Volume 10, Issue 6 - November/December 2008
House Considers Bill That Would
The office would be formed to:
• Establish federal policy on international insurance matters and ensure that state insurance laws are consistent with agreements between the United States and a foreign government or regulatory entity; and
• Advise the Secretary of the Treasury on major domestic and international insurance policy issues.
The bill, known as the Insurance Information Act of 2008, also would preempt inconsistent state law and would require the head of the Office of Insurance Information to report to specified congressional committees on the financial state and meaningful trends of the insurance industry.
H.R. 5840 was introduced in April by Rep. Paul E. Kanjorski (D - Pa.). It began in the subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and in July was voted to the House Financial Services Committee, where it currently is under review.
LYNX to Manage Glass
Neither Mercury spokesperson Erik Thompson nor representatives of LYNX Services could be reached for comment.
Mercury General Corp. is a multipleline insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent agents and brokers in 13 states.
Amica Mutual Selects
Gerber National Glass
Services as Auto Glass
“We are excited to have been selected by Amica to service their customers,” says Eddie Cheskis, chief executive officer of Gerber National Glass Services.
“We expect Gerber’s glass claims management program to continue to provide the superior service our customers have come to expect,” adds Sean Welch, assistant vice president for Amica.
IIHS Report Argues That Raising Drivers’
License Minimum Age Reduces Teen Crashes
The IIHS study argues that delaying the age at which licensure is allowed, and providing a graduated system (which usually includes a permit period and limits when and with whom a new young driver can take the wheel) reduces crash rates involving teenage drivers.
During this year’s legislation sessions, Delaware, Florida, Massachusetts
Georgia saw legislation introduced to raise the minimum age to get a
to 17; likewise, a second bill in Massachusetts proposed a required age of
18 for licensure, while one in Illinois also suggested 18. None of these