Yearly Archives: <span>2006</span>

Editor’s Note: Repealing mandatory helmet law-not a wise choice

Another national holiday, Memorial Day, has just come and gone. The great memories of picnics, long bike rides, parades and afternoons at the beach are positive snapshots of the holiday. Unfortunately, vehicle accidents, injuries and deaths are also in the …

Hartwig predicts profitable 2006, premium growth grinding to a halt

The last 24 months have been traumatic for the insurance industry, but the profit picture for 2006 is quite good overall, Robert P. Hartwig, Insurance Information Institute senior vice president and chief economist said during the May 11 National Council …

“Well Heeled” consumers rank USAA, Chubb, American Family

USAA significantly outperformed its rivals in the property and casualty insurance category, according to a new Luxury Customer Experience Index survey (LCEI) from the New York-based Luxury Insti-tute, an independent research institution that voices the concerns of the high net …

People

Zurich announced that Oliver Ade has been named regional executive for the company’s North Central Region. Ade will be responsible for all business operations within the region, including profit-and-loss objectives, developing strategic marketing initiatives, and strengthening relationships with distributors and …

New Markets

Surgeons General Liability Nuts & Bolts: Avreco is now offering Bariatric and General Surgery Physicians Professional Liability coverage. Eligible risks must be certified by the American Board of Surgery or the American Osteopathic Board of Surgery, and also a member …

Insurers sue governor, state officials over diversion of funds from Ill. Auto Theft Program

In an effort to stop Illinois state government from illegally taking millions of dollars designated to fight auto theft, the Property Casualty Insurers Association of America (PCI) filed suit in the state’s Seventh Judicial Circuit Court challenging the constitutionality of …

States promise quicker insurance product, filing approval under new system with Interstate Compact

State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of lobbying, the required number of states—26—has …

Fraud Roundup

Ohio teens convicted in murder plot to collect insurance money A Toledo, Ohio, girl and her boyfriend, secretly living in her family’s house, were convicted of a plot to kill the girl’s mother in what the she said was an …

Allstate report ranks South Dakota drivers as safest

Residents of Sioux Falls, S.D., are the safest drivers in the United States, according to the second-annual “Allstate America’s Best Drivers Report.” The largest city in South Dakota moves up from the number two spot on last year’s report from …

Business Moves

Assurant, Safeco Financial Institution Solutions Assurant Inc., a provider of specialty insurance and insurance-related products and services, acquired all of the outstanding capital stock of Safeco Finan-cial Institution Solu-tions Inc. based in Seattle, Wash., a Cali-fornia corporation and indirect subsidiary …