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

IIA of Georgia Members Donate to Hurricane Katrina Relief

The Independent Insurance Agents of Georgia has contributed $3,000 to its sister associations in the states damaged by Hurricane Katrina. “We mailed the checks the Tuesday after Labor Day. We also appealed to our members to contribute directly and many …

Bates Promoted to Assistant Vice President at McFall General

McFall General Agency Inc., Pacific Northwest General Agency announced that Dyan Bates has been promoted to assistant vice president, manager of Commercial Transportation and Garage Department effective Sept. 7, 2005. McFall General’s Transportation & Garage Department underwrites commercial Transportation risk …

Santa Rosa State Fund Office Raises $5K for Katrina Victims

State Compensation Insurance Fund’s Santa Rosa District Office has contributed approximately $5,300 to the Hurricane Katrina relief effort. The office’s Hurricane Katrina contribution is just one of many community fund drives employees have undertaken through an ongoing community services program …

Carey Promoted to VP/Manager at Western Security Surplus

Richard L. Polizzi, president of Western Security Surplus Insurance Brokers Inc. announced that Barbara Carey has been promoted to vice president/manager of the Roseville office effective immediately. According to Polizzi, “This is a well deserved promotion for Barbara. She has …

AIG: Q3 CAT Losses Expected to be About $1.1B After-Tax

American International Group Inc. has issued an initial estimate of its total expected losses relating to third quarter catastrophe events, principally Hurricane Katrina, totaling approximately $1.1 billion after-tax. AIG estimates that its total after-tax insurance related losses, net of reinsurance …

FEMA Tightens Policy on Flood Safety

A new federal policy outlined a week before Hurricane Katrina struck could force residents in hundreds of communities nationwide to buy flood insurance and halt construction in some low-lying areas, including parts of California’s Central Valley. Any flood plain protected …

TMLT to Reduce Rates 5%

Texas Medical Liability Trust announced that effective Jan. 1, 2006, it will reduce medical liability rates for new policyholders by 5 percent across the board. Current TMLT policyholders will receive this rate decrease when their policy renews. TMLT has reduced …

TDI Issues Reminder to Report Fraud

The Texas Department of Insurance issued a reminder to insurance professionals in Texas that they have a duty to report insurance fraud. TDI’s bulletin stated: “Important and significant changes regarding the duty to report fraudulent insurance acts in the state …

Indiana Agent Named to “Big I” Executive Committee

Indiana insurance agent J. Michael Miley has been elected to the Executive Committee of the Independent Insurance Agents & Brokers of America (the Big “I”). Miley, an account executive with Gibson Insurance Group in Plymouth, Ind., began working with the …

Hurricane Rita, Packs 100 mph Winds, Passes Key West; Forecasters Predict Texas Track

Preliminary reports suggest only moderate damage occurred as Hurricane Rita threaded the needle between the Florida Keys and the northern coast of Cuba Tuesday afternoon flooding roads and beaches with seawater. As Rita’s 100 mph winds whipped past Key West …