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

Maryland Automobile Insurance Fund Withdraws Rate Change Request

National Economic Climate Cited as Reason for Dropping 5 Percent Rate Cut Proposal The Maryland Automobile Insurance Fund (MAIF) has withdrawn its filing to reduce its private passenger automobile insurance rates, according the Maryland Insurance Administration. The MAIF filed a …

It Figures

$21 Million Settlement amount to be paid by one of the Big Dig’s largest contractors, Modern Continental Construction Inc., related to a fatal tunnel ceiling collapse as well as the cost of fixing leaks in the massive highway project, according …

Ex-Pennsylvania Judge Found Guilty of Insurance Fraud

A retired Pennsylvania appellate judge was convicted of mail fraud and money laundering after prosecutors said he lied about neck and back injuries in a fender bender to collect $440,000 from two insurance companies. Former Superior Court Judge Michael Joyce …

New Restrictions for Maine Drivers

The second of two Maine laws adopted in April to tighten regulations for getting a driver’s license has gone into effect. Secretary of State Matthew Dunlap says the new law requires applicants to show they’re living in the U.S. legally. …

Employee Retention: A Best Bet for Better Performance in Any Economy

Employee retention programs drive better bottom line performance in growing and uncertain economies. In fact, engaging and rewarding employees with financial or non-financial awards are retention actions that can no longer be overlooked or dismissed as trivial. Today there is …

Delaware Student Seeks Damages for Gossip

A University of Delaware student from New Jersey has gone to federal court to find out who was responsible for posting gossip about her on a Web site. The woman, identified only as Jane Doe, also wants damages for what …

People

The Insurance Marketing and Communications Association (IMCA) named Richard Look as president. He is a marketing communications veteran with both agency and insurance company experience, and currently serves as vice president of marketing communications for Inventure Inc., a privately owned …

Declarations

Dear Elaine: Send Money “Given the bearish economic forecasts for the next two to three years, we anticipate the unemployment rate will continue to rise significantly. It is essential that our states have sufficient resources in place to help support …

Welcome to Encryption Nation

Stop putting passwords on sticky notes, require passwords for desktops and encrypt all backups. For those that haven’t done so already, insurance agents and agencies are going to have to get smart about encryption – especially those in Massachusetts. That’s …

New York Warns Insurers about Some Homeowners’ Cancellations

New York’s Department of Insurance has this advice for insurers in the Empire State: Stop canceling homeowners’ policies simply because a house in unoccupied. That announcement came in the form a circular letter – essentially, an advisory bulletin to insurers …