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

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 …

Editor’s Note: 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 …

The Institute for Business and Home Safety has received bids to house a new $20 million laboratory that would allow researchers to test how the code and building products resist the effects of a hurricane – without waiting for a …

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Risk Management Solutions has withdrawn a short-term, five-year hurricane forecasting model submitted for approval to Florida officials after being told the model did not meet required standards.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 …

N.C. department declines to probe malpractice rates

The North Carolina Insurance Department said it won’t further investigate the state’s largest medical malpractice insurer, saying it disagrees with a trial lawyers’ association report accusing the company of excessive physician rates. The department said it reviewed data prepared for …

One study found that homes built under the 2002 code sustained less damage on average than homes built between 1994 and 2001. Homes built before 1994 also fared worse than those built after that year.

News Currents

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 …

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 …

FORECASTERS AGREE

S.C. COASTAL PLAN Discounts, tax breaks promised MAKE TRIA PERMANENT Argues U.S. Sen. Dodd

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. …