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

Golden Rule Insurance to Use Norvax Web Tools

Golden Rule Insurance Company and Norvax Inc., a developer of Web-based sales and customer communication tools for the insurance industry, have joined forces to automate the insurance application process for brokers and customers. Golden Rule’s E-Store electronic application system and …

Calif. Considers Workers’ Comp Law That Could Penalize Insurers

Calfiornia lawmakers are consdering dozens of bills in their final two weeks of this year’s legislative session. Among the measures that advanced on Monday was SB1023, which proponents say would punish companies that deny proper payments to insured workers. If …

Commissioner Announces Ark. Insurance Day

Arkansas Insurance Commissioner Julie Benafield Bowman announced that the state’s Fifth Annual Insurance Day will take place Sept. 28-29, 2005. The commissioner said Arkansas Insurance Day is designed to expose college students to the benefits of the insurance industry, with …

SIIS to Host Insurance Media Day

Southwestern Insurance Information Service announced it is hosting an insurance media day on Sept.16, 2005, in Austin, Texas. The objective of the event will be to provide statewide journalists who cover business, insurance and public policy development an opportunity to …

La. DOI Issues Very Early Damage Estimates from Hurricane Katrina

Louisiana Commissioner of Insurance Robert Wooley said preliminary estimates by one hurricane modeling company suggests insured damages from Hurricane Katrina could reach as high as $19 billion in Louisiana alone. According to Applied Insurance Research Worldwide Corporation (AIR), total insured …

Court Permits Vt. Sugarmaker Suit Alleging Harm from Global Warming

A Sharon, Vermont maple syrup producer and a Burlington law firm have won a key initial round in a lawsuit that environmental groups say marks the first time a federal court has allowed someone to sue over alleged harm from …

Md. Lawmakers Seek Stiffer Penalties to Deter Drunk Drivers

With deaths related to drunken driving on the rise in Maryland, state lawmakers and highway safety advocates are hoping the statistics will help them pass more severe penalties next year. Fatal crashes involving drivers with blood-alcohol levels of 0.08 percent …

Florida’s DFS Sets Up Hurricane Assistance Locales

Four South Florida locations where consumer service professionals will be assisting victims of Hurricane Katrina have been announced by Tom Gallagher, Florida’s CFO. “Here in Florida thousands of Floridians experienced major flood and wind damage and we want to help …

Lloyd’s Statement on Hurricane Katrina

Lloyd’s has issued the following statement concerning Hurricane Katrina’s possible impact: “Lloyd’s expects to receive significant insurance claims as a result of Hurricane Katrina, predominantly in relation to offshore energy installations in the Gulf, property damage and business interruption. “We …

Munich Re Preliminary Estimate of Insured Loss from Katrina at $15-$20B

A Munich Re spokesman told news organizations on Tuesday that the world’s largest reinsurer’s preliminary estimates of insured losses from Hurricane Katrina would be in the $15 to $20 billion range. The estimate would put the savage category 4 storm …