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

PCI Denounces Okla. Bill Promoted by Salvage Dealers

Property Casualty Insurers Association of America announced it took aim at a bill promoted by salvage dealers in Oklahoma that the association says would create an environment of collusion. House Bill 3085 by Bill Case (R- Midwest City) would allow …

Fla. ‘Fly-In’ Features ‘Issues Briefings,’ House Insurance Committee Chair

Legislative topics of major concern to Florida’s insurance industry from property insurance to joint and several repeal tort reform will be discussed by Skip Long, chairman of the Florida Independent Insurance Agents Legislative Council, during the opening session of the …

Best Takes Rating Actions on Kingsway

A.M. Best Co. announced that it has affirmed the issuer credit rating (ICR) “bbb-” of Canada’s Kingsway Financial Services Inc. (KFSI). Best also affirmed the debt rating of “bbb-” on KFSI’s C$78 million (US $66.4 million) 8.25 percent senior unsecured …

Lloyd’s Pleased with Firms 2005 Results Despite Hurricanes

Ewan Gilmour, Chief Executive of the U.K.’s Chaucer insurance group and Lloyd’s Deputy Chairman, issued a statement praising the market’s underwriters for delivering a series of good results, following the recent publication of most companies 2005 preliminary earnings figures. He …

Gov. Sanford Says S.C. Must Heed Katrina Wake-Up Call

After the thousands of deaths and billions of dollars in damage from last year’s record hurricane season, emergency planners must “imagine the unimaginable” in preparing for a storms, South Carolina Gov. Mark Sanford warned this week. “We have been lulled …

Mass. May Toughen Teen Driving Laws, Raise Licensing Age

It’s considered by many teenagers a rite of passage to start driving when they turn 16. But some parents, police officers and lawmakers are beginning to question whether that’s too young to handle the responsibilities of the open road. With …

Sleep-Deprived Teens Drowsy at School, While Driving

America is raising a nation of sleep-deprived kids, with only 20 percent getting the recommended nine hours of shuteye on school nights and more than one in four reporting dozing off in class. Some 51 percent of adolescent drivers reported …

Consumer Advocate Back in Auto Safety Watchdog Role

More than forty years after “Unsafe at Any Speed” shook up the U.S. auto industry, Ralph Nader is returning to his roots. The longtime consumer advocate and former presidential candidate contends the auto industry has failed to push forward technology …

Mississippians Favor State Building Code; Legislative Support Doubtful

More than three-quarters of Mississippians say they favor adoption of a state building code, but a bill now before the Legislature to create such a building code remains in doubt. The Coalition to Build a Safer and Stronger Mississippi, of …

California State Fund Holds Ergonomics Workshop in Sacramento

California’s State Compensation Insurance Fund will be hosting a free ergonomics workshop at its Sacramento District Office on March 29-30. Ergonomics – “the science of fitting the job to the worker rather than forcing the worker to fit the job” …