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

People

Golden Eagle Insurance, a Liberty Mutual Agency Markets regional company, appointed Pete McPartland president and CEO. McPartland comes from General Casualty in Sun Prairie, Wis., where he led insurance operations for QBE Regional Insurance as chief operating officer. He succeeds …

California Report Details How to Reduce Fraudulent Claims

Commissioner Takes Action on Five Recommendations Insurance fraud in California totals more than $15 billion each year, costing each resident an average of more than $500 per year. That’s the estimate published in a report recently issued by California Insurance …

Oregon Amends Licensing Examination Fee Rules

The Oregon Insurance Division has amended rules to reduce fees for license examinations and reexaminations for insurance producers, adjusters and insurance consultants, and to change the biennial renewal date for individual adjuster and insurance consultant licenses from the anniversary of …

Special Protection

Consumers need a better understanding of insurance issues specific to their unique situations. Special relationships deserve protection, too. That’s the assessment of the National Association of Insurance Commissioners, which has doubts about the insurance protections afforded and being purchased by …

State Regulators Call for More Study of Credit Scoring Use in Insurance

State regulators told Congress that more study of credit scoring use by insurance companies is needed to determine if the practice is unfairly discriminatory. “As state regulators, it is our sincere desire that the federal government assist, not detract, from …

Insurer Must Pay New Orleans Grocer $21M for Katrina Damage

An insurance company unreasonably failed to pay for wind and other damage from Hurricane Katrina and must pay more than $21 million to the owner of a New Orleans grocery chain, a federal jury has found. “It’s the biggest Katrina …

It Figures

$40,000 A nude maid is accused of stealing more than $40,000 in jewelry from a Florida man’s home. The 50-year-old man hired the maid —who charged $100 per hour and took off her clothing when she arrived at the home …

Declarations

He’s No Devil “They say I’m the devil and I’ve been bought off. It’s absolutely not true.” —Oklahoma Rep. Ron Peterson, R-Broken Arrow, a former independent insurance agent, announcing he won’t run for his state representative’s post again. Peterson came …

Weather Is a Big Deal in South Central States

Well before the June 1 start of hurricane season claims costs from weather related damages were on a steady climb across the South Central states of Arkansas, Oklahoma, Texas and Louisiana. Late May, early June hailstorms in central Oklahoma likely …

Why Regional Insurers Rate

Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008 marks the second year that Demotech, Inc., as Insurance Journal‘s Official Research Partner, has published our Company Classification System, including the list of Super Regional Property/Casulaty …