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

Sunset Report Says Texas Homebuilder Agency Should Go

The Texas Residential Construction Commission should be abolished because it is ineffective and frustrates homeowners trying to get builders to address defects in their homes, according to a state agency review. Created in 2003, the agency does not have the …

State Farm, Allstate Raising Auto Rates in Texas

Allstate and State Farm, two of the largest auto insurers in Texas, are raising their rates, saying the boost is needed to offset a rising number of claims. In filings with the Texas Department of Insurance, State Farm filed for …

Brown Smith Wallace LLC Adds Staff to Insurance, Reinsurance Group

Brown Smith Wallace, LLC recently announced it has added two new team members to the insurance and reinsurance services group, Nathan Carter and Nicole Galloway. Nathan Carter joins Brown Smith Wallace as a staff accountant in the Insurance and Reinsurance …

Hawaii’s Disaster Warning System To Get $8 Million Upgrade

Hawaii’s disaster warning system is getting an $8 million upgrade. The money will be used to upgrade existing Civil Defense sirens and to install new solar-powered sirens, with a focus on tsunami inundation zones. Gov. Linda Lingle said that the …

Florida Gov. Requests Federal State of Emergency as Fay Pours Down

As Tropical Storm Fay remains relatively static over northeast Florida, a tropical storm warning remains in effect from Fort pierce, Florida to the border between Georgia and South Carolina. Florida Gov. Charlie Crist requested a federal emergency declaration in a …

Burma Rights Group Says XL, Chubb to Withdraw; Chubb Cites ‘Inaccuracies’

The Burma Campaign UK, a human rights group, has issued a bulletin stating that XL and Chubb have separately announced their withdrawals from the Burmese market. The Campaign said the move was prompted by a bulletin it had released on …

International Chamber of Commerce is Pessimistic on Global Economy

The International Chamber of Commerce (ICC) reported from its Paris office that its “ICC/Ifo global climate index in July fell for the fourth consecutive quarter in a row since sentiment became downbeat last summer, recording its lowest level since 2001. …

Chinese Hurdler Liu Xiang Will Forgo Insurance Claim

Chinese hurdler Liu Xiang will not make a claim against a 100 million yuan ($14.5 million) insurance policy after an injury forced him to pull out of the Olympics, a team official said Wednesday. Ping An Insurance Co. issued the …

Hawaii Orders Liquidation of AG Airgroup Insurance

Hawaii Insurance Commissioner J.P. Schmidt has been authorized by the First Circuit Court of Hawaii to be liquidator of AG Airgroup Insurance Inc. According to court documents, AG Airgroup is insolvent and “in such condition that the further transaction of …

Insurance Information Network of California Expands Spanish-Language Resources

As the Latino population continues to grow in California, the Insurance Information Network of California IINC has made it a priority to reach out to Spanish-speaking consumers with helpful tips on shopping for insurance, understanding risk and its impact on …