Currents

Modesto, Calif. ranked car theft capital of the nation

The rural Stanislaus County community that’s grabbed unwanted headlines as home of convicted killer Scott Peterson and former U.S. Rep. Gary Condit now has another unflattering distinction: The nation’s car theft capital for the third year in a row. Modesto …

State Farm adjusts rates in Texas

State Farm Insurance recently submitted several filings to the Texas Department of Insurance, aiming for a balance with rate adjustments that include a reduction auto rates but an increase in homeowners premiums. The company also is offering a bigger discount …

California Election Results: Wins for Angelides, Garamendi, Bustamante

California State Treasurer Phil Angelides defeated Controller Steve Westly in a bitter primary election battle to be the Democratic Party’s gubernatorial candidate. Angelides had 48 percent of the vote, to Westly’s 43.3 percent, according to Secretary of State Bruce McPherson’s …

Showing the money: Insurance industry ranks high in political giving

Insurers and associations give to Republicans, Democrats and Independents in state-level politics In the 2004 election cycle, the insurance industry was among the top 10 contributing industries to state party committees, according to the Institute on Money in State Politics, …

Top 10 Pet Peeves of the Road

Motor Mouths: Distracted drivers talking on cell phones. Turtle Racers: Slow drivers in the fast lane. Piggybackers: Pushy drivers who tailgate. Wacky Weavers: Drivers who weave through traffic to gain one or two car lengths. Gap Snatchers: Obnoxious drivers who …

Florida Preferred liquidated

Florida Preferred Insurance Company policyholders will be protected this hurricane season because company officials agreed to let the financially-troubled property insurer enter into liquidation effective June 1. “This decision is in the best interest of more than 140,000 Floridians who …

Utah studies link between cancer, public safety

The Utah Labor Commission has taken a step toward finding out if firefighters and police officers with cancer and other ailments developed the diseases because of hazards associated with their jobs. The commission is using $500,000 designated by the Legislature …

Fla. insurance veteran Gallagher, 79, litigation, acquisition expert

Phil C. Gallagher, 79, a Florida insurance agent, litigation consultant and expert witness, passed away in Miami June 1. Gallagher had more than 50 years of insurance industry experience. Gallagher was formerly associated with Head Beckham Insurance in Miami. He …

California commissioner recommends 16.4 percent workers’ comp rate cut

California Insurance Commissioner John Garamendi has recommended a 16.4 percent decrease in the workers’ compensation pure premium rate. The decrease would be applicable to new and renewal policies as of the first anniversary rating date of a risk on or …

S.C. Governor Sanford vetoes hike in minimum liability limits

South Carolina Gov. Mark Sanford has vetoed a measure that would have raised the minimum liability limits for auto insurance policies. The governor said he vetoed the bill because he believes it would increase automobile insurance rates, adversely affect low …

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