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

One-Third of Orleans Area Residents Polled May Leave in 2 Years

Even among the best-off post-Katrina returnees to New Orleans and neighboring Jefferson Parish – those living in houses or apartments, rather than trailers – about one-third say they may leave the area within the next two years, a small poll …

Utah Appoints Spann Director of Captive Division

Utah Insurance Commissioner D. Kent Michie has appointed Donnie R. Spann, as the first director of the department’s Captive Insurance Company Division. “Don has a strong regulatory background, including experience working with captive insurers in the State of Tennessee,” Michie …

Motor Vehicle Theft Declines in California

California Attorney General Bill Lockyer has released the Department of Justice’s “Crime in 2006, January Through June” preliminary report showing property crime decreased by 2.8 percent compared to the same period in 2005, while violent crime increased by 4.1 percent …

Texas Seeks Comments on Financial Responsibility Program User Guide

The Texas Department of Insurance has issued a request for comments on the Financial Responsibility Program User Guide being developed as part of the implementation of the state’s auto insurance verification program. Senate Bill 1670, 79th Legislature, Regular Session, requires …

Court Rules Estate Not Entitled to Workers’ Comp Benefits

The Second Appellate Court of California has ruled in Six Flags Inc. vs. Workers’ Compensation Appeals Board, et. al. that it is unconstitutional to award a $250,000 worker’s compensation death benefit to the estate of an employee who suffers fatal …

Health Care Premiums Outpace Oklahomans’ Earnings

The cost of health insurance for Oklahoma families rose more than four times faster than their wages over the last six years, according to a new study. The report released by Families USA, a nonprofit health care consumer advocacy group …

Florida Calls Special Session on Insurance Issues for Jan. 16

Florida state officials will begin efforts to reshape the state’s property and casualty insurance market with a special legislative session on Jan. 16, 2007. Governor-elect Charlie Crist, Senate President Ken Pruitt (R- St. Lucie), and House Speaker Marco Rubio (R-Miami) …

Colo. Imposes New Procedures for Surplus Lines Brokers

Colorado has implemented new procedure changes for surplus lines brokers. Beginning Jan. 1, 2007, surplus lines brokers in Colorado will need to report their monthly policy and endorsement transactions directly to the state’s Division of Insurance, rather than the Surplus …

Mass. AG’s Big Dig Suit Targets Include 3 Surety Insurers

Massachusetts Attorney General Thomas F. Reilly planned to file his civil lawsuit yesterday against 15 companies including three insurers that provided surety bonds for the general contractor of the Big Dig Interstate 90 connector tunnel that collapsed on July 10, …

Judge Rules in Favor of Plaintiffs in New Orleans Canal Case

In a decision that could cost insurers many more billions of dollars than they have already paid out in Hurricane Katrina claims, a federal judge in New Orleans has ruled that ambiguities in certain homeowners policies leave open the possibility …