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

Texas Judge’s Ruling Partially Favors Allstate and Sterling

Allstate and Sterling Autobody Centers can communicate benefits of its shops, a federal district judge in Texas has ruled. In a news release, Allstate reported that on March 9, 2006, the judge in Allstate, et al. v. Abbott, et al. …

N.Y. Groups to Study Effects of Insurers Denying Dog Owners Coverage

A New York organization for dog owners and a marketing firm that caters to the interests of dog owners have teamed up to determine whether more dogs are ending up in shelters and with animal rescue leagues due to homeowners …

Gov. Bush Recommends $565M Emergency Management Funding

Gov. Jeb Bush and Lt. Governor Toni Jennings have outlined a $565 million budget recommendation of state and federal funding for emergency management and suggested a “Culture of Preparedness,” during a meeting at the Tiger Bay Club of Central Florida …

Fla. Task Force Suggests Citizens, CAT Fund ‘Solutions’

The Task Force on Long-Term Solutions for Florida’s Insurance Market has submitted a report to Governor Jeb Bush and the Legislature detailing the devastating effects two hurricane seasons have had on consumers, the strained financial resources of the private market, …

Hearings Slated in Davie, Fla. on Two Companies Requests for Rate Hikes

The Florida Office of Insurance Regulation will conduct public hearings in Davie concerning rate filings by Liberty Mutual Fire Insurance Company and Tower Hill Select Insurance Company. Liberty Mutual is proposing a statewide average of 24.9 percent. Tower Hill has …

Fla. Scheme Misappropriated $845,000 in Boat Premiums

John Paul Castagna, 46, the owner of Castagna Specialty Risk, with offices in Deerfield Beach, Fla. has been apprehended by the Department of Financial Services Division of Insurance Fraud for allegedly stealing more than $845,000 in insurance premiums he received …

Family Insurance Kept Premiums, License Revoked

The Department of Financial Services has revoked the license of Bruce Anthony Fonte, owner of Family Insurance of West Pasco, Fla. DFS is requesting anyone who bought insurance from Fonte or Family Insurance to call its Consumer Helpline to verify …

CFO Gallagher Pushes Rate Relief Proposal in Fla. Legislature

Tom Gallagher, Florida CFO has pledged to continue his efforts to secure rate relief for Florida property owners by encouraging the Florida Legislature to refund surplus tax revenue. “I will continue to do my part to build support in the …

XL Launches Chinese Insurance Leadership Program

Bermuda’s XL Capital Ltd announced its “involvement in an executive training and development program designed to help the People’s Republic of China identify and nurture future leaders among the country’s insurance regulators and executives.” XL is the main financial sponsor …

Hurricanes Hit Catlin’s 2005 Net; Down 87% to $19.66 Million

The U.K.’s Catlin Group Limited joined other companies who fell victim to this recent fall’s hurricanes. In an announcement from its Bermuda offices Catlin said net income for 2005 dropped 87 percent to $19.662 million compared to the $154.1 million …