Mass. Steals Limelight
As Convention SiteThe National Auto Theft Bureau couldn't have picked a more appropriate site for its 1987 convention: the capital of the state that sort of deserves being called auto theft capital of the United States.
There were six states that reported more stolen cars in 1985 than Massachusetts, but the Bay State led the nation in stolen cars per 100,000 registered automobiles and per 100,000 population.
National Transportation Safety Board officials credited the Governor's Auto Theft Task Force and other local police efforts to crack down on the problem. But one conventioneer told a newsman, When Massachusetts finally decides people who steal cars will be punished in some meaningful way, we'll have an effective deterrent.
There were 50,346 stolen cars reported in Massachusetts in 1985, according to an NTSB spokesman in Chicago, an increase of about 2,000 over 1984. That year, the state was second in the nation in terms of thefts per 100,000 people.
The FBI's Uniform Crime Reporting statistics showed California leading the 1985 stolen car unit category with 177,237, followed by New York, 106,237, Texas, 99,528, Michigan, 75,233, Illinois, 68,160 and Florida, 59,724.
Nationwide, automobile thefts rose 70,000 from 1984 to 1,102,862.
Corroon & Black Buys
El Monte, Calif. Agency
NEW YORK - Corroon & Black Corp. said it completed the acquisition of Rosskopf, Rapp & Schmidt Insurance Agency of El Monte, Calif. Terms weren't disclosed.
The agency includes Rosskopf, Rapp Insurance Agency Inc. and John Z. Schmidt Insurance Agency. The retail property and casualty agent specializes in serving construction firms, a major market for Corroon & Black as well. It will be merged with the Corroon & Black Los Angeles division, based in Pasadena.
Corroon & Black is an insurance brokerage holding firm.
Bank Expansion Plans
Seen Losing Support
WASHINGTON - The Professional Insurance Agents said that "a growing consensus of Capital Hill lawmakers oppose the expansion of banks into insurance."
The agents reached the conclusion recently after a round of talks with legislators that "more and more people in Congress are convinced that banks should not be jumping into other financial fields for anti-competitiv e reasons."
But, the agents said, they have found Congress is "less convinced" that the McCarran-Ferguson Act should not be repealed.
Insurers' Group Hits
Proposed Md. Law
NEW YORK - The Alliance of American Insurers is fighting passage of a law in Maryland that would bar insurance companies from amending contracts with agents in mid-term.
"Legislators should not force insurers to carry a costly or non- productive agent. This bill interferes with the free market system and encroaches on the constitutional right of freedom of contract," an Alliance spokesman testified at a public hearing on the legislation.
The proposed law mandates 60-day notices on policy cancellations and non- renewals.