May 22, 2006
se_110_PIAofFlorida.xtg TITLE: News Currents Questions and answers about the receivership and status of Poe Financial Corp.’s subsidiaries Southern Family and Atlantic Preferred have been provided to Professional Insurance Agents of Florida members who “flooded” the association’s office with questions after …
May 22, 2006
About 40 percent of the medical malpractice cases filed in the United States are groundless, according to a Harvard analysis of the hotly debated issue that pits trial lawyers against doctors, with lawmakers in the middle. Many of the lawsuits …
May 22, 2006
The words in support of contingent commissions for independent agents are getting stronger and being turned into action. Gary R. Gregg, president and chief executive officer, Liberty Mutual Agency Markets, recently expressed the frustration many in the independent agency system …
May 22, 2006
New Mexico State Insurance Superintendent Eric Serna intervened in an automobile accident insurance claim involving his daughter, according to documents obtained by a local newspaper, but Serna denies any wrongdoing. “I never exerted any influence and I didn’t do anything …
May 22, 2006
Risk experts are warning insurance companies that they may be underestimating their risk if they assume that a new influenza pandemic would be no worse than the 1918 influenza pandemic. While some published studies have already illustrated the effects of …
May 22, 2006
Rhode Island Gov. Donald Carcieri suffered at least a temporary setback in his campaign to fire two Beacon Mutual Insurance Co. board members but has managed to replace one other director who resigned. Superior Court Judge Steven Forunato has temporarily …
May 22, 2006
Alaska legislators concluded the 2006 regular session this month and in the final hours rejected a bill opposed by insurers that would have encouraged more employers to self-insure for workers’ compensation. Legislators also declined to pass a measure that could …
May 22, 2006
Although property and general liability insurance rates increased in the first quarter of 2006, all indications point to a continuing soft commercial insurance market, according to the Risk and Insurance Management Society Bench-mark Survey. The survey, conducted by Advisen Ltd., …
May 22, 2006
Preliminary findings from asimulation project suggest that during Hurricane Katrina the 17th Street Canal levee in New Orleans may have slid on a layer of weak clay just beneath the peat that underlies the earthen structure. Researchers at Rensselaer Polytechnic …
May 22, 2006
Des Plaines, Ill.-based National Insurance Crime Bureau (NICB) reported that for calendar year 2005, the West, and particularly California, leads the nation in auto theft. All of the nation’s top 10 areas with the highest vehicle theft rates are in …