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

Oregon Credit Scoring Measure Picks Up National Endorsement

An Oregon ballot measure that would ban using credit scoring to set insurance rates has picked up support from the nation’s largest consumer-protection advocacy group. Norma Garcia, senior attorney for the Consumers Union, which is behind Consumer Reports magazine, called …

Motorcycle Makers’ Renewed Focus on Safety Includes Air Bags

Jeaneen Parsons’ husband steered their motorcycle to the ground seven years ago to avoid hitting a passenger whose cycle went down on a twisting mountain road in Kentucky. The couple emerged from the accident with a few road burns and …

Fla. Nixes Citizens’ Plan; Bans Hiring of Lawyers for Rate Appeals

Florida Governor Jeb Bush and his Cabinet have rejected a proposed plan of operation for Citizens Property Insurance Corporation and instead ordered the state’s insurer of last resort to hold a series of public hearings before submitting a new plan. …

Fla. Orders 5 Workers’ Comp Insurers to Refund ‘Excess Profits’

Florida Insurance Commissioner Kevin McCarty has ordered five workers’ compensation insurance carriers to return what his department has determined are excessive profits totaling $649,363.00. Workers’ compensation insurers are required to return profits in excess of five percent under state law. …

Allstate CEO Liddy to Retire; Wilson Named Successor

The Allstate Corporation board of directors announced a leadership succession transition, which will occur over the next 18 months. Edward M. Liddy, currently chairman and chief executive officer, plans to step down as CEO at the end of 2006. He …

Insurer ProMutual Offers Captive-Like Option to Medical Facilities

ProMutual Group, a provider of medical malpractice liability insurance in the Northeast, recently launched ProSolutions Insurance Company, an alternative capptive-like insurance entity designed to assist medical facilities and groups in controlling the cost of their insurance premiums. ProSolutions is meant …

Tampering Not Suspected in E. Coli Outbreak Linked to Spinach

Tampering is not suspected in an outbreak of E. coli linked to fresh spinach, federal health officials said Monday as they continue to probe the source of the contamination and warned consumers to continue to avoid fresh spinach products. The …

Former Beverly Hills Agents Sentenced for Felony Grand Theft

A former Beverly Hills, Calif., insurance broker pled guilty to one count of felony grand theft after an investigation by the California Department of Insurance’s (CDI) Investigation Division. Gregory Starrett Williams, 53, pled guilty on August 29 and was sentenced …

Okla. Man Sentenced in Comp Case

An Elk City, Okla. man was ordered to pay more than $20,000 in restitution after pleading guilty to two felony counts of workers’ compensation fraud in Oklahoma County District Court, the state attorney general’s office announced. Brian W. Walton, 26, …

Early Voting Begins for Sept. 30 Commissioner Election in La.

Although election day isn’t until Sept. 30, voters in Louisiana were able to begin voting Sept. 18 under the state’s new early voting law. Early voting extends through Sept. 26; the new law went into effect Jan. 1, 2006. On …