Monthly Archives: <span>June 2003</span>

Lloyd’s Survey Predicts Increased Demand for Specialist Insurance Cover

Lloyd’s has released the results of a survey, which shows that the demand for specialist insurance cover is expected to rise significantly over the next two years as a direct result of European weather and liability exposures. Lloyd’s conducted the …

Fla. Agent Surrenders License

A Cocoa, Fla.-area agent surrendered her insurance license following charges by the Florida Department of Financial Services that she misappropriated premium funds. According to the department, it filed an administrative complaint alleging that Gabrielle Shockey, 34, sold insurance policies to …

Ill. Legislators to Hold Hearings on Uninsured Motorists

Illinois Reps. Karen Yarborough (D-Maywood) and John Millner (R-St. Charles) are holding two hearings to give agents and the public a forum to discuss the effectiveness of the state’s mandatory insurance laws. Newly appointed Insurance Director J. Anthony Clark has …

L.A. Agent Files Counter-Suit Against 21st Century Insurance

A Los Angeles insurance agent has filed a counter-claim against 21st Century Insurance Group (formerly known as 20th Century Insurance) over the use of the name “21st Century Insurance” in Los Angeles County. Alfred Bunmi George, owner of Los Angeles-based …

Scoring Bill Enacted, Rate Reform Fails During Nevada’s 2003 Legislative Session

Use of credit-based insurance scores, regulatory reform, medical liability and auto repair issues were among the most significant bills considered during the 2003 regular legislative session in Nevada, which concluded earlier this month. Nevada joined other states this year in …

Great Lakes Conf. Sept. 17-19

The PLRB/LIRB/WLA Great Lakes Adjuster Conference will be held Sept. 17-19 at Marriott’s Lincolnshire Resort in Lincolnshire, Ill. The curriculum has been formulated by PLRB/LIRB to address the core skills necessary for effective property/casualty claim adjustment and supervision. There will …

La. Legislative Votes to Re-Vamp State-Run Plans

A Louisiana bill that would reportedly overhaul the state’s FAIR and Coastal plans passed both the Senate and House this week and is headed to Gov. Mike Foster’s desk for his signature. House Bill 1788, which creates the Louisiana Citizens …

Weiss Ratings Drops a Bomb on the Med-Mal Debate

Martin D. Weiss, the head of the Florida-based rating service that bears his name, couldn’t have chosen a better way to ramp up the debate over medical malpractice lawsuits, and the increased costs of insurance coverage, than to challenge the …

NACE Selects Las Vegas for Future Events

Show Management for the International Autobody Congress & Exposition (NACE) and the show sponsor, the Automotive Service Association (ASA), announced that starting in 2004, NACE will be held in Las Vegas annually and will take place during the same week …

NAMIC Reacts to Asbestos Litigation Reform

On Thursday, the Senate Judiciary Committee began its consideration of S. 1125, the Fairness in Asbestos Injury Resolution (FAIR) Act of 2003.” Next Tuesday, it is expected that the Committee will reconsider this bill. Senate Judiciary Committee Chairman Orrin Hatch, …