Currents

Reinsurers adopt ‘wait and see’ posture at Rendezvous

For the first time in two years the high and mighty from the reinsurance world gathered for their annual Rendezvous in Monte Carlo without having to face the consequences of an ongoing catastrophe (Ivan in 2004 and Katrina last year). …

Mass. AG Reilly opposes FAIR Plan rate hike

Massachusetts Attorney General Tom Reilly has decided to appeal Insurance Commissioner Julianne Bowler’s order allowing the state’s insurer of last resort — the FAIR Plan — to raise home insurance premiums an average of 12.4 percent statewide and 25 percent …

Declarations

“We have survived two devastating storms and I will not allow our citizens to fall victim to fraud or abuse as we rebuild Louisiana. I am pleased that the U.S. Department of Justice and our state Attorney General have joined …

It Figures

2012 The model year automobiles will be required to have anti-rollover technology. The National Highway Traffic Safety Administration believes the new requirement will save thousands of lives annually. 14% Increase in the injury rate from 2004 to 2003 among children …

Agency growth and performance study reveals higher productivity

The latest edition of the Growth and Performance Standards (GPS) study by the Austin, Texas-based National Alliance Research Academy has just been released, giving the insurance industry some new benchmarks for comparing independent agency performance trends. The GPS has been …

N.Y. mobile command

The New York State Forum, a part of the Rockefeller Institute of Government, is giving a Best Practices Award to the New York State Insurance Department for its acquisition and launch of a Mobile Command Center. “The Insurance Department’s Mobile …

Driver service aims to keep drunks off roadways

Hoping to keep potential drunken drivers off the road, a new designated driver service is offering rides home for its customers and their cars. PointZero8, which started giving rides in San Antonio, Texas, in early September, sends two drivers when …

Judge: Landowners cannot sue Forest Service over lost homes

Bitterroot Valley, Mont., residents who alleged their homes were destroyed when firefighters lit a backburn to slow encroaching flames cannot sue the U.S. Forest Service over their losses, a federal judge ruled. U.S. District Judge Donald Molloy said the agency …

Virginia broker goes green: first ‘carbon neutral footprint’

Rutherfoord, a Roanoke, Va., insurance broker, says it is committed to reducing its greenhouse gas emissions and has become the first in the U.S. insurance industry to establish a carbon neutral footprint in response to the emerging risk of climate …

Bowman says guidance needed on health plans

Arkansas Insurance Commis-sioner Julie Benafield Bow-man in early September told lawmakers she needs guidance on enforcing a state law to allow people covered by health maintenance plans to see the doctor of their choice. Bowman said legislation passed last year …

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