Monthly Archives: <span>January 2008</span>

Fla. CFO Concerned as Gov. Proposes Workers’ Comp Fund Sweep

In response to Gov. Charlie Crist’s budget recommendations for the 2008-2009 fiscal year, Florida Chief Financial Officer Alex Sink expressed concerns over proposals to reduce the Workers’ Compensation Administration Trust Fund. “While I understand the current challenge to find resources …

Arthur J. Gallagher Acquires Oakland’s CEM Insurance Services

Arthur J. Gallagher & Co. today announced the acquisition of Crist Elliott Machette Insurance Services, Inc. of Oakland, Calif. Terms of the transaction were not disclosed. Incorporated in 1993, Crist Elliott Machette Insurance Services, Inc. (CEM) is a retail insurance …

Colo. Agents Praise Credit Scoring Ban Defeat; Next Up: Wisc.

As the issue of credit scoring continues to be the subject of state legislative proposals, insurance agents in Colorado are celebrating the defeat of a bill that would have prohibited property/casualty insurers from using credit information as a underwriting factor …

Nev. Casino Fire Losses Could Have Hit $75 Million, Say Risk Analysts

The fire that blazed through the top of the Monte Carlo Hotel in Las Vegas last Friday could have been far more damaging had it started elsewhere in the building and not been contained so quickly, according to analysts at …

Wood Gutman & Bogart Open Office

Calif. Broker Wood Gutmann & Bogart Opens Redlands Office Wood Gutmann & Bogart Insurance Brokers, based in Tustin, Calif., announced that it is now the broker of record for Pacific Risk Management and Services Inc. To meet its commitment to …

States Aim to Prevent Residential Fires by Requiring ‘Fire Safe’ Cigarettes

Movies – think Lauren Bacall and Humphrey Bogart in “The Big Sleep” – often make cigarette smoking look glamorous. Of course, in reality, the practice is anything but. In addition to being a leading cause of cancer and other diseases, …

Nonfarm Job Growth Continues in La.

Seasonally adjusted nonfarm jobs in Louisiana grew by 42,300 workers between December 2006 and December 2007, bringing the total number of jobs in the state to 1,929,100, the Louisiana Department of Labor announced. Louisiana’s unemployment rate for December 2007 was …

Ohio Bill Widens Health Coverage, Offers Workers’ Comp Discounts

More Ohioans would have access to health insurance through tax credits and other incentives and the state would offer programs to promote healthiness under a wide-ranging bill introduced in the Ohio House earlier this week. The bill sponsored by Rep. …

TDI December Enforcements Result in Nearly $1.6M in Fines, Restitution

Enforcement actions taken by the Texas Department of Insurance December 2007 resulted in eight license revocations, four license denials, and fines and restitution totaling $1,591,264, the department reported. An order imposing disciplinary measures becomes final 20 days after the agent …

Former Wash. Mayor, Ex-state Trooper Convicted of Fraud

A former Westport, Wash., mayor and ex-state trooper has been convicted of involvement in a scheme to commit insurance fraud, a case involving a nonexistent 1949 Chevrolet Woody and a dead State Patrol sergeant. Douglas Merino, 51, was convicted this …