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

Arizona Puts the Heat on Insurers for Wildfire Protection

As wildfire season stretches across the Western states from June through September, Christina Urias, director of the Arizona Department of Insurance, has lit a fire under agents and insurers to work with their clients to ensure they are properly protected …

Researchers Find Many Commercial Drivers Impaired by Lack of Sleep

Truck drivers who routinely get too little sleep or suffer from sleep apnea show signs of fatigue and impaired performance that can make them a hazard on the road, according to a major new study by researchers at the University …

GlaxoSmithKline Settles Claim of Inflating Prices on Cancer Drugs

GlaxoSmithKline Inc. has agreed to pay more than $41 million in restitution to end claims by more than 40 states that it inflated the prices of drugs used by cancer patients and others. The settlement announced last Thursday with the …

CCMSI Announces the Acquisition of G.E. Young & Company

Cannon Cochran Management Services Inc., a self-insurance program and third-party administrators, has acquired G.E. Young & Company, Inc. G.E. Young, an independent adjusting and third-party administration with offices in Colorado, Oregon, Washington and Minnesota. G.E. Young has built and maintained …

ISO Acquires Xactware

ISO has acquired the assets of Xactware, Inc., a provider of estimation software and services for the property insurance, remodeling and restoration industries. Terms were not disclosed. The privately held company and its more than 230 employees will continue operating …

Attorney Suggests Parishioners Contribute to Settlement

An attorney representing people who allege they were sexually abused by priests says Catholics in Eastern Washington can settle their church’s sex-abuse crisis and bankruptcy for $60 million — half of which he suggests could come from parishioners. Bishop William …

Fla. Charges Agency with ‘Sliding’ Ancillary Costs onto Auto Policies

Tom Gallagher, Florida’s chief financial officer, said he has filed administrative charges against 12 agents and customer representatives of Direct General Insurance Agency for “sliding” ancillary products into consumers’ automobile insurance policies without their knowledge or consent, a scheme Gallagher …

Agents Association Accuses Garamendi of Using Office to Win Votes

The Western Insurance Agents Association, Rancho Cordova, Calif., has issued a statement responding to California Insurance Commissioner Garamendi’s auto rate regulations. It reads: Americans would be hard pressed to find anyone across the United States that has exploited his public …

Mass. FAIR Plan Rate Increases Approved to Start Oct. 1

The residual market insurer for Massachusetts property owners has been given the green light to raise rates an average 12.4 percent for homeowners and 5.7 percent for dwellings to help cover the potential costs of hurricanes. The new rates for …

Insurers in Louisiana Agree to Extend Hurricane Lawsuit Deadline

Commissioner of Insurance Jim Donelon says nearly all of Louisiana’s homeowners insurance companies, including State Farm and Allstate, have complied with his order to extend the prescriptive period for policyholders to file a lawsuit as result of a hurricane-related insurance …