Monthly Archives: <span>June 2008</span>

Federal Judge: Mississippi AG Hood Conspired with Scruggs

Mississippi Attorney General Jim Hood wrongly conspired with prominent trial attorney Richard “Dickie” Scruggs to skirt a court order in a case involving Hurricane Katrina insurance claims, a federal judge ruled. Referring to Hood as a “so-called law enforcement officer,” …

Alabama Insurance Agent in Runoff for Congressional Seat

Huntsville, Ala. insurance executive Wayne Parker and Huntsville attorney Cheryl Baswell Guthrie will be in a runoff for the Republican nomination for the 5th Congressional District seat. Parker nearly won without a runoff but didn’t quite reach 50 percent of …

It’s Official: Conference Nixed at West Virginia’s Greenbrier

A labor dispute has cost The Greenbrier a conference that’s been held annually at the four-star resort in West Virginia for more than 90 years. The Council of Insurance Agents and Brokers announced June 2 that it canceled its fall …

North Carolina Wildfire Could Burn for Months

Fire officials warned people living near a massive wildfire at a federal wildlife refuge in eastern North Carolina that the blaze could smolder for months in the peat-filled soil. The fire burned about 30,000 acres in and around the Pocosin …

Declarations

Asbestos Ruling “We hold that the Act cannot constitutionally be so applied and return the cases to the trial court for consistent proceedings.” —The Florida Fourth District Court of Appeal ruled, stating that the Florida Asbestos and Silica Compensation Fairness …

Why Regional Insurers Rate

Regional and Specialty Carriers Are Critically Important Carriers in the Marketplace This year, 2008 marks the second year that Demotech, Inc., as Insurance Journal‘s Official Research Partner, has published our Company Classification System, including the list of Super Regional Property/Casulaty …

Business Moves

Max Specialty, Guaranty Casualty Max Specialty Insurance Co., of Richmond, Virginia, the U.S. excess and surplus lines unit of Max Capital Group Ltd., reports it has acquired Commercial Guaranty Casualty Insurance Co., an insurance entity licensed to write business in …

Former Mississippi Risk Consultant to Repay $380K

The Mississippi Supreme Court has upheld a ruling that a former Hinds County risk management consultant must repay the county $380,000. Hinds County sued Shappley Harris for making changes in invoices from the Mississippi Municipal Association between 2002 and 2003. …

Hurricane Forecasts Have Limited Value for Planners, Insurers

They May Help the Public Think About Upcoming Storms But Forecasts Have Been Largely Misused by National Media, Says One Expert Each April, weather wizard William Gray emerges from his burrow deep in the Rocky Mountains to offer his forecast …

Florida Extends State Insurer’s Rate Freeze for Another Year

When the dust settled at the end of the 2008 legislative session, Florida lawmakers had presented their governor with a full plate of insurance issues, the most significant of which is a bill including a rate-freeze extension for state-run Citizens …