Idaho News

Fla. CFO Promotes Legislation to Prevent ID Theft

Florida Chief Financial Officer Tom Gallagher on Monday unveiled a proposal to require financial institutions, brokerages, insurance companies and agencies to use greater care when they dispose of consumer records containing personal, financial and medical information. In the past year, …

PRIVATIZATION OF UTAH WORKERS’ COMP FUND FAILS:

Private insurers won a victory this week as legislation to privatize the Utah Workers’ Compensation Fund (WCF) died in the final hours of the 2004 Utah legislative session. However, the defeat of this legislation (SB 165) does not resolve the …

Gibson Appointed Vice President of AIA Western Region

The American Insurance Association (AIA) announced today that Kenneth L. Gibson has been appointed vice president of the association’s Western region, based in Sacramento. Gibson will oversee all of AIA’s state government affairs operations in the 10-state region, which includes …

Tort Reformers Look to Score in States after Washington Strikes Out

Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship with torts, but they did …

Nursing Homes, Assisted Living

Nuts & Bolts: Arrowhead Managed Insurance Programs is offering a market for nursing homes and assisted living. Dollars: Minimum deductible SIR of $50,000. Minimum premium, $50,000; policy limits: $1 million to $3 million. Carrier: Lloyd’s of London, rated “A-,” nonadmitted. …

Privatization of Utah Workers’ Comp Fund Fails as Legislature Adjourns

Private insurers won a victory this week as legislation to privatize the Utah Workers’ Compensation Fund (WCF) died in the final hours of the 2004 Utah legislative session. However, the defeat of this legislation (SB 165) does not resolve the …

Identity Theft

Nuts & Bolts: Travelers Property Casualty Corp. is offering a new master policy to cover identity theft expenses. Financial institutions or other commercial businesses can purchase this policy on behalf of their account holders or customers, or use as an …

Washington Commissioner Takes Med-Mal Crisis in Stride

Washington native Mike Kreidler was elected to the office of Insurance Commissioner in November 2000, taking office in January 2001. Before becoming Insurance Commissioner, Kreidler enjoyed a varied political career. He served 16 years in the state legislature in both …

Alarcón Says Industry Unwilling to Guarantee Savings Passed on to Employers

Senator Richard Alarcón (D-Van Nuys) said “the refusal of the Workers’ Compensation Insurance Ratings Bureau (WCIRB) to put a figure on the potential savings of the governor’s reform package signals the insurance industry is once again unwilling to guarantee that …

Insurance Skills Center to Host Agribusiness Conference March 17-18

Insurance Skills Center will hold a two-day insurance conference for continuing education credits focusing on Farm and Agribusiness Insurance Risks, scheduled March 17-18, 2004 in Sacramento, California. The 17th Annual Agribusiness Conference is designed for broker/agents, CSRs, and company representatives …