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

Mich. Catastrophic Fund Assessment to Decrease

An assessment paid by auto insurance carriers to cover catastrophic injuries resulting from auto crashes will decrease on July 1. The Michigan Catastrophic Claims Association (MCCA) assessment, which covers costs for unlimited lifetime medical costs for those injured in auto …

Agents and Brokers: Extended Deadline to Submit for IJ’s Top 100, March 21

Insurance Journal’s search for the nation’s top independent insurance agencies and brokerages is winding down with just a couple of days left for qualified firms to send in their entry forms. The exteneded deadline is Wednesday, March 21. Is your …

AmWINS Outlook Revised to Stable From Neg; Ratings Affirmed

Standard & Poor’s Ratings Services said that it affirmed its ‘B’ counterparty credit and senior debt ratings on AmWINS Group Inc. (NYSE:AGI; f/k/a American Wholesale Insurance Group Inc.) and revised its outlook on the company to stable from negative. The …

Big ‘I’ Makes Changes to Federal Affairs Staff

The Independent Insurance Agents & Brokers of America (the Big “I”) has hired Jason Spence as its new assistant vice president for federal government affairs, effective March 12. Spence comes to the Big “I” from the U.S. Department of the …

Survey: Most Workers Underestimate Chances, Impact of Disability

While growing number of American workers are forecasted to experience a disability during their career, more than 80 percent of workers said they believe their chances of becoming disabled are far lower than actual statistics report, according to a new …

Fla.’s Citizens Business Plan Receives Approval from Finance Commission

Citizens is one step closer to providing policyholders with more options and premium savings, thanks to approval of the Multi-Peril Business Plan by the Financial Services Commission. “We are excited about providing our policyholders with more choices and the chance …

Former La. Cop, Wife, Plead Not Guilty to Insurance Fraud

A former Shreveport, La., police officer and his wife have pleaded not guilty to charges arising from an allegedly altered police report. Ronald Small and his wife, Tracey, entered the plea Mar. 12 in state district court in Caddo Parish. …

Conn. Regulators Conclude They Can Probe Phone Records Issue

The state Department of Public Utility Control has concluded that despite federal government objections, it has the authority to investigate the release of thousands of phone records to the National Security Agency. The DPUC, in a draft decision Monday, said …

Physicians’ Mutual’s CEO, Others, Draw Larger Salaries, Bonuses

The CEO of the company that provides medical malpractice insurance to 1,450 physicians in West Virginia got an 18.5 percent pay raise last year, boosting his total compensation to $429,750, according to a report filed with the state insurance commissioner. …

Ga. GOP Leaders Propose Temporary PeachCare Fix

Gov. Sonny Perdue and Republican legislative leaders have agreed to a temporary fix for PeachCare, allowing some 273,000 poor children in Georgia to continue receiving health insurance even as federal dollars dry up. Georgia is facing a $131 million shortfall …