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

North Dakota Workers’ Comp Proposal Submitted for Ballot

Supporters of changing how North Dakota’s workers’ compensation agency is run have turned in petitions to put their idea on the November ballot. The initiative would put the governor in charge of appointing the director of Workforce Safety and Insurance. …

National Alliance Names 2 Outstanding CSRs for 2008

For the second time in the history of the award, two winners have been chosen to receive the “National Outstanding Customer Service Representative of the Year Award” from The National Alliance for Insurance Education & Research. The 2008 award went …

Koster Claims Victory in Missouri Attorney General Race

Attorney general candidate Chris Koster was dogged throughout the Democratic primary about whether he was a true-blue Democrat. Enough Democrats decided he was. Koster, a state senator who switched from the Republican to Democratic party a year ago, declared victory …

N. D. Insurance Agent Accused of $5 Million Theft From Clients

A judge has set bail at $100,000 cash or bond for a Fargo insurance agent accused of stealing more than $5 million from clients. Larry Atkins, 65, appeared on Aug. 5 in East Central District Court on charges of engaging …

Delaware Police Issue 840 Speeding Tickets in 1 Month

Police in Delaware issued 840 speeding citations, including nearly 200 in one week, in the first month of a statewide crackdown on speeding. The state highway safety department is promoting the initiative, which also led to 14 aggressive driving arrests …

350,000 Floridians Need to Reapply for Hurricane Insurance

The state-created corporation that’s become Florida’s largest property insurer says about 350,000 wind-only policyholders will have to reapply for coverage over a yearlong period that begins in February. The procedure is part of a switch to a new computer system …

Update: Eastern North Carolina Wildfire Nearly out; Firefighters Leave

A wildfire that has burned more than 62 square miles of eastern North Carolina forests and fields is nearly extinguished and firefighters are wrapping up operations, a spokesman said Aug. 5. Fire managers have sent scores of people back to …

Florida Launches Updated Web Site for Homeowners Insurance Shoppers

Florida Gov. Charlie Crist and Insurance Commissioner Kevin McCarty launched the updated www.ShopAndCompareRates.com Web site. The two offices activated the free, online tool in July 2007 to assist consumers looking to acquire or switch homeowners insurance coverage. Among the improvements …

Credit Crunch Cripples European Insurers’ Profits

The global credit crisis tore a hole in the profits of some of Europe’s top insurers on Thursday, with AXA and Aegon both posting lower earnings. Share reactions were mixed across Europe. The DJ Stoxx European Banking Index fell 0.6 …

AIG’s Net Loss for Q2: $5.36 Billion; Conference Call Today, Details

American International Group confirmed analysts’ worst forecasts, as it posted a net loss for the second quarter of 2008 of $5.36 billion or $2.06 per diluted share compared to net income of $4.28 billion or $1.64 per diluted share for …