Monthly Archives: <span>February 2006</span>

Texas Division of Workers’ Comp Reorganized into 4 Program Areas

Texas Commissioner of Workers’ Compensation Albert Betts announced organizational changes at the Texas Department of Insurance Division of Workers’ Compensation effective immediately. Major reforms of the Texas workers’ compensation system approved by the Legislature in House Bill 7 last year …

La. Bill Would Bar Automatic Denial of Claims Because of Water Marks

Insurance companies shouldn’t be able to point to floodwater marks or homes shifted from their foundations as the only reason for denying claims, a Louisiana Senate committee has decided. The bill by Sen. Julie Quinn is another piece of a …

Miss. Insurance Company Owner Testifies in Fisher Trial

An insurance company owner at times gave conflicting testimony on Feb. 7 about a $1,000 contribution to former Oklahoma Insurance Commissioner Carroll Fisher, the Oklahoman and the Associated Press reported. Mississippi insurance company owner Johnny Morgan at first told jurors …

AIA: Auto Issues Top the Agenda for Minn. Legislative Session

Repeal or reform of the Minnesota’s auto insurance no-fault law, “no pay/no play” legislation and consumer privacy top the list of legislative priorities for the American Insurance Association (AIA) in the North Star State this session. “It is time to …

IRS Ruling Impacts Yuba County (Calif.) Flood Victims

The Internal Revenue Service, Franchise Tax Board, and California Society of Enrolled Agents are offering two tax workshops in Marysville to present updated information and answer questions about the tax ramifications of the recent Yuba County flood settlements. In 2005, …

Agribusiness Conference – Sacramento

The nation’s largest two-day conference focusing on farm and agribusiness insurance risks will be held March 15-16, 2006 in Sacramento, CA at the beautiful Radisson Resort Hotel. This 19th Annual Agribusiness Conference allows participants to receive continuing education (CE) credits …

Kingsway Grows Net Income by 24% for 2005; Dividend Increases 25%

Canada-based Kingsway Financial Services Inc. reported financial results for the fourth quarter and year ended Dec. 31, 2005 (Cdn dollars except where indicated). Net income for the quarter increased 16% to $42.1 million compared to $36.3 million in the fourth …

PCI: Mich. Territorial Rating Bill Would Raise Rates for Most Consumers

Legislation supported by Detroit-area lawmakers, which seeks to lower insurance costs in their city could increase premiums for up to 60 percent of Michigan consumers by prohibiting insurers from using geographic territories in determining automobile and homeowners rates, according to …

N.Y. Arrests 14 in Upstate Workers’ Comp Sweep

New York Attorney General Eliot Spitzer, Inspector General Dineen Riviezzo, Insurance Superintendent Howard Mills, Insurance Fund Executive Director David Whener, and Workers’ Compensation Board Fraud Inspector General John Burgher, Jr., reported the arrests and arraignments of 14 individuals for insurance …

$1M in Wildfire Loss Grants Issued for Okla. Individuals

Checks totaling more than $1,000,000 are in the hands of 113 Oklahoma residents who qualify for federal and state disaster assistance for damages and losses caused by the wildfires that have affected the state since Nov. 27, 2005. More grants …