Monthly Archives: <span>November 2004</span>

N.C. RESIDENTS RECEIVE MORE THAN $8.5 MILLION IN DISASTER AID:

Officials of the Department of Homeland Security’s Federal Emergency Management Agency (FEMA) and the North Carolina Department of Crime Control and Public Safety’s Division of Emergency Management (CCPS-DEM) report that $8,567,652 has been disbursed in aid to victims of Hurricane …

FLA. CONTRACTORS MUST MEET WORKERS’ COMP REQUIREMENTS:

In response to reportedly hundreds of calls from homeowners and construction contractors, both in and out-of-state, concerned about Florida requirements for workers’ compensation insurance coverage, the Florida Department of Financial Services has reiterated the responsibilities of contractors under state law. …

ST. PAUL TRAVELERS RETURNS TO MISS.:

Travelers–the nation’s second-largest commercial insurance company–have told him they are returning to Mississippi. “Those who said tort reform would do no good were wrong,” Dale said. “I was one of the first who advocated that some form of civil justice …

FLA. OKS CLAIM PROCESSING DEADLINE:

Gov. Jeb Bush and members of the Florida Cabinet today OK’d an emergency rule that sets deadlines for insurance companies to assess, process and settle insurance claims. “Firm deadlines will give thousands of Floridians peace of mind in getting their …

ASCnet Conferees Hear How to Manage a Profitable Business

The latest technologies to allow independent agents and brokers to efficiently manage and ensure a profitable business were presented to more than 1,800 conferees attending the Applied Systems Client Network’s (ASCnet) Annual Technology, Education and Networking Conference in Lake Buena …

NAMIC Applauds SC Governor’s ‘Contract For Change’

South Carolina Gov. Mark Sanford received accolades from The National Association of Mutual Insurance Companies (NAMIC) in Indianapolis, Ind., on his five-point “Contract for Change” initiative for South Carolina, and especially his plan to create a more equitable civil justice …

Big ‘I’ Panelists Concerned About Terrorism, Asbestos, Tort Reform

Terrorism, asbestos and tort reform will be key industry concerns according to five insurance company CEOs participating in a panel discussion during last month’s Independent Insurance Agents & Brokers of America (IIABA) convention in Orlando. IIABA CEO and Moderator Bob …

Agents Watching Spitzer Broker Fraud Charges Closely

New York Attorney General Eliot Spitzer’s filing on Oct. 14 of charges against giant insurance broker Marsh for alleged commercial account steering and bid rigging has already had significant impact on Marsh and is expected to reach into the insurance …

NAIC Conference Call Places State Insurance Investigations on Hold

State insurance commissioners in the southeast and across the United States consulted in a conference call the week after New York Attorney Gen-eral Eliot Spitzer made allegations of rigged bids and price-fixing among commercial brokers and insurance companies. During the …

Spitzer Effect Could Backfire

Hurricanes, tornadoes, floods caused a tumultuous summer and shaky fall for the insurance industry, but no one could have predicted the results of Eliot Spitzer’s investigations in New York, which now threaten to spill over into other states. During a …