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

Tropical Storm Beryl Warning Continues for SE Mass.; Storm Watch Issued for Long Island

A tropical storm warning remains in effect as of 2 p.m. for southeastern Massachusetts from Plymouth to Woods Hole including Cape Cod and the islands of Nantucket and Martha’s Vineyard. The National Hurricane Center said rains from Tropical Storm Beryl …

Fla. Office of Insurance Regulation Implements New Format for Public Hearings

A new format for public hearings and plans to broadcast future hearings on cable television has been announced by Kevin McCarty, Florida Insurance Commissioner. There will be a public hearing in Tallahassee, Fla. Aug. 3 at 1 p.m. during which …

State Legislators Eye Market Conduct, Building Codes, Federal Charter

State legislators who deal with insurance issues in their legislatures back home are expected to discuss amendments to their market conduct model law as well as state building codes during their summer meeting that runs today through Sunday in Boston. …

Former W.Va. Agent Sentenced for Embezzlement

Shawn Edwin Linger, a former insurance agent in Clarksburg, W.Va. has been sentenced to one felony count of embezzlement according to Insurance Commissioner, Jane L. Cline. Linger was sentenced July 6 to one to 10 years in prison; however, the …

CFO Candidate: Fla. State Needs More Public Input in Premium Hikes, Not Less

Florida regulators aren’t getting enough input from the public before approving property insurance rate increases, state chief financial officer candidate Randy Johnson said Tuesday. Johnson, a Republican state representative from Celebration, Fla. has made the high cost and difficulty in …

State Farm to Boost Property Insurance Rates More Than 50 Percent

State Farm, one of Florida’s largest insurers, will raise property insurance rates by an average of 52.7 percent this year under a plan approved Tuesday by state regulators. The Bloomington, Ill.-based company said that the higher premiums will allow it …

First Katrina Insurance Trial Set for Closing Arguments

A federal judge heard closing arguments Wednesday in the first courtroom challenge of the insurance industry’s denial of billions of dollars of homeowners’ claims after Hurricane Katrina. U.S. District Judge L.T. Senter, Jr., who heard seven days of testimony without …

Ohio Governor Signs Farm Mutual Modernization Law

Ohio Gov. Bob Taft recently signed legislation which includes provisions benefiting farm mutual insurance companies and their policyholders, according to the National Association of Mutual Insurance Companies’ (NAMIC) written statement. House Bill 442, introduced by State Rep. Matthew J. Dolan, …

Emergency Meeting to Discuss Citizens’ Builder’s Risk Coverage in Fla.

The board chairman of Citizens Property Insurance Corp. has called an emergency meeting of the board of governors in Tallahassee, Fla. Friday July 21 to discuss the dwindling builder’s risk insurance market. Citizens carries about 6,000 of the policies that …

N.H. Number One Workers’ Comp Program Upgrades to Real Time

The Professional Insurance Agents of New Hampshire Inc.’s NumberOne Comp Program, which offers a variety of monoline workers’ compensation market options to association members, has been upgraded to provide insurance agents with real-time service and new policy delivery services. The …