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

New Markets

Real Estate Agents and Brokers E&O Nuts & Bolts: London American Professional Liability LLC a program administrator and MGA, introduced a new program for real estate agents and brokers errors and omissions. The program is being offered in most states …

Fraud Roundup

Arsonists ‘light up’ in pool of gasoline Musa Shteiwi and his son Essa had a clear criminal vision for their Steak Thyme Subs eatery. According to the Coalition Against Insurance Fraud, they wanted to torch the West Chester, Ohio, food …

La. judge: Insurers liable for water

Even though a homeowner’s insurance policy said floods were not covered, leaving that statement out of the application left the company liable for damages to a house destroyed by Hurricane Rita’s winds and floods, a judge in New Iberia, La., …

28.5 million holiday party hosts likely underinsured, study says

Most of the 28.5 million Americans hosting parties between Thanksgiving and the Super Bowl are underinsured, according to a new study by Trusted Choice. Of those 28.5 million party hosts, 21.3 million do not have a personal umbrella insurance policy, …

Credit scoring an issue in 2007

Even though 2006 is safely behind us, some sticky issues are on the horizon as we edge our way into 2007. Case in point is the pending Supreme Court cases of Safeco v. Burr and GEICO v. Edo. The cases …

Warm winter helps Georgia lower fire death

Georgia could see fewer than 100 fire deaths this year — the lowest toll in nearly a decade, thanks to warm weather, according to the Insurance and Safety Fire Commissioner’s Office. “Most of our fatal fires do occur with people …

Miss. vows insurance consumers’ bill of rights

Mississippi Insurance Commissioner George Dale says he is working on a bill of rights for consumers, patterned after similar programs in Maryland and Florida. Dale said no legislative action is required. He said a public hearing would be needed before …

Declarations

Insanity “You only have to look at 300 miles of Katrina and Rita wasteland to see that bankrolling federal flood insurance in high-risk areas is just asking the American taxpayer to flush money down the toilet. If people want to …

Tornadoes deliver Christmas disaster for Floridians

Four Christmas Day tornadoes damaged hundreds of Florida homes, with one flipping airplanes at a flight school and tearing the roofs off three apartment buildings, according to officials. Gov. Jeb Bush declared a state of emergency in Columbia, Pasco, Lake …

It Figures

20% The premium refund that The Medical Assurance Company of Mississippi is giving to its physician customers. According to Michael D. Houpt, MACM president, the malpractice insurance refund has been made possible almost entirely as a result of the significant …