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

Abram Interstate Offers New Market for General Contractors

Abram Interstate Insurance Services Inc. in Rocklin, Calif., is offering a new program for general contractors. Custom tailored coverage for residential and commercial projects is available. ACORD 125, 126, and contractor’s supplement are required for a quotation. Occurrence form is …

New York Agents Support Expansion of Excess & Surplus Export List

Insurance agents and brokers in New York have called upon state officials to ease the rules for how agents obtain coverage for some high-risk policies. The Excess Line Association of New York has proposed adding dozens of new policy-types – …

Florida Insurance Commissioner Praises Mandatory Arbitration Ban

Florida Insurance Commissioner Kevin McCarty welcomed the First District Court of Appeal’s decision affirming the Office of Insurance Regulation’s denial of United Insurance Company of America’s request to include a mandatory arbitration clause in its life insurance contracts. Arbitration would …

Georgia Insurance Commission Unveils New Web Site

Georgia Insurance and Safety Fire Commission launched an improved and redesigned version of its Web site, making it more navigable and user friendly, said Insurance Commissioner John W. Oxendine. Consumers can find information on a variety of insurance topics, e-mail …

Medical Group, West Virginia Gov. Anger DuPont Plaintiffs in $400M Verdict

The plaintiffs who won a nearly $400 million verdict against DuPont say West Virginia Gov. Joe Manchin and that state’s Medical Association should butt out of the appeal. DuPont lost a lawsuit over its handling of pollution and health threats …

Insurers Say Major North Carolina Storm Could Cost Billions

Insurance companies say a major hurricane could lead them to pass billions of dollars in charges to homeowners across North Carolina because a state-created coastal insurance plan is underfunded. The News & Observer of Raleigh reports that North Carolina’s Beach …

Mold Found in FEMA Mobile Homes in Indiana, Iowa

The discovery of mold in federally provided mobile homes sheltering Indiana and Iowa flood victims has prompted new anger and frustrations for those who have lost their houses. The Federal Emergency Management Agency (FEMA) has notified those residing in FEMA-provided …

Federal Disaster Loan Deadline Looms in West Virginia

The application deadline for federal disaster loans is approaching for businesses and people hurt by severe weather in a dozen West Virginia counties last month. The U.S. Small Business Administration says applications are due Aug. 19 for damage caused by …

Price a Sticking Point for Bermuda Insurers Looking to Buy Entry into Lloyd’s Market

A handful of Bermuda insurers see an opportunity to expand their horizons by entering the Lloyd’s of London insurance market, but their interest of late has waned as prices of potential target companies have risen. The dearth of activity is …

Louisiana Governor Seeks Disaster Status for May Storm Damage

After a rejection in June, Louisiana Gov. Bobby Jindal has again asked for the president to declare Caddo, Bossier and six other parishes federal disaster areas because of storms in May. Wind and rain caused more than $4 million in …