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

Report not kind to FEMA regarding hurricane assistance

Watchdog agency finds around $1 billion was handed out improperly A report released June 14 by the U.S. Government Accountability Office (GAO) assesing the Federal Emergency Management Agency’s handling of its disaster aid process in the wake of Hurricanes Katrina …

Things that should keep you awake at night

The integration of the U.S. insurance market and global financial market will have a profound impact on business, according to Dave Zwiener, president and chief operating officer of Property and Casualty Operations for The Hartford. Evaluating the industry, Zwiener shared …

People and Places

Dallas-based Colemont Insurance Brokers – Texas announced the promotions of Su Young to assistant vice president and Amy Rosso-Leiker to the position of broker. Young joined Colemont in 2001 as a financial services broker. She specializes in directors and officers, …

Towing begins for thousands of cars flooded by Katrina and Rita

The cars, still streaked with mud from the floodwaters that covered them, many with broken windows, sprung doors and missing hoods, have mostly been removed from New Orleans streets. Now they will be removed from under the overpasses and empty …

Two legal cases in the eye of Hurricane Katrina

Say Hurricane Katrina and you immediately think of New Orleans; say Hurricane Katrina and insurance coverage, and the story is different. At the nine-month anniversary since the storm made landfall, of all the Mississippi coverage cases that have been filed, …

New officers, award presentations among highlights of IIAT conference

Hempkins named president for 2006-2007; Sanford honored with Drex Foreman Award Robert W. Hempkins, founding principal of Hempkins Insurance, Denison, was sworn in as president for 2006-2007 of the Independent Insurance Agents of Texas at the association’s 109th Annual Conference …

Risk mixing and matching with miscellaneous health care facilities

Someone once said “change is inevitable,” and in the health care arena that truism rings a bell. It wasn’t so long ago that the only place a person would go for immediate treatment was the emergency room of their local …

Insuring Indian country

Indian tribes are no longer merely casino entrepreneurs or cigarette wholesalers. In conjunction with America’s largest corporations, Indians are now engaged in real estate development, banking and finance, telecommunications, wholesale and retail trade, tourism–and consequently, insurance. Consider the following: Most …

Exemption protection

The U.S. Senate Judiciary Committee last month received testimony on whether to continue the insurance antitrust exemption contained in the 1945 McCarran-Ferguson Act. This law gave states responsibility for insurance regulation and permitted insurers to employ joint data collection, price …

Insuring Indian country

Indian tribes are no longer merely casino entrepreneurs or cigarette wholesalers. In conjunction with America’s largest corporations, Indians are now engaged in real estate development, banking and finance, telecommunications, wholesale and retail trade, tourism–and consequently, insurance. Consider the following: Most …