Gov. Gregoire signs law requiring drivers with three
violations in three years for not producing proof of insurance
to submit proof of financial responsibility before
reinstatement of drivers license, registration and plates.
Commissioner Poizner recommends holding workers comp
rates steady despite request by WC rating bureau for 23.7%
increase. He cites declines in costs for self-insured employers
and tells insurers he will set up an advisory group to counsel
insurers how to operate efficiently. >> Michela
Alioto-Pier declares bid for state insurance commissioner seat
in 2010. She currently sits as a Democrat on the Board of
Supervisors for San Francisco. >> Poizner recommends 83
changes to improve Insurance Guarantee Fund. This is the
commissioner’s fifth top-down review to improve
efficiency in groups affiliated with his department.
No override of governor’s veto of
“healthcare pooling” bill opening state-worker
health insurance program to employees of municipalities,
nonprofits, and employers in the state with fewer than 50
employees. Lawmakers did override Gov. Rell’s veto of a
bill to establish a board to develop an outline, by 2011, for
universal healthcare in the state.
Signs cooperation agreements with Germany and the U.K.
on sharing information and coordinating regulatory duties.
>> First District Court of Appeal upholds Commissioner
McCarty’s denial of 47% State Farm rate hike. The
insurer’s withdrawal from Florida is scheduled to go
before an administrative court on Oct. 12.
Insurance Department offers free law class for
producers, covering consumer complaints, p-c review, state
individual high-risk pool, stranger-oriented life insurance,
life settlements, and legislative update. Starts Sept. 23,
Amends agreement with Arthur J. Gallagher, now
permitting the brokerage to receive retail contingent
commissions across all lines.
Distributes $9.2 million to local firefighter relief
associations across the state for purchase of accident and
health, disability and life insurance for firefighters and
their families. Money comes from 2% tax paid by insurers on
fire and lightning premiums written in the state in the prior
Federal Appeals Court in New Orleans finds that the
provision of a computer-generated loss run was sufficient
notice of a claim. Lexington Insurance had denied East Texas
Medical Center a med mal claim under an excess liability policy
because of improper notification.
Gov. Nixon signs bill simplifying process of moving
offshore captive operations to Missouri. Designed to help
state-based companies bring captive operations back to state,
it may also encourage outside companies to set up captives
Division of Insurance hosts first-ever Insurance
Industry Day, Sept. 11, 2009, at Harveys Lake Tahoe Resort to
“foster better partnership between the division and its