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

Recent Tornadoes Underscore Risks of Taking Shelter in Cars

Trapped in his car on the way to a friend’s wedding, Rick Rountree and his family never stood a chance once a tornado packing winds of 170 mph hit southwest Missouri. “It’s like taking a handful of Matchbox cars and …

Cambridge General Adds Harvesting Contractors Program in California

Cambridge General is now accepting applications for harvesting contractors. This program was developed for fruit or vegetable contractors harvesting by hand in addition to those harvesting use farm machinery. To be eligible for this program, the insured must have a …

Fireman’s Fund Adds Green Coverage for Manufacturers

Fireman’s Fund’s made available a new green coverage endorsement for manufacturers that want to reduce water and energy use, and lower their overall carbon footprint. The company is offering insurance premium reward incentives to manufacturers that employ environmentally friendly initiatives, …

Indiana Agents Honor 2008 Award Recipients

The Professional Insurance Agents of Indiana (PIA) recently announced its annual awards at the 2008 PIA Annual Business Meeting and Awards Ceremony on May 9. Each year, PIA honors two individuals and one company for exemplary professionalism and dedication to …

Drowning Prompts Mo. Bill Requiring Water Park Insurance

For-profit swimming pools would need liability insurance under a bill headed to Missouri’s governor. It was sparked by the drowning of 6-year-old Ethan Cory, of Joplin, while on a field trip to a privately owned water park. The Swimmin’ Hole’s …

Takamoto Joins Golden Bear Insurance

Ed Takamoto has joined Golden Bear Insurance Co. as a vice president and property department manager. Takamoto’s insurance career has spanned more than 30 years. He has held various professional positions in underwriting and management with both carriers and agencies. …

Law School Study Finds Malpractice Cost in Mass. Going Down, Not Up

Reports of skyrocketing medical malpractice premiums in Massachusetts are flawed, according to a Suffolk University Law School study that found Bay State physicians actually saw their inflation-adjusted malpractice premiums drop between 1990 and 2005. The study, reported in the May/June …

New York Agents’ Group Holds Elections; Gives Awards

Members of the Independent Insurance Agents and Brokers of New York elected a number of new officers and directors during its annual business meeting, the group said. Taking over the reins as chairman of the board is Neal L. Sullivan, …

Louisiana Citizens CEO Gets Raise

Louisiana’s insurer of last resort collected $4 million extra in reinsurance from the 2005 hurricanes and, at the suggestion of the state insurance commissioner, rewarded its chief executive with a 10 percent raise. The $4 million collection by the Louisiana …

Court to Hear Appeal in Former Louisiana AG’s Katrina Antitrust Suit

A federal appeals court in New Orleans agreed to consider whether an antitrust lawsuit that former Louisiana Attorney General Charles Foti filed against some of the nation’s largest insurance companies belongs in state or federal court. Foti teamed up with …