Monthly Archives: <span>January 2007</span>

Figures

5 Number of days California experienced freezing temperatures in January, which wreaked havoc on the state’s citrus crops. 148 Number of extra emergency sirens the Honolulu Star Bulletin says are needed to cover gaps in the state’s four counties. Emergency …

News Currents

Oregon task force aims to improve construction Oregon’s Construction Claims Task Force has released a report noting 11 recommendations to help protect homeowners from construction defects and ensure affordable liability insurance for contractors. Highlights of the recommendations include: • Changing …

Excess, Surplus & Specialty Markets

N18 2007 Excess, Surplus & Specialty Market Directory, Vol. 1 132 Coping with catastrophe Ten things agents and brokers can do to help clients obtain adequate cat coverage

8 Customer satisfaction doesn’t guarantee agent, insurer loyalty

U.S. has second-highest level of satisfaction 9 Calif. Commissioner Poizner sworn in Vows to keep office independent, nonpartisan 10 Calif. declares claims emergency Freezing temperatures create citrus losses 12 Biggest U.S. property cat losses were away from coasts Indiana, Missouri, …

News Currents

Report: Customer satisfaction doesn’t guarantee loyalty The insurance industry needs to improve its customer retention strategies, because a satisfied customer isn’t always a loyal one, according to the World Insurance Report, an international study of more than 10,000 insurance customers, …

Calif. declares insurance claims emergency in wake of cold freeze

A recent proclamation by California Insurance Commissioner Steve Poizner is allowing out-of-state insurance adjusters to be dispatched to California’s agricultural community to assist in the state of emergency resulting from January’s five days of freezing temperatures. The Commissioner said he …

In Memoriam: Paul H. Jones

Paul H. Jones, recognized as “Mr. Insurance of Arizona,” died on Dec. 30, 2006. Jones was born on Oct. 4, 1910, in Los Angeles. He was extremely active in civic activities and served as president of the Tucson YMCA, United …

Business Moves

Goldman Sachs, USI Holdings Insurance broker USI Holdings Corp. agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs and Co., in a transaction valued at approximately $1.4 billion, including repayment of USI’s existing debt …

Editor’s Note: Keeping score

Although 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases are …

Fraud Roundup

101 indicted in Calif. insurance fraud sting A two-year undercover sting operation by the Los Angeles County District Attorney’s office has resulted in 101 indictments, of which 88 have been arrested as of press time. Following a tip from a …