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

My New Markets

Community Associations Nuts & Bolts: Apogee Insurance Group is offering a new program for eligible classes for this product that includes homeowners, town homes and condominium associations, planned unit developments, mobile home parks, office parks and cooperatives. EPLI is included …

Richardson has high hopes for S.C. omnibus coastal legislation

Insureds would receive premium discounts for storm mitigation efforts and be able to establish tax-free personal catastrophe savings accounts while insurers would receive tax breaks for writing coastal properties under omnibus coastal insurance legislation taking shape in South Carolina. The …

Storm-tested, researched Fla. building codes remain a work in progress

When Category 5 Hurricane Andrew damaged or destroyed more than 125,000 Florida homes and left about 250,000 people homeless in south Miami-Dade County, the destruction was born from a mix of 165 mph winds, outdated building codes, shoddy construction and …

From Cuba to Capitol Hill

Not your typical agent: Big “I” President and Miami independent agent Alex Soto in a one-on-one interview Alex Soto, president of the large InSource agency in Miami, and president of the Independent Insurance Agents & Brokers of America, is not …

People and Places

Chicago-based Aon Corp. reported that David P. Bolger, executive vice president, chief financial officer and chief administrative officer, will leave the company after the appointment of his successor. Bolger will remain with Aon while a search for his successor is …

RMS withdraws 5-year hurricane model from Fla.

Risk Management Solutions has withdrawn a short-term, five-year hurricane forecasting model submitted for approval to Florida officials after being told the model did not meet required standards. Mitch Sattler, RMS vice president, said representatives of the Florida Commission on Hurricane …

Hurricane forecasters agree: busy season ahead

Weather forecasters differ somewhat in their methodologies and numbers but appear to agree on one matter: the 2007 hurricane season looks to be a busy one along the Atlantic and Gulf coasts. They predict that anywhere from seven to 10 …

Repeat performance

The results are in and they bear repeating and repeating and repeating. Three-quarters of consumers are very satisfied with the service provided by their insurance agents and remain committed to working with them in the future, according to a new …

Why the United States must make TRIA permanent

It is important to take a moment to talk about the importance of the Terrorism Risk Insurance Act and why I believe we must act again to establish a more permanent federal initiative to provide coverage from potential terrorist attacks. …

BOP evolution warrants a second look

Do you think of business owners policies (BOPs) as low-premium accounts that won’t make any money, are too labor intensive, or are more trouble than they’re worth? Don’t be so quick to judge. This line of coverage is evolving so …