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

Editor’s Note: Bonus round

Last November, then-New York Attorney General Eliot Spitzer notified four insurance companies that they could no longer pay contingent commissions to agents and brokers who sell automobile, homeowners and certain other insurance products. The four companies — ACE, AIG, St. …

Figures

135 The number of homeowners in Alabama’s Fairhope-Daphne area whose policies were set to be non-renewed by State Farm Insurance but are expected to have their coverage retained. State Farm had notified the Alabama Department of Insurance that it would …

A couple walks through a trailer park in Deland, Fla., early Monday, Feb. 5, 2007, surveying the damage to their neighborhood after hundreds of homes were destroyed and 20 people killed by a tornado. (AP Photo/J. Pat Carter)

News Currents

S.C.’s Richardson: Expand wind pool ‘a little’ along with tax breaks South Carolina’s new state insurance director rejected calls for the broad expansion of the state’s wind pool program that offers coverage for hurricane-prone areas as called for by some …

Multistate natural disaster proposal garners mixed reaction

News Currents Insurance officials in Florida, where a spate of hurricanes have set the industry into turmoil, pitched the idea recently of multistate insurance pools for natural disasters to their colleagues from across the nation but reaction was cautious among …

Julie Mix McPeak, Kentucky, Executive Director, Office of Insurance

Julie Mix McPeak, an attorney with more than a decade of experience in state government, was appointed executive director of the Kentucky Office of Insurance (KOI) by Gov. Ernie Fletcher last June. McPeak succeeded Glenn Jennings. The following is an …

Fraud Roundup

Immigrant scammed medicare for $1 million in Mo. Case Bradley J. Schlozman, U. S. Attorney for the Western District of Missouri, announced that the owner of a medical supply business was sentenced in federal court for his role in a …

Tim Wagner, Nebraska, Director of Insurance

Director of Insurance L. Tim Wagner has spent close to 40 years in the insurance industry, the last nine as the appointed Nebraska regulator. He takes his role seriously and believes the insurance industry has a real impact on the …

My New Markets

Wedding Insurance Nuts & Bolts: Travelers recently announced the launch of the Wedding Protector Plan, an insurance policy covering weddings. The Wedding Protector Plan provides coverage, with no deductible, for a variety of unfortunate occurrences associated with a wedding event. …

News Currents

Ohio legislators challenge governor’s veto on fraud damage limits Republican lawmakers had no legal authority to ask the Ohio Supreme Court to throw out a veto Democratic Gov. Ted Strickland carried out on his first day in office, the state’s …