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

CPCU Society Elects 2006-07 Officers, Governors

The CPCU Society elected new officers and governors during the CPCU Society’s 62nd Annual Meeting and Seminars in Nashville, TN, Sept. 9-12. These new positions are effective immediately. The following officers of the board have been officially elected: CPCU Society …

3rd Bag of Tainted Spinach Linked to Calif. Plant

A third bag of Dole baby spinach that tested positive for a deadly E. coli strain has been linked to a specific batch packaged at a Salinas Valley plant, California health officials said. A Pennsylvania state lab identified the strain …

New Mexico Commission Seeks New Insurance Superintendent

New Mexico’s Public Regulation Commission has chosen a finalist to replace former Insurance Superintendent Eric Serna, but regulators won’t say who that person is. Following a closed meeting Tuesday, the PRC announced it has authorized its chief of staff to …

California Anticipates Lowering Workers’ Comp Rates

Califiornia Insurance Commissioner John Garamendi announced he will likely recommend a further reduction in workers’ compensation insurance rates of at least an additional 6.3 percent. Based on pre-reform trends, the Workers’ Compensation Insurance Rating Bureau (WCIRB) estimates that such a …

Funding for Building Code Implementation Passes Legislative Hurdle in La.

The hurricane recovery effort in Louisiana received a much needed financial boost recently from the state as it continues implementing the statewide building code, the American Insurance Association reported. A legislative panel has approved the Louisiana Recovery Authority’s (LRA) plan …

Project Manager Indicted in Texas for Workers’ Comp Fraud

Texas Mutual Insurance Company reported that a Travis County, Texas, grand jury indicted Higgie Highsmith of San Antonio on workers’ compensation fraud-related charges. Highsmith allegedly collected $7,112 in workers’ comp benefits he was not entitled to. Highsmith reported a job-related …

AGs File Motion Against Agents’ Amicus Opposing Zurich Settlements

The Attorneys General of 10 states have filed a motion with the U.S. District Court for the District of New Jersey opposing an amicus brief filed on Sept. 15, 2006, by the National Association of Professional Insurance Agents (PIA). The …

La. Commissioner Orders Horace Mann to Halt Cancellations, Nonrenewals

Louisiana Commissioner of Insurance Jim Donleon has directed Horace Mann Insurance Companies of Springfield, Ill., to immediately cease the wrongful cancellation of homeowners policies in 23 parishes and reinstate any policies that have been cancelled since the Illinois-based insurer implemented …

La. Commissioner Drops Attempt to Pull Opponent’s Ads, Files Lawsuit

Insurance Commissioner Jim Donelon dropped his attempt earlier this week to yank off the air his opponent’s commercial that claims Donelon traded insurance licenses for campaign contributions. Donelon sued state Sen. James David Cain, his opponent in Saturday’s election, claiming …

Former Ohio Judge Must Pay Legal Fee, Court Rules

A former Franklin County judge must pay $587,000 in legal fees connected to her failed defense against accusations of misconduct, a federal judge ruled. Former Common Pleas Judge Deborah O’Neill, 51, owes the money because the insurance policy that covers …