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

Izard to Retire from Endurance

Bermuda-based Endurance Specialty Holdings Ltd. announced today that Daniel M. Izard will be retiring from his position as Chief Operating Officer, effective September 1, 2008. Izard, a former Air Force pilot, joined Endurance from Associated Aviation Underwriters, a joint venture …

RBS Extends Insurance Offer Deadline into June

Initial, informal offers for Royal Bank of Scotland’s insurance arm are unlikely before next week after a first deadline was delayed on the request of several suitors, sources close to the process said. First-round bids for RBS Insurance, Britain’s largest …

Report: Technology Critical for Insurers Targeting ‘Millennial Generation’

As the estimated 80 million people born between 1981 and 2001 enter the workforce and become active consumers, technology will play a critical role for insurance firms targeting those in the so-called “millennial generation” as both potential employees and consumers, …

Arizona Law Expands Fine for Worker Deaths

Thanks to a bill recently signed by Arizona Gov. Janet Napolitano, families of workers in the state now have greater protections when companies willfully or repeatedly violate laws and it results in a worker’s death. Senate Bill 1125, “Amending Sections …

California Report Details How to Reduce Fraudulent Insurance Claims

Following a meeting with his Advisory Task Force on Insurance Fraud, Blue Ribbon Review Committee, California Insurance Commissioner Steve Poizner announced that he will implement five actions to help reduce fraudulent claims, including creating a fusion center for insurance fraud …

Feds to Cover Denver Police Insurance Costs During Democratic National Convention

Denver city officials say the federal government will cover $1.85 million worth of insurance the city bought for outside police who help with the Democratic National Convention. Denver officials said Tuesday the insurance will cover liability and workers compensation. Neighboring …

Ohio Agents Sponsor 2008 Insurance Career Internship Program

The Professional Insurance Agents Association of Ohio, Inc. (PIA) Internship Program, recently announced that its 2008 program for insurance industry interns was operational. On May 28 the PIA welcomed 12 interns hosting a three-day orientation program. PIA’s internship program offers …

Michigan Bills Limit Cell Phone Use, Passengers for Teen Drivers

A first-ever analysis from AAA finds that crashes involving teen drivers ages 15 to 17 cost American society more than $34 billion annually in medical expenses, lost work, property damage, quality of life loss and other related costs in 2006. …

FEMA Emergency Housing Options Include Pre-Fabricated Cottages

Disaster victims might one day watch their homes and communities be rebuilt from the cool comfort of a front porch. The porches are a feature of prefabricated cottages designed for Hurricane Katrina’s victims as an alternative to travel trailers issued …

Pacific Interstate Insurance Brokers Names Wells Agent of the Year

Pacific Interstate Insurance Brokers, a marketing organization consisting of 60 independent agencies located throughout California, selected Kirby Wells as its agent of the year for 2007- 2008.Wells is president of Cordova Insurance Center Inc., DBA Independent Solutions United. Wells has …