Idaho News

Arthur J. Gallagher & Co. Purchases Idaho Workers’ Comp Administrator

Arthur J. Gallagher & Co. announced the acquisition of WorkCare Northwest Inc. headquartered in Boise, Idaho. Established in 1998, WorkCare Northwest Inc. is a program administrator specializing in workers compensation insurance for a diverse range of industries. Their business is …

Home Inspectors, Law Firms and Accountants

Nuts & Bolts: Avon, Conn.-based Target Insurance Services has available new markets for home inspectors professional liability, including optional general liability; professional liability for large law firms (50-plus in size); and professional liability for accountants. Through the professional liability program …

Financial Institutions

Nuts & Bolts: ISO introduced a new insurance program to protect financial institutions from employee dishonesty, forgery, computer crime, kidnap and ransom, and safe-deposit liability. The program includes policy forms and endorsements, underwriting rules, loss costs (projections of future claims) …

HIGHWAY SAFETY, TERRORISM EXCLUSION HIGHLIGHT IDAHO LEG. SESSION:

Idaho’s 2005 legislative session was marked as much by what legislation was passed as by what was not passed, according to the American Insurance Association. “Idaho legislators and Gov. Dirk Kempthorne (R) approved HB 160, a measure creating an exclusion …

On the Issue of Agent/Broker Compensation & Contingencies

The PIA Western Alliance has always supported vigorous insurance oversight and penalties should be imposed when agents or brokers break the law. As an association we regularly school our members to make sure their practices are in compliance with the …

La. Producer Arrested, Issued C&D Order

The Louisiana Department of Insurance announced that a Caddo Parish, La., insurance producer has been arrested and issued a cease and desist order for allegedly misappropriating insurance funds. DOI Fraud Unit investigators served Tammie Barron Thompson with a C&D order …

Nationwide’s New Identity Theft Policy Also Available Through Independent Agents

Columbus, Ohio-based exclusive-agent carrier Nationwide Insurance announced that its new identity theft policy will also be available through independent agents appointed with Nationwide subsidiary Allied Insurance. Nationwide Washington D.C.-based ID Theft Assist are joining forces to offer identity theft protection …

XL Posts $442.9 Million Q1 Net

Bermuda’s other major insurer, XL Capital Ltd., joined ACE (See previous article) in reporting slightly lower profits for the first quarter of 2005, as it posted net income of $442.9 million or $3.18 per share, compared with $452.2 million, or …

Passage of Highway Safety, Terrorism Exclusion Legislation Highlight 2005 Idaho Legislative Session

Idaho’s 2005 legislative session was marked as much by what legislation was passed as by what was not passed, according to the American Insurance Association (AIA). “Idaho legislators and Gov. Dirk Kempthorne (R) approved HB 160, a measure creating an …

Identity Crisis: Coping With Today’s ID Thievery

Insurance, Recovery Services and Preventive Measures One in 23 adults can expect to be victimized this year by identity thieves, at a cost to Americans of more than $50 billion. That’s according to the 2005 Identity Fraud Survey Report from …