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

New Jersey Agents Applaud Broker Duty of Care Ruling in Hull Suit

Agents’ trade groups in New Jersey are praising a recent Garden State court decision that limits an agent’s duty of care when a client misrepresents himself. The ruling stems from a suit brought by Harbor Commuter Services, a ferry operator …

2008 Catastrophe Losses Already Exceed 2007; On Track to Pass 2006

A large number of exteme weather events pummeled the United States in the first half of the year, and worldwide 2008 may go down in history as a year with one of the highest number of natural catastrophe victims, according …

Tennessee Insurance Chief Files Building Code Emergency Rules

Leslie Newman, commissioner of the Tennessee Department of Commerce and Insurance, filed emergency rules with the Tennessee Secretary of State to allow building plans to be submitted and reviewed under either the 2003 Uniform Fire Code (NFPA 1) or the …

Legislators, Emergency Directors to Review, Revise Wis. Disaster Laws

A new panel of state lawmakers, relief workers and emergency directors will start meeting this month to streamline Wisconsin’s disaster statutes and clarify how the stte legislature should work if a crisis forces it to meet outside Madison. Wisconsin’s emergency …

Colo., Texas Lead the Top 10 Most Tornado Prone Areas

The rural area to the northeast of Denver, Colo., tops the nation when it comes to regions most prone to tornados, according to Boston-based CDS Business Mapping LLC, an online hazard mapping firm. The top 10 most tornado prone metro-areas …

Tulsa Has More Traffic Accidents Than Oklahoma City, Insurer Says

A report by an automobile insurer concludes that Oklahoma City drivers are less likely than Tulsa drivers to be involved in traffic collisions. “Its kind of weird,” Lt. Roger Bratcher of the Oklahoma City Police Department’s Traffic Fatality Unit said …

Oklahoma Governor Appoints 4 to Workers’ Compensation Court

Oklahoma Gov. Brad Henry has appointed four people to the state’s Workers’ Compensation Court. The three new members of the court are Robert Lake Grove of Oklahoma City, William R. Foster of Norman and Eric W. Quandt of Tulsa. Henry …

Indiana: Low Interest State Loans Offered to Farmers with Crop Damage

Indiana will use $50 million in state funds to help farmers get low-interest loans _ money they can use along with federal funds to restore their flood-damaged fields. The plan announced on July 2 would give banks incentives to provide …

Honda Civic, Accord Top 2008 List of Most Stolen Cars

The 1995 Honda Civic was the car stolen the most in 2007, according to “Hot Wheels 2008,” the National Insurance Crime Bureau’s (NICB) study that determines the vehicle make, model and model year most reported stolen each year. According to …

Actuaries Urged to Play Broader Role in Mergers, Acquisitions

Actuaries play a pivotal role in property/casualty insurance mergers and acquisitions, but they can make even larger contributions by taking a broader business approach, according panelists as the recent Casualty Actuarial Society Spring Meeting in Quebec City, Canada. Session moderator …