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

Florida Rejects Farm Bureau 30% Property Insurance Rate Hike Again

Florida Insurance Commissioner Kevin McCarty has officially adopted the ruling of an administrative law judge who rejected a 30.3 percent property insurance rate increase sought by Florida Farm Bureau. “Rulings like this, and the one we received on the Hartford …

California Workers’ Comp Insurer Extends Credit to Wildfire Victims

California State Compensation Insurance Fund announced that it will extend credit to policyholders who have suffered a financial loss or business disruption caused by the hundreds of wildfires burning throughout California. Most fires sparked by lightning, in one of the …

Chicago’s Specialty Underwriters Again Rejects Buyout Bid by Hallmark

Chicago-based Specialty Underwriters’ Alliance, Inc. (SUAI) today announced that it has responded to a letter, dated July 1, 2008, from Hallmark Financial Services, Inc. (“Hallmark”) in which Hallmark stated that it was reaffirming its conditional proposal to acquire all the …

Prosecutors Seek Joint Trial for La. Lawmaker Linked to Insurance Scam

A Louisiana state senator should be tried alongside the woman he allegedly helped launder money to hide her illegal operation of an insurance business, prosecutors argue in court papers filed June 30, State Sen. Derrick Shepherd, D-Marrero, had asked a …

Woodlands Financial Group to Acquire Austin Indemnity Lloyds Policies

The Woodlands Financial Group (TWFG) and Austin Indemnity Lloyds Insurance Company (AILIC) announced that TWFG will acquire the renewal rights of the personal lines homeowners business of AILIC, effective Aug. 15, 2008. TWFG General Agency, a subsidiary of TWFG, will …

Crump Rebrands BISYS Specialty as Five Star Specialty Programs

BISYS Specialty Programs, a division of BISYS Commercial Insurance Services, has changed its name to Five Star Specialty Programs, a division of Crump Insurance Services, Inc. The change is part of the consolidation of its operations with Crump Insurance Services, …

N.D. Surpreme Court Revives Workers’ Comp Charges Against Former Director

North Dakota’s Supreme Court revived two felony charges on June 30 against a former state workers’ compensation director, saying prosecutors may put him on trial for allegedly misspending more than $18,000 in agency funds. Sandy Blunt was forced out as …

Alabama Beach Pool Offers Insurance Breaks for Fortified Building

The Alabama Insurance Underwriting Association (AIUA), commonly known as the Beach Pool, is implementing new discounts to help coastal Alabama policyholders reduce their insurance premiums for windstorm coverage. The Beach Pool discounts will apply to homes built to the Fortified…for …

Nebraska Beef Recalls 532,000 Pounds of Ground Beef

With the thought of hamburgers sizzling on the grill for the July 4 holiday, recalled beef is not a welcome message. But the reality is that Nebraska Beef Ltd. is recalling nearly 532,000 pounds of ground beef produced in the …

Allstate Study: Sioux Falls Safest Driving City for Third Year

An insurance study has once again found that Sioux Falls has the safest drivers in the nation, marking the third straight year that South Dakota’s largest city has topped the list. Researchers with Allstate Insurance Co. analyzed two years of …