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

Improved Practice Exams for CPCU, Other Courses Now Offered Online

The American Institute for CPCU and the Insurance Institute of America have replaced the SMART CD-ROM, which contained practice exams, with new SMART Online Practice Exams for 2009. The new online practice exams are available for all courses in these …

U.S. Sees Insurance Clampdown on Iran Over Nuclear Program

The United States is discussing with allies how insurance firms can more rigidly apply sanctions on Iran to step up pressure over its disputed nuclear program, a senior U.S. Treasury official said on Tuesday. Stuart Levey, Treasury undersecretary for terrorism …

UPDATE: Ike ‘Growing in Size and Strength’ Says NHC

Although Hurricane Ike weakened considerably as it passed over Cuba, the most recent bulletin (11:00 a.m. EDT) from Miami’s National Hurricane Center warns that is now “growing in size and strength in the Southeastern Gulf of Mexico.” The storm’s center …

Westrope Expands Capabilities for Life Sciences Industry

Kansas City, Mo.-based Westrope has announced it has expanded its capabilities in the life sciences arena. The newly expanded emphasis will focus on all aspects of life sciences, including medical devices, biotechnology, manufacturers & distributors of pharmaceuticals and nutraceuticals. By …

State Auto Adds Real Time Rating for Agents in Ohio, Kentucky

The State Auto Insurance Companies announced today its introduction of real-time rating via SilverPlume Rating Solutions’ PL Rating for agents. State Auto is partnering with SilverPlume to offer their Web-based comparative rating tool, PL Rating, to agents in Ohio and …

Universal North America To Offer Homeowners Insurance in Hawaii

Hawaii Insurance Commissioner J.P. Schmidt announced a new insurance option for homeowners; effective Sept. 22, 2008, Universal North America Insurance Co. will offer homeowners (including hurricane option), dwelling, fire, and flood policies in the state, with automobile coverage expected to …

California To Discuss PAYD Auto Insurance on Oct. 20

The California Department of Insurance has announced that it will host a public hearing at 10 a.m. on Oct. 20, 2008, in San Francisco, to discuss Commissioner Steve Poizner’s proposed pay-as-you-drive auto insurance rating regualtions. In August, Poizner proposed regulations …

Louisiana Still Mopping up From Gustav as Ike Enters Gulf

Hurricane Ike entered the Gulf of Mexico on Sept. 9 and the latest path projected by the National Hurricane Center has the storm making landfall in Texas, possibly near Corpus Christi. Meanwhile, Louisiana is still mopping up from Hurricane Gustav, …

Hub International Acquires Fredricksen Insurance Services

Chicago-based Hub International Ltd. has acquired Fredricksen Insurance Services, a Hemet, Calif., agency, as well as acquired PMT, Fredricksen’s retail brokerage subsidiary. Fredricksen’s operations will become part of Hub International of California Insurance Services Inc. Terms of the transaction were …

Wells Fargo Names Carroll Senior VP

Wells Fargo Insurance Services Inc. has named David Carroll senior vice president and west region property practice leader, based in Redwood City, Calif., responsible for coordinating and managing property related risk management and insurance services in the West(Alaska, Arizona, California, …