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

Insurers lose steam in auto rate reg fight

A California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where they live, leaving insurance trade groups splintered. On Feb. 15, the judge granted …

COLO. PASSES SEAT BELT, MOTORCYCLE HELMET BILLS

The Colorado House has passed a bill that would require children under age 18 to wear a helmet when riding a motorcycle. Passing on a 39-26 vote, House Bill 1117 would create penalties of $100 if the operator is under …

Stolen painting found in Spielberg’s home

Agents with the Federal Bureau of Investigation’s Art Crime Team (ACT) have located an original Norman Rockwell painting, “Russian Schoolroom,” stolen during a burglary in Clayton, Mo., in 1973. It was found in the home of movie mogul Steven Spielberg, …

It Figures

$1.25 billion Amount State Farm Mutual Automobile Insurance Co. announced it would be issuing in dividends to policyholders in 46 states, the District of Columbia and Canadian province of New Brunswick. The company said better-than-expected auto results combined with a …

Declarations

Cloned food claims “Because meat from cloned animals could be mixed with meat from hundreds of other conventionally bred animals, even if there’s no harm related to cloning, if there’s a product recall and it hurts ranchers’ sales, there’s a …

Nevada lawmakers debate policy on drug tests for injured workers

Injured Nevada workers could face required drug tests to prevail in insurance disputes, under an industry-backed proposal debated by state legislators. The Senate Commerce and Labor Committee recently heard testimony on SB54, which would change workers’ compensation rules so that …

Industry needs to leverage enterprise risk management, study says

Property/casualty insurance companies need to do a better job of implementing enterprise risk management, according to a recent study by Ernst and Young LLP. In its recent quarterly outlook addressing key trends and issues facing insurers, Ernst and Young identified …

LINDEEN TO RUN FOR MONT. STATE AUDITOR

Former congressional candidate Monica Lindeen has announced she will be running for Montana state auditor in 2008. Lindeen was the Democratic nominee last year for Montana’s sole U.S. House seat and lost to Republican incumbent Denny Rehberg. Lindeen is the …

Hog heaven

Buckling up when you drive a car or wearing a helmet when you are on a motorcycle seems like it should be a “given” in 2007. But the reality is that even today, many motorcycle riders still don’t wear helmets, …

Farmers Insurance’s University Receives Awards

The University of Farmers, founded by Farmers Insurance Group of Companies in Agoura Hills, Calif., has received five top learning and development awards from the Corporate University Xchange (CUX), a provider of corporate education research, benchmarking and advisory services. Farmers …