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

Arrowhead Wholesale Offers Small Firm Architects & Engineers Product

San Diego-based brokerage Arrowhead Wholesale Insurance Services LLC (AWIS) has added a new product to complement its focus on architects and engineer-related industries, targeting smaller low-hazard firms. The architects and engineers professional liability policy includes a full occurrence business owners …

North Carolina Moped Insurance Law Halted

An effort to regulate mopeds in North Carolina got diverted after senators rejected an effort to require riders to carry liability insurance. Senate Majority Leader Tony Rand last week pulled his bill to require a moped to get a license …

Mississippi Recovers $1 Million for Policyholders in Q1

Consumers in Mississippi have received nearly $1 million in recovered claims payments and premium refunds in the first three months of 2009 thanks to the efforts of the Consumer Services Division of the Mississippi Insurance Department (MID), state officials reported. …

Suit Targets Arizona Worker Injury Fund Grab

An Arizona commission that oversees workers’ compensation is suing to keep the state from taking $4.6 million paid into a special fund by insurance companies and self-insured employers. A budget-balancing law approved by the Legislature and Gov. Jan Brewer in …

Judge Blocks Michigan’s Challenge to Insurance Rates with Credit Scores

Barry County Circuit Judge James Fisher issued an injunction on Friday, April 10, preventing Michigan insurance regulators from challenging insurance companies’ home and auto insurance rate filings that use credit scoring in determining their premiums. The injunction against the Office …

For Young Somalis, Piracy Offers Power, Prosperity

For young Somalis, piracy offers a life of adventure and money: At sea, they are armed with automatic weapons, rockets and grenades. On land, they are a cross between a town official and a gangster rapper — with grand houses, …

S&P: Global Risks Mean Some Changes in Store for P/C Insurers

In the midst of the financial turbulence, it’s easy to lose sight of longer-term trends. The economic downturn doesn’t necessarily mean the end of certain industries, but it does imply that there are some changes ahead. The global property/casualty (P/C) …

California Workers’ Comp Appeals Board to Reconsider En Banc Decisions

The California Workers’ Compensation Appeals Board has decided to reconsider its earlier en banc decisions in Ogilvie v. City and County of San Francisco, Almaraz v. Environmental Recovery Services and Guzman v. Milpitas Unified School District, which industry experts say …

Tornadoes Give Mo. Businesses Insurance, Record-Keeping Lessons

Businesses in Southwest Missouri learned a lot about insurance, record-keeping and personal safety from tornadoes that tore through the area last spring. In many ways, walking into Bill Lant’s feed store in Seneca, Mo., is like walking back in time. …

Occidental Agrees to Alter Rating System for Massachusetts Drivers

Massachusetts Attorney General Martha Coakley said that Occidental Fire and Casualty Insurance Co. of North Carolina has agreed to make significant changes to the way it rates Bay State drivers. Occidental, which announced plans earlier this year to enter Massachusetts …