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

New Mo. Director Supports Governor’s Proposed Insurance Coverage Plan

During his third State of the State address, Governor Blunt outlined his goals, including health care initiatives to cover the uninsured in the state. “The citizens of this state are committed to providing quality healthcare for those who need assistance,” …

Rezinas Named President of Altura CUSO Patrion Insurance

Mari M. Rezinas has been named president of Patrion Insurance, a CUSO of Riverside, Calif.-based Altura Credit Union. She joined the company early last year as vice president of Commercial Lines. In this role, she will over see a 35-person …

Building Codes Worked During Hurricane Rita, Study Shows

A study of 9,835 reported claims on residential dwellings damaged in Hurricane Rita conducted by the Texas Windstorm Insurance Association (TWIA) shows that building codes work, the association announced. TWIA is the insurer of last resort for wind coverage in …

Calif. Commissioner, Governor Assess Damage from Agricultural Freeze

California Insurance Commissioner Steve Poizner toured the Central Valley with Governor Arnold Schwarzenegger yesterday, meeting with area leaders and assessing the needs of the agricultural community following the recent freeze. To further assist farmers, Poizner took the following steps: *Deployed …

National Insurance Group Testifies Against S. D. Aftermarket Parts Bill

The Indianpolis-based insurance trade group, The National Association of Mutual Insurance Companies (NAMIC) has urged South Dakota lawmakers to reject Senate Bill 48, a proposal to adopt consumer protection standards for property/casualty insurance claims. NAMIC believes the bill would actually …

Bankers Report Fraudulent Purchases Following TJX Credit Data Theft

Customer data stolen from TJX Cos. outside Boston by computer hackers has been used to make fraudulent debit card and credit card purchases in the United States and overseas, according to the Massachusetts Bankers Association. The fraudulent purchases have been …

N.H. Researchers Develop Tool to Measure Cyber Attack Threat

Hackers, terrorists and nations all use computers, but who really is capable of damaging the critical infrastructure of the United States? The University of New Hampshire has unveiled the UNH Cyber Threat Calculator, which assesses the level of threat any …

Darwin Enhances Public Entity E&O Products

Darwin Professional Underwriters, Inc. is making available enhanced public entity errors and omissions (E&O) liability insurance products, with policies to address educators professional liability risks, police professional liability risks, and public official professional liability risks. Educators, police, and public officials …

Mass. Auto Insurance Fraud Crackdown Paying Off for Drivers

High-profile crackdowns on auto insurance fraud have resulted in dramatic savings for drivers in some Massachusetts communities. The statewide average premium is scheduled to drop by nearly 12 percent on April 1, but drivers in some communities where antifraud task …

S&P Raises Southern Rock Ratings To ‘BB’; Outlook Stable

Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Gibraltar-based non-life insurer Southern Rock Insurance Co. Ltd. to “BB” from “BB-” and assigned a stable outlook. “The upgrade reflects the company’s improved …