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

Plymouth Rock Adds Tow Service for Mass. Auto Insureds

Boston-based auto insurer Plymouth Rock has introuduced a new service for customers whose vehicles are unable to be driven after an accident. Known as “Tow And Go”, the service provides accident-related towing assistance — at no additional charge — to …

Brokers Offer Full Support for Surplus Lines Reform Bill

The National Association of Professional Surplus Lines Offices offered their full support and applauded the passage of the Non-Admitted and Reinsurance Reform Act of 2006 (H.R. 5637), by the House Financial Services Committee, Subcommittee on Capital Markets, Insurance, and Government …

Judge Overturns Wal-Mart Health Care Spending Law

A first-of-its-kind state law that would have required Wal-Mart to spend more on employee health care in Maryland is invalid under federal law, a judge ruled Wednesday. The state law would have required non-governmental employers with 10,000 or more workers …

Best Places Ratings of Omni Insurance Group Under Review

A.M. Best Co. has placed the financial strength ratings (FSR) of A- (Excellent) and the issuer credit ratings (ICR) of “a-” of Omni Insurance Group, Inc. (Atlanta, GA) under review with negative implications. Omni Insurance Group consists of Omni Insurance …

Colorado Seizes $5 Million in Collateral from Bail Bond Agent

Colorado regulators said Tuesday they had seized about $5 million in loan documents and other collateral from a bail bond agent, saying some of it may have been improperly kept from the people who posted it. The state Division of …

Prime Receives A. M. Best Rating Upgrade to “B+” With a Stable Outlook

Sandy, Utah and Chicago, Illinois – Prime Holdings Insurance Services, Inc. announced today that its property and casualty insurance subsidiary, The Prime Insurance Syndicate, Inc. (“Syndicate”), was notified that as of today, the Syndicate received an increased A. M. Best …

Universal Health Care Plan Approved in San Francisco

The San Francisco Board of Supervisors voted unanimously Tuesday to approve a plan that would give adults access to medical services regardless of their immigration or employment status. Financed by local government, mandatory contributions from employers and income-adjusted premiums, the …

California Announces Protections for Disability Insurance Consumers

California Insurance Commissioner John Garamendi announced a settlement with several insurance industry associations over proposed restrictions on disability income contract provisions. Under the agreement, a framework has been created for submission and approval of group and individual DI contractos tha …

Insurers File Lawsuit to Stop Calif. Auto Insurance Regulations

Three insurance trade groups have filed a lawsuit seeking declaratory and injunctive relief to stop enforcement of California Department of Insurance (CDI) auto rating regulations, which they say are “unfair” and “will harm millions of California policyholders.” The lawsuit was …

Florida Job Site Sweep Results in Three Workers’ Comp Arrests

Job site inspections in St. Lucie County, Fla. have resulted in the arrests of three individuals and the issuance of 15 Cease and Desist orders for unauthorized workers and two citations of $2,500 for unlicensed contracting. The Department of Financial …