Jackson-based Mississippi Farm Bureau Mutual Insurance has an-nounced that the strain of paying $450 million in claims after Hurricane Katrina has caused the company to cease writing policies in the state and transfer current policies to the Southern Farm Bureau …
A National Catastrophe Fund that would provide assistance for insurance claims in Florida has been endorsed by Tom Gallagher, Florida’s CFO. Gallagher’s recommendations came after officials, including Florida Insurance Commissioner Kevin McCarty, met in San Francisco at a National Catastrophe …
A mediation program to help condominium associations resolve disputes over hurricane claims has been suggested by Tom Gallagher, Florida CFO. He said the mediation program, established for homeowners after the 2004 storms, successfully helped more than 11,000 storm victims reach …
The Florida Department of Insurance approved an average statewide premium rate hike of 8.6 percent for State Farm of Florida, the largest insurer of homes in Florida, insuring one out of every five homes. For some South Florida residents and …
Florida has survived eight hurricanes in 15 months, but more destruction is coming, according to risk modeling companies and economists speaking at the National Catastrophe In-surance Summit in Burlingame, Calif. It’s just a matter of time, said speakers, who forecast …
A “solution” to Florida’s hurricane insurance problems, based on research and an independent actuarial analysis showing hundreds of millions of dollars in savings, has been announced by the Florida Association of Insurance Agents. The proposal would eliminate Citizens Property Insurance …
As an independent agent or agency owner, you have unique financial needs. Unfortunately, few banks truly understand those needs. Worse yet, it has become the norm for banks to also sell insurance, meaning they actually compete against you. The purpose …
Claims-made policies are policies commonly associated with professional liability policies, such as Directors & Officers, Employment Practices Liability and other miscellaneous professional liability policies, including Lawyers Professional Liability. A claims-made policy states that a claim must be made during the …
As in a marriage, if you’re in a good relationship, you never have to consider the contract. But if things go badly, words mean everything,” Greg Thompson, president of THOMCO brokerage in Kennesaw, Ga., told attendees at the fifth annual …
Clint Bothwell Clint Bothwell has been named Southeast regional president for Harleysville Insurance and will work in its new Atlanta regional office. The company also named other regional field organization leaders as it realigned the company’s existing network of field …
