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

Miss. suspends 180-day deadline on Katrina repairs

Commissioner of Insurance George Dale suspended the 180-day repair deadline provision in personal and commercial property replacement insurance policies as to Hurricane Katrina claims in Bulletin #2006-3 issued on Friday, Feb. 24. In the same bulletin the commissioner suspended the …

DFS suggests Fla. homeowners reforms

The Florida Department of Financial Services in Tallahassee has announced a new round of homeowner-friendly insurance reforms to better protect and prepare Floridians for a catastrophic event, and to help them shop for property insurance. The new reforms, initiated by …

Progressive drives into W.Va.

The Progressive Group of Insurance Companies has announced it is now offering commercial auto insurance in West Virginia. While Progressive’s commercial coverages are available directly to consumers by phone and over the Internet, the company said most consumers choose to …

W.Va. Commissioner Cline Tells Big ‘I’ about Fraud Unit’s status; group hears catastrophe tips

The Insurance Commission’s status was discussed by Commissioner Jane Cline, and J. David Daniel, a member of the Big “I” executive committee gave tips about how independent insurance agents can prepare for hurricanes and other disasters during the Professional Independent …

Property issues to dominate Florida Legislature

Measures aimed at improving the property insurance market dominated the insurance agenda as the Florida Legislature convened March 7, according to the American Insurance Associa-tion. Legislators will also debate whether to allow next year’s statutory sunset of the state’s no-fault …

S.C. Big “I” topics: Legislation, fraud

Insurance fraud and “hot topics” facing the insurance industry will be discussed by South Carolina Attorney General Henry McMaster and Director of Insurance Elanor Kitzman during the March 22 and 23 annual Spring Conference and Exhibition in Columbia, S.C. by …

Florida auto no-fault claim costs hit double-digits

Florida personal injury protection claim costs (claimed economic losses and actual claim payments) increased at double-digit rates between 2002 and 2005, far outpacing the rate of inflation, according to a new Insurance Research Council study. The average total claimed PIP …

W.Va.: $1.89M in workers’ comp claims outstanding

The West Virginia Insurance Commission released statistics indicating more than $1.89 million in workers’ compensation payments are outstanding from employers in the state. The commission mailed out notices asking 1,794 employers to pay up or face the consequences. West Virginia …

BOOKER T. WASHINGTON INSURANCE GOES INTO RECEIVERSHIP

Alabama-based Booker T. Washington Insurance Company has voluntarily submitted to being placed into receivership in Jefferson County Circuit Court, Commissioner Walter A. Bell announced. “I am pleased with the leadership of Booker T. Washington Insurance Com-pany for working with us …

NAMIC supports sunset of Fla. no-fault auto law

The National Association of Mutual Insurance Companies has announced it supports “Floridians for Lower Insurance Costs,” a coalition of concerned citizens, and opposes the reinstatement of the no-fault auto insurance law and will state its position to the Florida Legislature, …