Monthly Archives: <span>March 2005</span>

TOWN HALL MEETINGS PLANNED

Homeowners with unresolved hurricane damage claims will have a chance this month to discuss their concerns in town hall meetings hosted by Tom Gallagher, Florida’s CEO in hurricane-ravaged areas. The first meeting was tentatively scheduled in Pensacola March 2. Gallagher …

91 COMPANIES FINED $1.1 MILLION

Fines totaling more than $1.1 million have been levied by the Florida Insur-ance Commission against 91 insurance companies that didn’t file affidavits in a timely fashion to comply with state law requiring them to quickly settle hurricane claims. The claim …

ATLANTA M&A WORKSHOPS SLATED MAY 1-3

Mergers & Acquisitions: A Workshop for Insurance Agents and Bank Executives has been scheduled for May 1 to 3 in Atlanta by the Council of Insurance Agents and Brokers, the American Bankers Insurance Association and Regan Consulting, an Atlanta-based financial …

ASSURANT SOLUTIONS WINS MULTIMILLION-DOLLAR VERDICT

Assurant Solutions, an Atlanta-based provider of specialty insurance, extended service contracts and other risk management solutions, announced that a Tennessee state court jury has awarded its companies damages in a contract dispute with Progeny Marketing Innovations, a wholly owned subsidiary …

PIA OF GA. ISSUES LEGISLATION ‘WATCH LIST’

The Professional Insurance Agents of Georgia has issued a legislative watch list detailing which bills are of interest to the insurance industry. Civil justice reform and medical malpractice insurance continue to capture a large portion of media headlines and public …

Talk to and Support Your Legislators

I recently attended the Professional Insurance Agents of Florida’s “Legislative Day 2005” in Tallahassee, and March 17 I’ll attend the Alabama Independent Insurance Agent’s 18th Annual Legislative Conference in Birmingham. I learned a lot at PIA of Florida’s event, as …

Ethics in the Age of Spitzer

You’ve read the papers and articles about New York Attorney General Eliot Spitzer’s investigation. How do you feel about the specific allegations and facts that have been revealed? If you’ve read them carefully, you probably feel sick about them. This …

Indiana Bill Gets Tough on Insurance Fraud, Passes House 95-1

The Indiana House of Representatives voted 95-1 last month in support of a bill that would toughen penalties against insurance fraud in an attempt to provide prosecutors with a greater incentive to pursue such crimes. While no data exists to …

As Michigan Agents Gather, Industry Finds Itself in Crosshairs

The vote by the Michigan Legislature’s Joint Committee on Administrative Rules to file a notice of objection to Democratic Gov. Jennifer Granholm’s rule banning the use of credit scores in underwriting was perhaps symbolic of where the Wolverine State’s insurance …

Universal Excess

Nuts & Bolts: Hartford Financial Services Group Inc. introduced Universal Excess, a new excess insurance policy that fits firmly over directors and officers, fiduciary, employment practice, miscellaneous professional and tech errors and omissions products issued by any insurer. Universal Excess …