Monthly Archives: <span>November 2010</span>

Insurance Doesn’t Cover Milwaukee Priest Sex Abuse

The Archdiocese of Milwaukee’s insurance company doesn’t have to pay damages that could arise from more than a dozen lawsuits involving sex abuse by priests, a state appeals court ruled. The 1st District Court of Appeals decision, if it stands, …

California Delays Licensing Implementation Six Months

The California Department of Insurance is delaying for six months the implementation of a new licensing requirement for fire and casualty licensees that want to sell health insurance. AB 2782 would have required existing fire-and-casualty licensees to obtain a separate …

Lloyd’s Chairman To Discuss Emerging Risks on Dec. 2

“Risk-taking lies at the heart of business operations, and it can also lead to problems if not handled properly,” said Anil Puri, dean of Mihaylo College of Business and Economics at Cal State Fullerton. Thus, a “discussion of the connection …

Texas Employers Now Can Report Workers’ Comp Status Online

State law requires Texas employers who do not carry workers’ compensation insurance coverage to report their non-coverage status and work-related injuries and illnesses to the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC). Now non-coverage status can be reported …

ICT Kicks Off Crime Prevention Program in El Paso

The Insurance Council of Texas (ICT) has joined with State Farm Insurance Co. in introducing the state’s Hide, Lock and Take program to law enforcement officials in El Paso. Both the El Paso Sheriff’s Department and the El Paso Police …

IIAH Young Agents Begins 2nd Annual Be An Angel Drive

The IIAH Young Agents of Houston kicked off their second Annual Be An Angel Drive with a silent auction that was held at the IIAH 2010-2011 Officer Installation Dinner in September. By the end of the night, the Young Agents’ …

2 Louisiana Insurance Producers and Employee Served with Fine Notices

Two Slidell, La., producers were served with fine notices by Louisiana Department of Insurance Fraud Section Investigators on Nov. 19 for allegedly allowing and compensating an unlicensed employee to act as an insurance producer on behalf of their business. The …

UNT Insurance Students Land Fort Worth CPCU Society Scholarships

The CPCU Society’s Fort Worth Chapter announced the winners of its annual scholarship program on October 26, 2010. The winners for 2010 were University of North Texas students Ashleigh Buchanan, Kimberly Hodges, Jin Na, Addison Weiss and Cassandra Wilcox. The …

Fireman’s Fund Insurance Rating Lowered To ‘A+,’ Outloook Stable

New York-based Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. and its affiliates (collectively referred to as FFIC) to ‘A+’ from ‘AA-‘. The outlook on the ratings …

UN Agency Concludes Greenhouse Gases at Record Levels

Concentrations of the main greenhouse gases in the atmosphere have reached their highest level since pre-industrial times, the World Meteorological Organization (WMO) said on Wednesday. Concentrations of the gases continued to build up in 2009 — the latest year of …