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

Miss. recovery impeded by business insurance hikes

Hurricane Katrina only damaged the eaves of Morris Strickland’s shopping center a few miles from the Ocean Springs, Mississippi beach. The damage cost less than $2,000, and stores leasing space in Eagle Plaza quickly reopened. Yet even a relatively small …

Fla. special session will tackle insurance, vows incoming Gov. Crist

Florida’s Gov.-elect Charlie Crist expressed confidence recently that lawmakers would be productive in a special session to address the state’s property insurance problem. He said he favors some of the goals in a bill prepared by Gov. Jeb Bush, including …

People and Places

The van Aartrijk Group LLC, a Washington, D.C.-area marketing and communications firm, is augmenting its branding and public affairs capabilities with the promotion of one executive and addition of another, according to Peter van Aartrijk, chief executive officer. Maureen P. …

Keeping the faith

Santa is in the malls, families are stringing lights across the fronts of their houses and placing menorahs in windows, and the music of various faiths can be heard on radio stations. The holidays — from Christmas to Hannukah to …

St. George, Utah, tanked most secure place to live

St. George, Utah, is the most secure place in the nation to live, according to the third annual “Most Secure U.S. Places to Live” rankings from Los Angeles-based Farmers Insurance Group of Companies. The rankings, compiled by www.bestplaces.net, evaluated communities …

It Figures

$46 Million Run rate savings Safeco said it put into paying additional agent commissions because it believed its commission program wasn’t competitive with other carriers. Safeco said because of its commission changes, it has some improvement in renewal retention. 19 …

Declarations

Award not warranted “Awarding workers’ compensation death benefits to an estate conflicts with the underlying policy of the workers’ compensation scheme, which is to provide financial support to a worker and a worker’s dependents when the worker suffers job-related injury …

Safeco lists on NYSE, hopes to grow by improving agent incentives

Seattle-based Safeco said it is expecting independent agents, in part, will help the company grow organically and provide predictable returns for investors. In a question and answer session following its listing on the New York Stock Exchange, Safeco’s CEO Paula …

Number of western businesses buying property terrorism coverage increases dramatically

Nearly six in 10 large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2005, an increase from the 2003 average of 27 percent and up from 50 percent in 2004. A report from insurance firm Marsh …

National company dumps jockey insurance in Montana

A national company that arranged insurance for race jockeys in Montana this year has dropped all four of the state’s race tracks for 2007, leaving the tracks scrambling to find another insurance provider. The Montana tracks were among 19 tracks …