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

Atlantic Beach, S.C. Works Out Payment Plan to Keep its Coverage

Atlantic Beach, S.C. officials say the town has worked out a payment plan with the state to keep insurance on police cars, town hall and other property. The town owed almost $9,000 in premiums to the South Carolina Insurance Reserve …

Happy Valentine’s Day Survey for U.K.’s Over 50’s

A recent study by RIAS, a U.K. carrier that specializes in providing insurance products for the over 50s age group, shows that love at first sight isn’t confined to teenagers and 20-somethings.The survey found that “people in their 50s are …

Travelers’ Foundations Provide $15 Million to Community Organizations

Minnesota-based St. Paul Travelers and its two private foundations, St. Paul Travelers Foundation and St. Paul Travelers Connecticut Foundation, contributed more than $15 million in a total of of 418 grants to organizations that support community development, education, and arts …

Case Study Describes Prepaid Card Use After Hurricanes

A disaster relief case study covering the history and challenges of delivering financial assistance during catastrophes will be presented by Midhael Brackney of the American Red Cross and Gregory Kerwin with JPMorgan Chase during the Feb. 15-17, 2006 Prepaid Card …

Fla. Insurance Scam Victims to Receive $2.9 Million in Restitution

Two businessmen have been ordered to pay more than $2.9 million in consumer restitution to Floridians as part of their criminal sentences for their roles in an insurance scam, according to Florida Attorney General Charlie Crist. William Paul Crouse and …

A.M. Best: P/C Industry Reports Underwriting Loss

Driven by the largest natural catastrophe in U.S. history, Hurricane Katrina, the U.S. property/casualty industry’s underwriting loss was $2.8 billion for the first nine months of 2005, reversing the $3.4 billion underwriting gain reported during the same period of 2004, …

Ariz. Senate Considering Law to Protect Consumers’ Information

Members of the Arizona Senate are considering a bill designed to safeguard the personal information of Arizona residents. SB 1338, authored by Sen. John Huppenthal, R-HD 20, requires businesses to notify their customers if data containing clients’ personal information is …

Al RiskSM Unveils Special Events Liability Insurance with AD&D Coverage

The AI RiskSM Specialist Insurance Inc., a member company of American International Group, Inc. (AIG), has introduced a Special Events Liability Insurance Program that provides both general liability and accidental death and dismemberment (AD&D) insurance. The new program’s AD&D insurance …

Phony Fla. Katrina Web Site Operator Fined, Barred From Using Sites

A civil lawsuit filed against a Nassau County, Fla. man for unlawfully soliciting relief donations intended for Hurricane Katrina victims has been successfully concluded by Florida Attorney General Charlie Crist. Robert Moneyhan must pay $10,000 for the state’s costs of …

Washington Employer Sentenced for Failing to Pay Workers’ Comp Premiums

Failing to have a workers’ compensation account and pay premiums has landed an Oak Harbor, Wash., employer in jail. Mark Dahl, sole owner of Catalina Marine Services Inc., pleaded guilty to a Class C Felony in January. On Feb. 3, …