Monthly Archives: <span>April 2009</span>

Florida Nears Votes on Property Insurance Bills

Today could be the day both the Florida House and Senate take up legislation to improve the state’s property insurance market, including proposals allowing state-backed insurance writer Citizens Property Insurance to raise its rates. The House and Senate bills would …

Washington Reducing Agent Fingerprint Fee

Washington’s Office of Insurance Commissioner has announced that the fingerprint fee for resident insurance agents and brokers will be reduced to $45.25 beginning July 1, 2009. For non-resident applicants, the requirement has also changed. With the conversion to producer, if …

California Workers’ Compensation Insurance Rating Bureau Revises Rate Recommendation

The Workers’ Compensation Insurance Rating Bureau of California has revised its recommended pure premium rate increase of 24.4 percent downward to 23.7 percent. On March 27, 2009, the WCIRB submitted a pure premium rate filing to the California Insurance Commissioner …

Pennsylvania Man Convicted of $650K Workers’ Comp Swindle

A federal jury in northeastern Pennsylvania has found a businessman guilty of pilfering nearly $650,000 from a county workers’ compensation fund. Executive Claims Administration president Charles Costanzo of Dunmore was convicted Wednesday of funneling more than $300,000 of taxpayer money …

Texas Mutual Launches Teen Worker Safety Program

Texas Mutual Insurance Company and its partners have launched off a campaign to reduce the number of workplace injuries among teen workers. The One Wrong Move campaign kicked off in Lubbock on April 23 with brochures, billboards, radio commercials, mall …

Texas Agents Rate Companies on 2008 Hurricane Response

Insurance companies responding to last year’s hurricanes Dolly and Ike were given generally good marks by independent agents along the Texas coast in a recent member survey by the Independent Insurance Agents of Texas (IIAT), but agents were quick to …

Louisiana Agent Told to Stop Doing Business in State

A Crowley, La.-area agent was served by Louisiana Department of Insurance Fraud Section Investigators with a cease and desist order, notice of license revocation and a $10,000 fine notice for alleged misappropriation, theft and forgery. Julia Katherine Moore, 25, is …

New Suit Filed in Missouri Over Chemical in Farmland Sludge

Farmers in four northwest Missouri counties may have unwittingly dumped millions of pounds of carcinogen-laced sludge on their fields, which may be linked to a rash of brain tumors in the area, environmental activist Erin Brockovich told a worried group …

Oklahoma Senate Rejects Attorney Fee Caps; Tort Reform Bill Still Alive

The Oklahoma Senate rejected a plan to cap plaintiff attorney fees, while voting to keep alive a Republican-sponsored bill to shake up the state’s civil justice system in an effort to curtail lawsuits. Senate President Pro Tem Glenn Coffee, R-Oklahoma …

What Young Agents Value About Being Independent

Good things come to those who wait and work hard. Even in today’s challenging economic climate, young independent insurance agents remain hopeful and happy to be in a profession that allows them to work independently, be their own boss and …