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

Hub International Acquires Nett & Champion Insurance

Hub International Ltd. announced that Hub International of California Insurance Services Inc. (HUB California) acquired the assets of Nett & Champion Insurance Services, a Santa Barbara, Calif.-based agency specializing in employee benefit consulting and brokerage services. Terms of the transaction …

How Hartford-Progressive Alliance for Banks Works

Agents submitting community bank risks to the new alliance between The Hartford and Progressive should expect to work with underwriters from each carrier but the companies promise quick turnaround. According to the insurers, the “sweet spot” for the underwriters is …

Why Thousands of Agents are Buying Insurance Leads

Do you know why thousands of insurance agents are taking the time to buy leads? If not, there is a good chance that your competition is earning more money than you in less time. Of course, you can join in …

Kentucky Man to Pay Restitution for Cashing Deceased Father’s Checks

John R. Webb died in 1996 but his workers’ compensation payments continued until early 2007, according to the Kentucky Office of Insurance. Webb’s son, John S. Webb, 44, of Nicholasville, Ky., pleaded guilty in Jessamine Circuit Court to five felony …

Washington Police Traffic Cameras to Start Focusing on School Zones

Seattle police are about to turn the camera lens on drivers who speed in school zones. Two years ago, the city began using automatic cameras to catch motorists running red lights. The photos — plus tickets carrying hefty fines — …

California Regulator Says Insurance Needs Local Regulation, More Modernization

Insurance is best regulated at the local level. That’s the opinion of California Insurance Commissioner Steve Poizner, who shared his views during his welcome address to the National Association of Insurance Commissioners Summer Meeting in San Francisco. Poizner said he …

Ohio Tanker Crash Victim’s Wife Seeks $12 Million in Damages

An Ohio woman whose husband was killed in a crash with a tanker truck in 2006 is seeking $12 million in damages. Cynthia Heider of Cridersville has sued the Ohio Department of Transportation in the Ohio Court of Claims in …

Asian Insurers Expected to Seize on Credit Crunch as Opening to Buy in U.S. and Europe

Asian insurers, particularly China’s major players, are likely seize the credit crunch as an opportunity to snap up assets in Europe and the United States, senior insurance figures said on Tuesday. “Asian players are looking for expertise and to learn …

Water Pressure Hampered Firefighters’ Efforts at Universal Studios

California authorities will try to determine whether the blaze that destroyed some of Hollywood’s most famous backdrops was made worse by low water pressure and an overwhelmed sprinkler system. At one point, the June 1 fire was two city blocks …

Colorado Authorities Say 1 Arsonist May Be Responsible for 17 Fires

Grand Junction, Colorado police are investigating 17 downtown fires they say may be the work of a single arsonist. The fires began Jan. 8 and the most recent was last week. Fires have been set in carports, garages and at …