Monthly Archives: <span>January 2007</span>

Texas Cooperative Extension Hosts Crop, Livestock Insurance Course

The Texas Cooperative Extension will be hosting a one-day course on Feb. 26 on incorporating federal crop and livestock insurance into marketing plans. The Extension is an educational organization provided by the U.S. government, the state government through Texas A&M …

Insurer Group Applauds Report’s Call for Optional Federal Charter

The American Insurance Association (AIA) has issued a statement lauding a report released by New York City Mayor Michael Bloomberg and U.S. Sen. Charles Schumer, D-N.Y., which calls for making modernizing financial services regulation a national priority. Among the report’s …

Hawaii Commissioner Talks with Japanese, Chinese Governments

Hawaii State Insurance Commissioner J.P. Schmidt will be among the U.S. officials working with the governments of China and Japan to improve regulation in the financial services industries. According to the Hawaii Department of Commerce and Consumer Affairs, Schmidt has …

Arrowhead General Expands HO3 Property Product in Nevada

Arrowhead General Insurance Agency has expanded its HO3 property product in Nevada. There is a maximum coverage A of $750,000, and liability limits of $100,000/$300,000/$500,000. Deductibles are $250, $500 and $1,000. Endorsements include: extended replacement cost for the dwelling up …

Mich. Attorney General Urges Judge to Toss Calif. Global Warming Suit

Michigan’s attorney general has joined six automakers in asking a federal judge to dismiss a lawsuit by California that accuses them of harming human health and the environment by producing vehicles that contribute to global warming. In a friend-of-the court …

Calif. Issues Declaration of Insurance Emergency in Agricultural Freeze

A recent proclamation by California’s Insurance Commissioner Steve Poizner is allowing out-of-state insurance adjusters to be dispatched to California’s agricultural community to assist in the state of emergency resulting from January’s five days of freezing temperatures. The Commissioner said he …

Fla. Lawmakers Agree on Insurance Relief Plan; Bill Sent to Gov. Crist

Florida homeowners could see property insurance rates cut by as much as 40 percent under a plan finalized by lawmakers hoping to reverse hurricane-fueled increases many residents say have threatened to price them out of their homes. Lawmakers said the …

Feb. 12 is ‘Super’ Monday: Super Regional P/C Insurers™ to be Unveiled

As excitement over the Super Bowl builds, property casualty insurance professionals are anticipating their own “super” day: Monday, February 12. That’s the date when Insurance Journal magazine, in partnership with actuarial services firm Demotech, will unveil the industry’s first list …

Ohio Westfield Adds New Online Risk Control Tool for Businesses

Westfield Insurance has introduced a new online Risk Control Assessment to help businesses identify their risk issues. The 24-question survey, on www.WestfieldInsurance.com, is available to all visitors and provides a customized report of strengths and weaknesses, along with tangible action …

Saams Joins Southwest Risk

Texas-based Southwest Risk announced the addition of Jeff Saams to its brokerage team. Saams specializes in the placement of layered and complex property risks, with specific expertise in REO and forced placed coverages. He brings more than 30 years experience …