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

Online Insurance Leads can help you Grow

Are you an insurance agent who is having a difficult time growing sales and profits? If so, you may not be looking in the right place. Have you ever considered what online insurance leads have to offer? If you have …

Court: Insurer Has Right to Reimbursement for Settlement Monies

A federal district court in Nevada has ruled that an insurer has a right to reimbursement for settlement monies paid for non-covered damages. In Great American Insurance Company of New York v. Vegas Construction Company, Inc. et al., the court …

State Farm to Drop Coastal Policies, Raise Rates in Mississippi

The State Farm Fire and Casualty Co. filed intentions with the Mississippi Insurance Department to non-renew all Mississippi homeowners policies for customers living within 1,000 feet of the Gulf of Mexico. State Farm spokesman Fraser Engerman said the action involves …

Midwest Flooding Forces Evacuations, Bridge Closings, Business Shutdowns

Flooding rivers across Iowa forced residents to evacuate, closed businesses, wrecked stores and shut down highways and barge traffic, authorities said Thursday. Iowa Gov. Chet Culver said storm and water damage to infrastructure will be in the hundreds of millions …

Olympus Insurance Decreases Homeowners Rates in Florida

Olympus Insurance Co. of Orlando, Fla., lowered its homeowners insurance rates, most notably in inland counties and for newer homes. The lower rates will have greatest effect on 33 inland counties across Northern and Central Florida. Base rate decreases apply …

Rocky Mountain Insurance Asssociation Cautions Against Scams Following Tornado

Colorado consumers need to be aware of an insurance scam that appears to be operating in the aftermath of the Windsor tornado, according to the Rocky Mountain Insurance Information Association. In one case reported to the association, the would-be victim …

RMS To Offer Catastrophe Updates Online

Newark, Calif.-based Risk Management Solutions (RMS) has launched an initiative to keep businesses informed of the impact of catastrophic events by making its expert analysis publicly available on its Web site. The RMS Cat Updates service, which has provided the …

Colorado Approves Auto Insurance Med Pay Bill, ‘Bad Faith’ Bill

Colorado Gov. Bill Ritter has signed Senate Bill 11, which creates rules concerning funding for the provision of uncompensated trauma care to persons injured in motor vehicle accidents, and House Bill 1407, allowing the insurance commissioner to increase the penalties …

Mercury Provides California Policyholders $61 Million Rate Reduction

George Joseph, founder and chairman of Mercury General Corp. announced the company has filed for and was approved for a 33 percent rate reduction for homeowners and 10 percent rate reduction for renters insurance policyholders in California. State Insurance Commissioner …

Kansas Insurance Department Offers Assistance to Disaster Victims

Kansas Commissioner of Insurance Sandy Praeger said today insurance information for recent disaster victims in northern Kansas is available from the Kansas Insurance Department’s Consumer Assistance Hotline, 800-432-2484. “The department’s Consumer Assistance Division is prepared to answer consumer questions and …