Idaho News

Tort Reform Tops 2003 Idaho Legislative Session; State Fund Issue Remains Unresolved

Tort reform was reportedly the major accomplishment of the 2003 Idaho legislative session. The session lasted a record 118 days due to a standoff between the Governor and legislators over the raising of certain taxes to address the state’s budget …

Net Income Up for Hallmark Financial Services

Dallas-based Hallmark Financial Services Inc. reported operating results for the first quarter ended March 31, 2003, noting its net income rose to $8.6 million, or $0.75 on a diluted per share basis, compared to a net loss of $1.5 million, …

ISO Tech Conference to Explore Terrorism, Mold, Med-Mal, ID Theft

The Insurance and Technology Conference, sponsored by Insurance Services Office, Inc. (ISO), will be held Nov. 2-4 at the Disneyland Hotel in Anaheim. Dr. James Canton, futurist and author, will be the keynote speaker, discussing: RealTime: Creating Competitive Advantage in …

Getting the Percentages Right in Surplus Lines

I was standing at the ballpark watching the local minor league baseball team take batting practice before a game. My son was along for the insurance company-sponsored evening, and we were out along the third-base line in the area reserved …

Covering All the Bases with the Help of Surplus Lines

I was standing at the ballpark watching the local minor league baseball team take batting practice before a game. My son was along for the insurance company-sponsored evening, and we were out along the third-base line in the area reserved …

BOP

Nuts & Bolts: Superior Access is now offering a new BOP (Office Package Program) through a carrier with an AM Best Rating of “A+ XV”. Will entertain new ventures with a minimum of three years experience in their field. Agents …

L.A. Agent Arrested for Felony Grand Theft

Investigators with the California Department of Insurance (CDI) Investigations Division arrested Robert Derrick Franklin, 35, of Los Angeles, a licensed agent and owner of First Class Insurance Agency for selling bogus insurance policies and issuing phony ID cards. Franklin was …

Piccola Addresses Pa. Physicians as They Start Statewide Protests

Senate Majority Whip Jeffrey Piccola (R-15) emphasized Monday the need for enacting caps on non-economic damages in medical malpractice cases to members of the Politically Active Physicians Association (PAPA) at rallies in Southcentral and Southeastern Pennsylvania. Doctors are beginning a …

NYSID Announces Arrest of Man Who Sold False N.J. Auto Insurance to New Yorkers

New York’s Superintendent of Insurance Gregory V. Serio announced that a joint investigation with the Manhattan District Attorney’s Office and New York Police Department has resulted in the arrest of Jose Morel, 49, on charges of insurance fraud, possession of …

Willis Group Names Pacific Northwest Region, Seattle Leaders

Willis Group Holdings Ltd., announced two senior appointments strengthening its operations in the Pacific Northwest region of the United States. Chris Engstrom, formerly CEO of the Seattle office, has been promoted to Regional Executive Officer of the Pacific Northwest Region; …