February 21, 2006
A week after beginning deliberations in Rhode Island’s landmark lawsuit against former makers of lead paint and pigment, jurors have still not reached a verdict. The jury met for about four hours Monday afternoon before being sent home for the …
February 21, 2006
Combined Agents of America, LLC (CAA), based in Austin, Texas, announced it achieved over $326 million in combined property and casualty premiums for 2005 when the board of members recently convened. The 33 member agencies gathered February 8-9 at the …
February 21, 2006
Oklahoma County District Judge Susan Caswell formally sentenced former Oklahoma Insurance Commissioner Carroll Fisher to three consecutive years imprisonment and ordered him to pay a $20,000 fine, Attorney General Drew Edmondson said. Fisher, 66, was convicted Feb. 8 of embezzlement …
February 21, 2006
Louisiana Gov. Kathleen Blanco recently outlined a $7.5 billion draft proposal for housing assistance for underinsured and uninsured homeowners. According to the Associated Press, among the key points are: –The plan hinges on $4.2 billion in federal aid that Congress …
February 21, 2006
Insurance companies have until May to decide whether to hike their homeowners rates 15 percent in Louisiana, to make up for losses caused by Hurricanes Katrina and Rita. The firms must pay 15 percent of their 2004 earnings to the …
February 21, 2006
League City, Texas-based MaximGroup announced it is celebrating 75 successful years in the insurance business. Walter Hall started the agency in 1931 as Hall’s Insurance Agency. His first large account was the League City School District. In 1965, Charles Hall …
February 21, 2006
Mid-Continent General Agency is expanding its medical professional and general liability insurance program for small hospitals to all 50 states. Hospitals with under 100 staffed beds are eligible, as well as critical access, rural/community and certain specialty hospitals. The program …
February 21, 2006
Local governments in Mississippi requesting federal funding for debris removal on private property have until Feb. 28, 2006, to collect signed Right of Entry (ROE) requests from residential property owners. The date coincides with the last day state agencies, local …
February 21, 2006
Safeco has announced that Tim Mikolajewski will be senior vice president of Safeco Surety. Mikolajewski has been with Safeco Surety since 1984 and has held several management positions, including vice president of Contract Surety for the past eight years. He …
February 21, 2006
Issues relating to taxation are the biggest cause of Warranty and Indemnity (W&I) claims in the UK according to latest research from Aon Limited. The firm analysed the W&I deals underwritten between 1990 to 2002, a period of high levels …