Monthly Archives: <span>April 2005</span>

Researchers Find Roofing Answers Following Multi-Million Dollar Texas Storm

A major hailstorm that pelted a 200-mile-long path of Texas proved to be a real-world laboratory for researchers looking at roofing products and impact protection. The results of the research project, which included a review of more than 300,000 insurance …

Former La. Producer Told to Cease and Desist

A former Louisiana insurance producer in Tangipahoa Parish was arrested and issued a cease and desist order for allegedly misappropriating insurance funds, Commissioner of Insurance Robert Wooley announced. Department of Insurance Fraud Unit investigators served Joshuah C. Murphy with a …

AIA: Targeted Workers’ Comp Reforms Needed in North Carolina

With the positive impact of the mid 1990’s workers’ compensation reforms diminishing and higher costs creeping back into the system, the American Insurance Association (AIA) is actively supporting legislation (S. 984) to put the workers’ comp system of the nation’s …

Proposed Legislation Ensures Fairness in Standards Applied to Agents in Texas

Texas House Bill 2155 and Senate Bill 236 were recently debated before each Chamber’s respective committee. This critical legislation, sponsored by the Independent Insurance Agents of Texas, merits broad support, as it would address the inequities insurance agents face in …

Japan Rail Crash Raises Questions

The death toll from Monday’s commuter train crash in Japan has reached 106 with the discovery of three more bodies on Thursday, including the 23-year old driver. In addition to the dead more 450 people were injured in the country’s …

Allstate Testing ‘Your Choice’ Auto Policy Option in Tennessee Market

The goal of a new auto insurance plan introduced by Allstate Corp. in Tennessee attempts to drive the market away from a price obsession and refocus attention on products and features. Called the Your Choice options, it promises Tennessee policyholders …

Suspects Arrested in Alleged Calif. Car Theft Ring

Ten Thai nationals were arrested in California for allegedly participating in a car theft ring that caused $10 million (euro7.7 million) in losses to dealerships and insurances, police said. The suspects were arrested for investigation of embezzlement and auto theft, …

Student Study Backs Pa. Residents’ Claims of Development Effect on Flooding

A doctoral student says his examination of two small streams in eastern Pennsylvania appears to back up what inundated residents have long suspected: flooding along small creeks and streams is worsened when land is paved over. Joshua Galster watched the …

Fire Marshal Says Conn. Mill Fire Likely Set

A blaze that destroyed the vacant InterRoyal Mill complex in Plainfiled, Conn. on April 26 appears to have been set by someone, town Fire Marshal Paul Yellen said. Yellen said it was too early to know whether the fire was …

The Hartford Notes 17% Gain in Q1 Net Income

The Hartford Financial Services Group Inc. set a new quarterly record with net income of $666 million, or $2.21 per diluted share, in the first quarter of 2005, a 17-percent increase over the prior-year period. Net income in the current …