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

Study: St. George, Utah Ranked Most Secure Place To Live

According to the third annual “Most Secure U.S. Places to Live” rankings from Farmers Insurance Group of Companies, the most secure location to live in the United States is St. George, Utah. The rankings, compiled by database experts at www.bestplaces.net, …

Hull & Co. Newport Beach Offers Program for Residential Remodelers

Hull and Co. Inc./Newport Beach’s Contract Division is offering a new program for residential remodelers, including those that build room additions or patios. Coverage is being offered in California by a nonadmitted carrier rated “A” VIII by A.M. Best. Eligibility …

Hubacek Named Member Services Ambassador for IIAT

The Independent Insurance Agents of Texas has appointed P. Scott Hubacek to the newly created position of IIAT Member Services Ambassador. Hubacek will be responsible for recruiting new members and for helping new and existing members increase use of programs …

Republic Group Stockholders Approve Acquisition by Delek Capital

Dallas-based Republic Companies Group Inc.’s stockholders approved the previously-announced merger agreement providing for the merger of Republic and a wholly-owned subsidiary of Delek Capital Ltd., Republic announced. Delek Capital is a majority-owned subsidiary of Delek Group Ltd. All governmental and …

Fitch Says Coastal Commercial Real Estate Values May Suffer

Despite the light 2006 hurricane season U.S. commercial real estate values in coastal areas still may suffer as insurance companies continue to minimize their exposure windstorm insurance coverage, according to a special report by Fitch Ratings. Fitch noted that as …

RMS Report Predicts Increasing Flood Risk in New Orleans

Risk Management Solutions released a report on the future flood risk faced by the city of New Orleans due to hurricane storm surges, concluding the threat of flooding continues to increase due to a combination of factors. The company said …

Mo. Department Issues Advice for Residents Recovering from Storms

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) has issued a notice to residents in several communities throughout Missouri that were impacted by last week’s heavy precipitation, high winds and ice. The DIFP offers these insurance tips …

Mo. Man Convicted of Medicare Scam Denies Role in Blaze That Kills 10

The owner of the southwest Missouri group home for the mentally ill destroyed in a fatal fire last week says he has nothing to hide, despite questions about his role in the facility and what started the blaze. In what …

Travelers Expands Monoline Commercial Auto Insurance Offerings

Travelers is now making available commercial auto coverage for small to mid-sized businesses on a monoline basis through its Select Accounts, Commercial Accounts and Construction divisions. This expanded monoline auto program provides a high-liability commercial auto policy on a stand-alone …

Two-County Sweep in N.C. Yields 10 Arrests for Insurance Fraud

In what officials describe as the largest auto insurance fraud ring in North Carolina history, 10 residents of Cleveland and Rutherford Counties are accused of defrauding insurance companies of an estimated $1 million. Arrested by Department of Insurance investigators, the …