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

N.C.: Reynolds American CEO Received $6.4 Million Compensation Package

Susan M. Ivey, chairman and chief executive of Reynolds American Inc., received a compensation package valued by the company at $6.4 million for 2006, according to a proxy statement filed last week. Ivey received a salary of $1.14 million, incentive …

Study: High Disability Retirement in LA County Safety Agencies

Employees of the Los Angeles County sheriff’s and fire departments retire on disability pensions at a nearly 50 percent higher rate than their counterparts in 19 other California counties, according to a report by a human resources consultancy. The 73-page …

Dog Bite Victim Seeks Change in Oregon Law

It was nearly 19 months ago, but Sara Weidenhaft is still haunted by the animal’s amber eyes just moments after it ripped her lips apart. It remains a part of every word that escapes her mangled lips, every stare from …

Poolman Backs Uniform Licensing, Contingent Commissions

North Dakota Insurance Commissioner Jim Poolman believes that creating a uniform producer licensing system is a top priority, not just for North Dakota, but for every state. “We’ve worked hand in glove with our independent agents at home, because of …

Reinsurers’ Group Says Regulation Goes Beyond Collateralization Issue

Franklin W. Nutter, president of the Reinsurance Association of America (RAA) said reinsurance regulation goes beyond the narrow issue of collateral, and is pleased that the National Association of Insurance Commissioners (NAIC) Financial Condition Committee has directed its Reinsurance Task …

Last Person Convicted in Texas Staged Accident Fraud Ring

The ninth and last defendant in a staged auto accident insurance fraud ring was convicted of Engaging in Organized Criminal Activity in Dallas County District Court on February 27, 2007, the Texas Department of Insurance announced. Jerry Lockhart was found …

La. Appeal Court Won’t Rehear Decision in Tobacco Case

A five-judge state appeal court panel has refused to revisit its Feb. 7 decision to slash a New Orleans jury’s 2004 verdict that required four big tobacco companies to pay $591 million to help Louisiana smokers kick the habit. Attorneys …

Okla.’s Oden Insurance Services Acquired by Thomson Corp.

The Thomson Corporation, based in Eagan, Minn., announced the acquisition of Tulsa, Okla.-based Oden Insurance Services Inc., a provider of insurance compliance and advisory information and workflow tools. Oden will be aligned with Thomson West in the company’s legal segment; …

Computer Data Bugs Lead to Shakeup, Lawsuit by La.’s Citizens

With its financial records in disarray, Louisiana’s state-run insurance company of last resort will get a new chief administrator and beef up its management with a chief financial officer and internal auditor, Insurance Commissioner Jim Donelon said. The board of …

RSI Promotes Ballard to Underwriting Manager for Commercial Lines

RSI International Inc. announced the promotion of Holly Ballard to commercial lines underwriting manager for their Texas offices. In this newly created position, Ballard will oversee the Commercial Lines Department, and will work directly with CEO Colin W. Rainey and …