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

Safeco to Host Webcast to Discuss Second-Quarter Financial Results

Seattle-based Safeco will be hosting a live Internet broadcast of its regularly scheduled conference call to discuss second-quarter financial results. The conference call will be held at 10 a.m., EST on Wednesday, Aug. 2, 2006. The call also will be …

ICAT Specialty Offering Residential Hurricane Product in Hawaii

ICAT Specialty Insurance Co. is offering residential named hurricane insurance for dwellings, apartments, town homes and condominiums in Hawaii. Written on an admitted basis, the product provides named hurricane coverage for policyholders with values up to $2.5 million. Dwellings and …

Washington Fines Geico $120,000 for Credit-Scoring Violations

Washington state’s insurance commissioner fined four Geico Inc. insurance companies $120,000, alleging they used an unapproved scoring model to evaluate and offer personal auto coverage to consumers two years ago. Insurance Commissioner Mike Kreidler said the companies — Government Employees …

Albuquerque Lawyer Who Sued Insurer Awarded $11 million

A New Mexico State district court jury has awarded an Albuquerque lawyer nearly $11 million after she sued an insurance company that she said ruined her legal practice. Allstate Insurance Co. routinely hired Suzanne Guest to represent the company in …

Ark. Police See Rise in Copper Thefts

Record prices for copper have made the metal an attractive target for thieves in Arkansas, police say, just as it is elsewhere in the country. Little Rock police say copper thefts are “rampant.” Thieves even worked on an Entergy substation …

Kite Tubing Banned on Ark., Mo. Lakes

The U.S. Corps of Engineers announced that it is a banning kite tubing, a new extreme water sport, on its lakes in Arkansas and Missouri. Kite tubing has caused at least two deaths on lakes in Texas and Wisconsin, the …

Six Flags Wants Out of New Orleans

The company that owns Six Flags New Orleans does not want to reopen the flood-ravaged eastern New Orleans theme park, but Mayor Ray Nagin said he wants to hold the company to its 75-year lease. Six Flags Inc. has offered …

University of Idaho Employees on Edge over Stolen Data

University of Idaho employees worry they could fall prey to identity theft after learning computers with their personal data were stolen from an insurance firm bidding on the school’s health contracts. The university told about 3,000 current and former employees …

Las Cruces Legislator Wants More Oversight of State Insurance

A Las Cruces lawmaker is vowing to reintroduce legislation that would increase oversight of New Mexico’s Insurance Division. Democratic Sen. Mary Kay Papen said a possible conflict of interest created by Eric Serna’s dual roles as state insurance superintendent and …

Brown & Brown Acquires Kentucky-based The Anderson Group

The acquisition of The Anderson Group of Owensboro, Ky., has been announced by Brown & Brown Inc. of Daytona Beach and Tampa, Fla. The announcement was made jointly by J. Scott Penny, Brown & Brown regional executive vice president and …