Monthly Archives: <span>January 2006</span>

GA. BIG ‘I’ ESTABLISHES SCHOLARSHIP FUND

Establishment of a past president’s scholarship fund, to be awarded to the children of member agent’s employees, has been announced by the Inde-pendent Insurance Agents of Georgia according to David F. Lewis, IIAG president. The group plans a comprehensive member …

MISS. COMMISSIONER ANNOUNCES NEW MEDIATION PROGRAM

A mediation program for homeowners battling insurance companies in the wake of Hurricane Katrina has been unveiled by George Dale, Mississippi Insurance Commissioner. Dale’s staff researched Florida’s program for months, and a spokesperson told the Jackson Clarion-Ledger it hopes to …

SOUTHEAST AIA TO WATCH FLA., ALA. AND MISS. LEGISLATION

Managing the aftermath of the 2005 hurricanes from a legislative standpoint in Florida, Alabama and Mississippi will be the American Insurance Association’s biggest goal in 2006. “Managing the aftermath successfully includes minimizing onerous insurance legislation and regulation and keeping the …

PIA of Fla.: Citizens will be ‘Biggest challenge of 2006’

“There is little doubt Citizens will again be the focus of the Florida Legislature,” O’Connell said. “Many of the changes mandated by the 2005 legislature were barely in place before the 2005 hurricane season hit us head-on so it’s difficult …

FLA. SUNCOAST CHAPTER OF CPCU TO EMPHASIZE CE, SPEAKERS

Increasing participation in continuing education events and presenting interesting monthly events are the 2006 goals of the Florida Suncoast Chapter of the Chartered Property and Casualty Underwriters, according to Susan Granata, president. At the Jan. 9 meeting, Bill Perkins, a …

Caught in the middle

State legislatures are meeting, or will soon meet in most southeastern states to consider insurance proposals, many of which attempt to regulate the industry and prepare for the 2006 hurricane season. Associations in southeast states told Insurance Journal their utmost …

Regulatory modernization tops industry’s legislative agenda for 2006

With the extension of the Terrorism Risk Insurance Act, passage of federal class action and crop insurance reform, enactment of asbestos reform in several states and some changes in state laws on pricing, property/casualty industry trade groups made political progress …

Why independent agents like backyard brokers

In today’s business world, it’s rare to hear a live voice on the other end of a phone call. Most companies, small and large, have succumbed to answering customer calls via electronic means. Customers, frustrated and confused, press one, two, …

New entrants join race for surplus lines share

XL, Rockhill and GMAC RE jockey for market share with established surplus lines writers Katrina-sized catastrophes put added pressure on admitted carriers, which increases the demand for greater capacity in excess and surplus lines. When the need is big enough …

Seven ways to benefit by trading with other agents

Some days it seems that you are in battle with every person who sells property casualty insurance. It’s easy to view other local independent and exclusive agents as the enemy. This assessment is understandable, but it’s also counterproductive. That’s because …