September 19, 2005
Preliminary gross income losses of from $500,000 to $1.2 million have been predicted by the Vesta Insurance Group of Birmingham, Ala. for damages caused by Hurricane Katrina. Vesta’s Florida Select unit has about 3,500 in-force windstorm policies in South Florida …
September 19, 2005
Some insurance companies are suspending billings or offering grace periods for payments from Alabama customers affected by Hurricane Katrina, according to Walter Bell, Insurance Commissioner. AFLAC, Alfa, Allstate, Farmers, Nationwide and State Farm are instituting plans, and Blue Cross Blue …
September 19, 2005
David Gilbert Five Florida physicians recently received the 2005 Florida CHOICE Awards for Workers’ Compensation in Tampa, Fla. The awards honor physicians for demonstrating excellence in treating injured employees, and are presented by CHOICE Medical Management Services LLC, a Tampa, …
September 19, 2005
Two Florida lawmakers, Sen. Bill Nelson (D-Fla.) and U.S. Rep. Mark Foley (R-Fla.), have voiced support for a national catastrophe fund insurance companies would establish to provide extra funding in the event of catastrophes such as Hurricane Katrina. Nelson told …
September 19, 2005
Insurance adjusters scrambled to South Florida to work on claims before they realized Hurricane Katrina was going to cross into the Gulf of Mexico and become a catastrophic hurricane devastating Mississippi and Louisiana. Katrina slapped Dade and Broward counties with …
September 19, 2005
Concerns have been voiced by Florida’s CFO Tom Galla-gher over Nationwide of Florida’s decision not to renew policyholders in Florida. “I’m deeply concerned that Nation-wide Insurance is non-renewing over 35,000 customers in Florida,” Gallagher said in a press announcement released …
September 19, 2005
In Meridian, Miss. the power is only on in the downtown area and electricity to the rest of the community is expected to be out for one to two weeks, Scott Gray, owner of Insurance Solutions of Mississippi Inc. and …
September 19, 2005
A 12-member Task Force on Long-Term Solutions for Florida’s Hurricane Insurance Market is studying how to help Floridians obtain hurricane insurance, amid complaints that consumers don’t have a seat on the panel. The task force was ordered by the Legis-lature …
September 19, 2005
The Florida Association of Insurance Agents has announced it will study “another avenue” for covering hurricane wind damage in Florida and would like to establish its own “vehicle” to insure windstorm risk, according to a statement by Jeff Grady, FAIA …
September 19, 2005
The insurance industry has made great strides toward increasing diversity in the past decade. Although there is still room for improvement at the top, there are more doors open to Latins, people of color and women than ever before in …