

Monoline Auto Classes, Small Commercial Businesses Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company announced it has opened 257 existing America Premier classes for monoline auto and added 238 …

Colo. imposes new procedures for surplus lines

Colorado has implemented new procedure changes for surplus lines brokers. Beginning Jan. 1, 2007, surplus lines brokers in Colorado will need to report their monthly policy and endorsement transactions directly to the state’s Division of Insurance, rather than report to …

Business Moves

ICAT Holdings, Lloyds ICAT Holdings LLC of Boulder, Colo., created a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support underwriting of U.S. catastrophe-exposed properties. ICM Syndicate 4242 will begin underwriting business on Jan. 1, …

It Figures

4.4 Million The number of Mattel play sets recalled because of injuries to several children who swallowed magnets that fell off. The Consumer Product Safety Commission, which an-nounced the recall of magnetic Polly Pocket sets as the holiday gift-buying season …

News Currents

Texas commissioner approves TWIA rate hike Although not as substantial as those sought by the Texas Windstorm Insurance Associa-tion, Texas Insurance Commis-sioner Mike Geeslin signed an order on Nov. 15 giving TWIA rate hikes of 3.7 percent for commercial property …

Homeowners want insurance carriers to offer identity theft coverage

More than 40 percent of consumers would like their homeowners insurance carrier to offer coverage for identity theft, according to a study released by J.D. Power and Associates. The “2006 Homeowners Insurance Study” reported that identity theft insurance is second …

Declarations

Are the elves at work? “Just because it’s close to Christmas doesn’t mean the governor has to be Santa Claus. That’s not what the special session should be.” — Louisiana State Rep. Steve Scalise, R-Metairie, a member of the House …