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

Vermont Law Shields Gun Clubs from Some Lawsuits

Vermont Governor Jim Douglas was at the Barre Rifle and Pistol Club recently to sign legislation protecting Vermont’s shooting ranges from so-called frivolous lawsuits and nuisance claims. Douglas said the strong legislative support for the new law reflects the importance …

Supreme Court Lets Stand Maine Law Regulating Pharmacy Benefit Managers

The U.S. Supreme Court has declined to review a First Circuit Court of Appeals decision that upheld a state law in Maine regulating the business practices of pharmacy benefit managers (PBMs) and requiring them to pass along discounts to consumers. …

Hearn Named Willis Re CEO; Millwater Remains Chairman

Willis Group Holdings, the global insurance broker, announced that Peter Hearn has been promoted to chief executive officer of Willis Re, where he will oversee the unit’s global efforts. Grahame Millwater, previously both chairman and CEO of Willis Re, remains …

Thousands in S.C. Drive With Suspended Licenses

About 5 percent of South Carolina’s drivers, more than 156,000, have suspended or revoked licenses, according to South Carolina Department of Motor Vehicles records. But officials say many of those people continue to drive, causing crashes and financial strain because …

Dale: Miss. Wind Pool Decision Coming in Two to Three Weeks

Mississippi State Insurance Commissioner George Dale says he will make a decision in the next two to three weeks on a proposed 397.8 percent rate increase for thousands of coastal residents covered by the Mississippi Windstorm Underwriting Association. Nearly 500 …

Two W.Va. Arrests for Insurance Fraud, Workers’ Comp Forgery

Insurance agent Brenda Valentine of the Mountain State Insurance Agency Inc. has been indicted on six felony counts of insurance fraud; and Scott Saul of Pipeline Services has pleaded guilty to workers’ compensation forgery, according to West Virginia Insurance Commissioner, …

Mich. House Passes Controversial Motorcycle Helmet Repeal Bill

With hundreds of motorcycle riders outside the Capitol, the Michigan state House today passed a controversial repeal of a mandate for riders to wear helmets. The legislation passed by a 66-37 vote and is awaiting the signature of Gov. Jennifer …

London American Risk Specialists, Inc Announces the Formation of London American Professional Liability, LLC

Houston, TX – London American Risk Specialists, Inc., headquartered in Houston, TX. is pleased to announce the formation of London American Professional Liability, LLC based out of Fort Lee, New Jersey. LAPL is a program administrator and MGA specializing in …

Paulmar Software Introduces New Insurance Premium Accounting and Solvency Management Software

Product Performance: NOBL was designed to manage premium and return premium fiduciary funds transacted by P&C insurance agents and brokers until they are disbursed to legal owners (insurance companies, general agents, agency operating account or finance companies). Premium financial management …

Calif. Treasurer to Face Schwarzenegger, Bustamante Knocks Out Kraft

California State Treasurer Phil Angelides defeated Controller Steve Westly in a bitter primary battle, and the Democrats turned their attention to defeating a wounded but rebounding Republican Gov. Arnold Schwarzenegger in the fall. With 99 percent of precincts reporting from …