New insurer caters PUREly to Florida’s wealthiest residents Florida’s wealthy residents have a new personal lines insurer promising to save them money on premiums. The company will sell property/casualty insurance for high value homes, cars, jewelry, art, and personal excess …
Mississippi freethinker “I have been a freethinker for a long time. I haven’t a clue why they did this.” Mississippi Insurance Commissioner George Dale, who has run as a Democrat eight times in his political career, but who this year …
$47.5 million The total damages ordered to be paid by Merck & Co. after an Atlantic City, N.J., jury found its painkiller Vioxx contributed to an Idaho postal worker’s heart attack, reversing the verdict in the man’s first trial. It …
Mississippi lawmakers have agreed upon a plan to use $20 million in premium taxes on policies statewide to help lower premiums for property owners in high-risk areas who are insured by the wind pool. The plan hashed out between the …
The federal Environmental Protection Agency has approved more flexible rules that will mean about 1,200 hurricane-damaged homes in south Mississippi can be torn down. The EPA’s No Action Assurance program runs until Sept. 30 for houses in Hancock, Harrison, Jackson …
The McCarran-Ferguson Act enacted in 1945 provides for the continued regulation of insurance by the states and a narrow exemption from the general federal antitrust laws. The exemption is limited to activities that constitute the “business of insurance,” are “regulated …
Markel, Black/White Associates Markel Insurance Co. has agreed to acquire the social services program business of Black/White & Associates Insurance Brokers. The transaction is scheduled to close on April 1, 2007. Black/White’s Alameda, Calif., location will become a Markel underwriting …
Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary. Carrier: …
Jane L. Cline was first appointed West Virginia Insurance Commissioner in January 2001 and reappointed by current Gov. Joe Manchin. In addition to her responsibilities as Insurance Commissioner, Cline serves as Secretary-Treasurer of the National Association of Insurance Commissioners, as …
Restoration work continues after Florida tornadoes With the final death toll standing at 20, the tornadoes that slammed central Florida on Feb. 2 have been dubbed “Ground-Hog Day Tornadoes” by The Florida State Emergency Response Team. The groundhogs in Sumter, …
