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

Settlement in Katrina Lawsuit Over Damage to Miss. Rental Home

A federal trial ended abruptly Tuesday when State Farm Fire & Casualty Co. settled out of court with a couple who sued the company over Hurricane Katrina damages to a rental home they own. U.S. District Judge Peter Beer told …

N.D. Flex Rating Proposal for Auto, Homeowners Advances

The North Dakota House Industry Business and Labor Committee unanimously approved legislation this week that would implement a 5 percent flex band rating system for automobile and homeowners insurance. The bill SF 2296 would also put in place a use …

Mich. Burns & Wilcox Adds Director of Corporate Communications

Burns & Wilcox announced today that Laura Vultaggio has joined the company as director of corporate communications. Vultaggio is responsible for developing and implementing strategies for internal and external communications, including media relations, branding and executive communications. A 15-year veteran …

Non-Franchised Auto Dealer’s Physical Damage Program Launched

Memphis, Tennessee – London American Risk Specialists, Inc. and Integon Specialty, a division of GMAC Insurance, are pleased to introduce the immediate launch of a Non-Franchised Auto Dealer’s Physical Damage (DOL) Program for dealerships located in Tennessee, Arkansas, & Mississippi. …

Alabama Couple’s Burglary, Insurance Experience Spawns Business

Greg and Latasha Cain remember feeling helpless when someone broke into their Montgomery, Alabama home in 2003. The couple was even more dismayed after receiving an insurance check that was less than what they expected, the reason being the Cains …

Fla. Committee Charged with Windstorm Mitigation Publishes Report

Citing three reasons for the importance of mitigation in Florida, the Windstorm Mitigation Committee said mitigation helps reduce property losses from catastrophic storms; homeowners are less likely to be charged assessments for catastrophic damage if losses are minimized; and homes …

Tenn. Schools Learn Improved Safety and Emergency Operations

Tennessee school officials attended a free seminar at Murfreesboro’s Middle Tennessee State University to learn about best practice school safety planning and sexual abuse prevention from members of Indiana Insurance’s Safety Advantage Network. Indiana Insurance is hosting Safer Schools Seminars …

Ill. FAIR Plan Receives Nod for 7.7 Percent Rate Hike

The Illinois Division of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Property policies. The overall increase is 7.7 percent, effective March 1, 2007. The last increase in the FAIR Plan rate was approved in 2004 …

Atlantic Risk Specialists Opens Florida Branch

Atlantic Risk Specialists of New Jersey opened a Sarasota, Fla. branch office and named Jennifer L. Dumont as Senior Vice President. Responsible for the placement and negotiation of professional lines insurance, Dumont’s new role includes managing and developing carrier relationships …

Violent Weather Bypassing Texas; Drought to Linger

The drought-like weather conditions that have plagued much of the state for the past three years have had a positive effect in limiting the number of damaging hailstorms and tornadoes in Texas. Meteorologists say the lack of significant rainfall may …