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

News Currents

Wind stays in ‘wind vs. water case,’ judge says A Mississippi judge refused to throw out an engineer’s testimony that Hurricane Katrina’s winds caused much of the damage to the home of a Mississippi couple suing Nationwide Mutual Insurance Co. …

News Currents

The virtual, global economy humbles insurance leaders Insurance professionals have a lot to worry about as the fast-paced virtual economy takes hold. According to futurist Edie Weiner, they are right to be worried. She says there are a lot of …

People

Privately owned insurance and risk management firm McQueary Henry Bowles Troy LLP (MHBT), announced that Chuck Hoffmann re-joined the firm’s Dallas office as senior vice president of Personal Insurance Professionals. Hoffmann was a part of the MHBT family in the …

Donelon orders insurers to extend hurricane claims period in Louisiana

Just over a month after asking insurers in his state to voluntarily do so, Louisiana Commis-sioner of Insurance Jim Donleon issued Directive 199 mandating that all companies insuring property in Louisiana extend the period in which a policyholder can file …

Coastal communities only halfway ready for a major storm

Average insured homeowners throughout Gulf and Atlantic coastal communities have taken just half the steps which would best position them to recover from a major storm, according to a new Hurricane Readiness Index. The index is based on a survey …

IIAT honors Fitzhugh for 60 years of state conference attendance

Third-generation and longtime Waco independent insurance agent Champe Fitzhugh Jr., was honored in mid-June by his insurance profession’s state association, the Independent Insurance Agents of Texas (IIAT), for attending his 60th annual state Conference and Trade Show. The honor marks …

Gov. Bush signs Florida auto insurance fraud legislation

Florida legislation that promises to reins in auto insurance fraud was signed June 26 by Gov. Jeb Bush. Provisions of House Bill 561 and Senate Bill 1596 and the governor’s approval were applauded by Tom Gallagher, Florida CFO, who oversees …

Provisions of Florida’s anti-auto fraud legislation:

Corresponding with a 2003 law that established a two-year minimum sentence for anyone organizing or participating in an actual staged auto crash, the new legislation: • Provides for revocation of the driver’s license of anyone convicted of auto insurance fraud. …

Sen. Smith unveils ‘comprehensive plan’ to fix Florida’s insurance woes

Unless the state adopts a comprehensive and workable plan, accumulating financial stress could destroy the viability of the Florida insurance market and leave millions of Floridians without affordable and reliable insurance coverage, according to Sen. Rod Smith, of Alachua, Fla, …

People

Colemont Insurance Brokers has promoted Elizabeth Dalla-Valle assistant vice president of its Atlanta office. She has experience both as an underwriter and as a wholesaler. Dalla-Valle joined Colemont in 2001. She has more than 30 years of domestic and international …