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

Request Withdrawn for Judge to Approve Miss. State Farm Settlement

Some of the lawyers who helped negotiate a proposed settlement with State Farm Insurance Cos. over Hurricane Katrina damage claims withdrew their request Monday for a federal judge to approve the multimillion dollar deal. At a hearing less than two …

WTC Builders Tell 2 Insurers to Stop Stalling and Pay Up

World Trade Center builders rallied with hundreds of construction workers Monday to protest stalled payments by two insurers, saying their failure to pay is jeopardizing ground zero rebuilding. Trade center developer Larry Silverstein, Port Authority of New York and New …

AIA Applauds Passage of Self-Audit Bill in Okla. Senate

The American Insurance Association reported that the Oklahoma Senate unanimously approved Senate Bill 565, which encourages insurers doing business in the state to closely examine their operations and “clean house” when necessary by allowing insurance companies to initiate internal audits. …

Allstate Ordered to Reduce Texas Homeowners Rates; Refund $56M

The Texas Department of Insurance reported that on March 8, 2007, the Travis County District Court affirmed an earlier order by Texas Insurance Commissioner Mike Geeslin requiring Allstate Texas Lloyds to reduce its homeowners insurance rates by 5 percent. The …

Firefighters Still Fighting Calif. Blaze Started with Stolen Car

Highway security videotape could hold clues about who torched a stolen car and triggered a fierce wildfire near the hills southeast of Los Angeles. Investigators believe the 2,036-acre brush fire in the Anaheim Hills ignited Sunday after someone set ablaze …

Calif. Attorney Sentenced Two Years in Insurance Scam

An attorney who stole nearly $400,000 in insurance refunds from his doctor clients and then tried to cover his tracks by faking bank statements and kiting checks was sentenced to two years in prison. Michael Suverkrubbe, an attorney and former …

Oregon Senate Passes Workers’ Comp Bill for Farmworkers

The Oregon Senate has approved a bill to provide protection for farmworkers. Senate Bill 202 requires farm labor contractors to provide workers’ compensation insurance for workers, and requires applicants for farm labor contractor licenses to provide proof of existence of …

Calif. State Fund to Host Workplace Safety Seminar in Bakersfield

California’s State Compensation Insurance Fund will sponsor a workplace safety seminar in Bakersfield, Calif., on March 20. The seminar will cover ergonomic workplace strategies, safety basics, and Cal/OSHA’s top 10 workplace safety violations. Each section of the seminar will address …

Cambridge General Agency Names Janofsky President

Cambridge General Agency’s board of directors has appointed Paul Janofsky president. He has been with the company for the past 33 and has recently served as executive vice president. Janofsky also serves as president of A. Mason Blodgett & Associates …

Guy Carpenter Launches ‘SelectCat’ Reinsurance Pricing & Loss Index

Guy Carpenter & Company, LLC, the risk and reinsurance specialist of the Marsh & McLennan Companies, has launched SelectCat, which it describes as “an innovative, index-based product that provides reinsurers with much needed capacity, flexibility and rational pricing for managing …