Newsbriefs

WHO TO CALL?

Multi-State Agencies IBA West (Alaska, California, Oregon, Washington). Web site: www.iba west.com PIA West (Alaska, Arizona, California, Idaho, Montana, Nevada, New Mexico, Oregon, Washington). Phone: (888) 246-4466. Western Insurance Agents Association (Arizona, California, Colorado, Nevada and New Mexico). Phone: (800) …

CALIF. COURT REINSTATES CLASS ACTION AGAINST LEAD PAINT MAKERS

A state appeals court in San Jose, Calif. has reinstated a class-action lawsuit alleging that several paint manufacturers knowingly sold harmful lead-based paint products. The Sixth District Court of Appeal on March 10 reversed a Santa Clara County Superior Court …

STANDARD & POOR’S IMPLEMENTS NEW WAY TO ASSESS INSURERS’ CATASTROPHE RISK

Standard & Poor’s Ratings Services said that its criteria for measuring catastrophe risk for primary insurers will be revised early in the second quarter of this year. (For reinsurers, there are no current plans to further revise these criteria.) The …

ARIZ. SENATE CONSIDERING LAW TO PROTECT CONSUMERS’ INFORMATION

Members of the Arizona Senate are considering a bill designed to safeguard the personal information of Arizona residents. SB 1338, authored by Sen. John Huppenthal, R-HD 20, requires businesses to notify their customers if data containing clients’ personal information is …

FARMERS SAYS NORTHERN CALIF. AUTO GLASS BUSINESS INVOLVED IN SCAM

Farmers Insurance Exchange, Los Angeles, has begun serving civil summons and complaints on Redding, Calif.-based auto glass company Onsight Auto Glass and its owner. Farmers is accusing the company of taking part in a scheme designed to defraud the insurer …

PRIVACY, WORKERS’ COMP DOMINATE UTAH’S LEGISLATIVE SESSION

Utah insurers faced a busy and difficult year during the Utah 2006 legislative session, according to the American Insurance Association. “Insurers had to play a lot of defense this year,” said Steve Suchil, AIA assistant vice president for the western …

CALIF. HOME INSPECTIONS FOR FLOOD DAMAGE BEGIN

Damage inspectors from the Federal Emergency Management Agency (FEMA) have begun meeting with California homeowners and renters who registered for disaster assistance after the severe flooding in December and January. FEMA schedules inspections to verify property damage and losses within …

RMS CEO SEES BIGGER CATASTROPHE LOSSES

Speaking at the World Insurance Forum in Bermuda, Hemant Shah, Risk Management Solutions CEO, warned that insurers should be preparing to increase their reserves for catastrophe losses, not only due to the unprecedented 2005 hurricane season, but also to prepare …

US AIRWAYS CAN’T COLLECT FOR 9/11 DISRUPTION, COURT RULES

US Airways cannot collect insurance for post-9/11 business losses because it already received money for that purpose from the federal government, the Virginia Supreme Court ruled March 3, according to an Associate Press report. The Tempe, Ariz.-based air carrier received …

PENN. HALTS ROLE IN AGENTS’ FINGERPRINT AGENCY

Pennsylvania Insurance Commissioner Diane Koken announced she will stop sending insurance agents’ fingerprints to a national repository, just days after a bill backed by the state’s independent agents that would have prohibited the state’s participation was introduced in the Pennsylvania …

Newsbriefs Archives by Month