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

Simon Departs Calif. Gubernatorial Recall Race

Californians going to the polls on Oct. 7 will have one less Republican choice in the race to recall Gov. Gray Davis and elect a never governor. On Saturday morning, Republican candidate Bill Simon departed the race, reportedly getting pressure …

Alliance Reacts to Calif. Privacy ‘Truce’

A truce seems to have been reached in the long-running battle over privacy legislation in California, according to the Alliance of American Insurers. “There is good news and bad news from Sacramento,” said Rey Becker, vice president of property/casualty for …

The Mattei Companies ‘Go Live’ With Sirius

Insurance technology vendor, Sirius Financial Systems, Inc., announced that the latest U.S. MGA to commit to Sirius for MGA’s, The Mattei Companies, have now completed the implementation of the system at their Washington offices and ‘gone live’. Located in Denver, …

Survey Says Two-Thirds of U.S. Renters Live Without Insurance

A new independent consumer survey conducted for the Independent Insurance Agents & Brokers of America (IIABA) has reportedly found that nearly two-thirds of those living in U.S. rental properties are currently risking severe financial loss by going without renters insurance. …

GLM Mycology Lab Gets to the Bottom of Mold Information

What do Baskin-Robbins, Dunkin Donuts, Blockbuster Video, 7-Eleven and IHOP have in common with mold? A FunGuy (not fungi) named Grant Miller. Miller is the former president of Allied Domecq Quick Service Restaurants International, parent of Baskin-Robbins and Dunkin’ Donuts, …

Former La. Agent Arrested, Issued C&D

A former Hammond, La., insurance agent (producer) was arrested and issued a Cease and Desist Order for allegedly misappropriating insurance funds, according to Louisiana Insurance Commissioner Robert Wooley. Department of Insurance Fraud Unit investigators served Lee Ponder Yarborough, Jr., 43, …

Ore. Drivers Spend Less than Average for Insurance

Oregonians spend less than the national average for personal automobile insurance, according to a recent report comparing premiums nationwide. The estimated average expenditure for personal auto insurance in Oregon was $642.52 in 2001, compared with the national average of $717.70. …

Calif. Commissioner Announces New Emergency Regulations for Homeowners

Watch Video Length: 10 min 36 sec Lo | Hi California Insurance Commissioner John Garamendi reiterated that homeowners are in crisis during a press conference in San Diego Aug. 21, announcing new additions to his “Homeowners Bill of Rights.” Garamendi …

Fla. Dept. Seeks to Revoke Sarasota Agent’s License

The Florida Department of Financial Services has filed an administrative complaint against an area agent alleging that he sold bogus health insurance policies to at least six local businesses. The complaint alleges that Bradley Beshore, 54, of Sarasota, sold policies …

Kan. Storm Losses Now Exceed $256M

Kansas Insurance Commissioner Sandy Praeger said the 2003 storm season in Kansas produced more than $256 million in losses of insured property and crops during April through July. “The storm season extended well beyond spring this year—and we’ve exceeded the …