Mississippi Insurance Commissioner George Dale told members of the state’s House and Senate insurance committees that preliminary estimates show a $30 million government subsidy would cut commercial insurance rates by about half. “That is not written in stone yet because …
Florida’s mild climate and world-class beaches continue to draw Northern retirees seeking temporary refuge from harsh winter weather, but tourism experts say many of these snowbirds are shortening their stays. Rental rates have risen to keep up with spiraling property …
Congressional fight “This is going to be a fight. These guys have dumped a lot of money in campaigns. They dumped $27 million in the presidential race, most of it going to the winner just a couple of years ago. …
Tennessee Governor Phil Bredesen has named a Nashville attorney, Leslie Shechter Newman, as commissioner of the Department of Commerce and Insurance. She succeeds Paula Flowers, who recently resigned. Newman is a partner with Nashville’s Farmer & Luna law firm. She …
$60 billion The record estimated income after taxes for the property casualty insurers in 2006, according to the Insurance Information Institute. $8 billion The estimate of insured catastrophe losses in 2006, down from $62 billion in 2005, according to the …
Citizens Property Insurance Corp.’s board of governors voted unanimously to recommend interim President Scott Wallace be appointed to the post permanently. Wallace was selected from more than 70 candidates by a special board search committee during a teleconference meeting. Wallace, …
There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House passage of a surplus lines bill illustrated …
Insurance agents want to avoid litigation, but it is not always possible. When they become involved in litigation in federal court, it is important for agents and their attorneys to understand the new Federal Rules of Civil Procedure governing electronically …
Monoline Energy Nuts & Bolts: MarketScout, the Dallas-based eInsurance Exchange, has launched an exclusive Monoline Energy Workers’ Compensation program. The facility accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory …
Legislators rolled up their sleeves, ripped off their ties and unbuttoned their collars as a special legislative session on property insurance came to a head in Florida. After six days of conferring, negotiating and cajoling, they came to bipartisan agreement …
