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

Prosecutors Say Woman Planned Fatal Carjacking for Insurance Payout

A Des Moines, Washington woman who tearfully pleaded for her husband’s killer to come forward actually plotted his death, a crime that was staged to look like a random carjacking and left her a millionaire, King County prosecutors said Tuesday. …

Mo. Department Extends Traveler’s Contract for Residual Market Plan

The Missouri Department of Insurance has extended Travelers Commercial Casualty Company’s contract as the insurer for the Missouri Alternative Residual Market Plan. As part of that extension, Travelers filed a revised rate structure with the department that includes a premium …

Chicago Mercantile Exchange Sees Growth Opportunities in Weather

The Chicago Mercantile Exchange has announced that weather derivatives could be an important growth area and hopes to launch new products to tap into demand for hedges against weather-related risk. “It’s our view that weather risk is no different than …

Bogardus Named 2006 IMCA Golden Torch Award Recipient

In recognition of his lifelong contributions to the insurance industry, the Insurance Marketing Communications Association (www.imcanet.com) awarded its Golden Torch Award to John A. (Jack) Bogardus, Jr. Bogardus, former chairman and CEO of global insurance broker Alexander & Alexander, also …

Neb. Lawsuit: Cities’ Policies Obstruct Petition Circulators, Free Speech

The head of a petition drive aimed at capping state spending has filed a lawsuit alleging that the cities of Omaha, Lincoln and Grand Island, Neb. are hampering the ability of petition circulators to gather signatures. The petition drive, working …

Uninsured Drivers Increasing; Vary by State; Miss. Highest, Maine Lowest

Across the United States, if someone is injured in an auto accident, the chances are about one in seven that the at-fault driver is uninsured. According to a recent Insurance Research Council (IRC) study, the estimated percentage of uninsured motorists …

Floods, Mudslides Alter Busy Routines in D.C.-Maryland Area

In Washington, D.C., a city that always seems to be in a hurry, this week’s soggy weather forced almost everyone to slow down. Water and mudslides blocked highways. Commuter rail lines sputtered. Some federal office buildings closed, and other government …

Supreme Court to Hear States’ Case Against EPA Over Climate Change

Running for president, George W. Bush said he was ready to regulate carbon dioxide. But in early 2001, shortly after taking office, he changed his mind. It would be too expensive to force reductions of the leading heat-trapping “greenhouse gas” …

Former N.J. Cop Gets 1-Year for ‘Chop-Shop’ Car Insurance Fraud

A former Hillside, New Jersey police officer has been sentenced to one year in jail and barred from public employment for taking part in a chop shop insurance scheme. Dennis Melendez, who had been on the Hillside department for seven …

R.I. Governor Vetoes 24-Hour Insurance Proof Bill as ‘Unnecessary’

Rhode Island Gov. Don Carcieri has vetoed a bill that would have given Rhode Island drivers 24 hours to produce proof of insurance after they are stopped by a police officer or involved in an accident. The legislation was among …