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

Florida report finds small, new firms and construction gaps in workers’ comp availability

The Florida workers’ compensation market is in good shape, although some small firms may be having difficulty obtaining coverage. An analysis by Insurance Commissioner Kevin McCarty’s office shows the state’s workers’ compensation market is competitive compared to the country’s five …

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 …

Florida medical malpractice market marked by low profitability

Stacked up against the country’s other five most populous states, Florida’s medical malpractice market ranks fourth lowest in overall profitability. On the flip side of the coin, Florida ranks fourth highest among the compared states in two categories: losses to …

S.C. drivers face higher limits in new year

The new year will force about a third of South Carolina’s drivers to dig deeper into their wallets to pay for auto insurance. A little-debated change in state law requires drivers to buy minimum liability coverage of $25,000 for a …

S.C. DRIVES HIGHER LIMITS

2007 MEETINGS DIRECTORY From South to North and beyond FLA. COMP MARKET GAPS Small firms, contractors left out

Business Moves

AssuranceAmerica Corp. AssuranceAmerica Corp., an Atlanta-based insurance holding company, has written its first auto insurance policy in Louisiana. The company now writes in six states including Georgia, Florida, South Carolina, Alabama and Texas and has plans to expand to additional …

People

Zurich Financial Services Group has appointed Maine Insurance Superintendent Alessandro A. Iuppa as head of Government and Industry Affairs for General Insurance, and as chief government affairs officer, North America. Both appointments are effective Jan. 15, 2007. Based in Washington, …

New Markets

Professional Liability Beauticians Nuts & Bolts: All policies are packaged premises and professional. $3million aggregate is available. Program is self-rating. Dollars: $100,000 to $3 million. Carrier: Lloyds of London, rated “A” XV by A. M. Best. Non-admitted. States: All. Contact: …

Tenn. report highlights cost of defending medical malpractice claims

Most medical malpractice claims closed in Tennessee result in no payment of damages to patients and their families, according to a recent report. However, the approximately 16 percent of claims that were paid accounted for more than $119 million in …

Miss. AG’s Katrina case moved to state court

A federal judge agreed to transfer Mississippi Attorney General Jim Hood’s lawsuit against insurance companies over Hurricane Katrina damages from federal to state court. U.S. District Judge L.T. Senter Jr. ruled that Hood’s lawsuit belongs in state court because interpreting …