Impact of Natural Disasters “I have witnessed first hand the impact natural disasters can have on a community and this state.” —Texas Rep. Craig Eiland, whose Galveston district was severely damaged Sept. 13, 2008, by Hurricane Ike. Eiland, along with …
Loss of Faith in Insurance Providers Would Affect Sales, Advocates Say Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in determining rates, …
0.08 Legislation that would lower the legal blood alcohol concentration limit for the offense of boating under the influence from 0.10 percent to 0.08 percent has been approved by the Oklahoma Senate. The measure also would prohibit children under the …
Fewer lawsuits are being filed against South Carolina doctors since a state law limiting damages went into effect in 2005. An insurance executive told a state Senate panel that patient claims are down about a third and premium increases have …
Richard G. “Dick” Clarke, senior vice president of J. Smith Lanier & Co. in West Point, Ga., has been elected 2009 president of RiskProNet International, a network of 25 independent insurance brokers in North America. Clarke is a veteran of …
Consumer Advisors See Pros and Cons to Internet; Role of Independent Agent Clouded By Commissions Insurance Journal spoke with some of the National Association of Insurance Commissioners (NAIC) consumer liaisons and found that in addition to credit scoring, their issue …
Florida lawmakers need to make some smart decisions on reducing the risk to Florida property owners from hurricanes, the state’s chief financial officer said. In a letter to legislative leaders, CFO Alex Sink said property owners cannot afford shocks to …
Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate With consumers’ credit scores dropping as lenders tighten credit terms, insurance consumer advocates are stepping up their criticism of the use of credit scores by insurance companies. …
State Farm Florida has appealed stipulations that Insurance Commissioner Kevin McCarty has put on its plan to withdraw from the state’s property insurance market. Florida’s second largest insurer of homes and other property filed an administrative appeal that argues McCarty …
The Mississippi Emergency Management Agency is discouraging people from purchasing Mississippi cottages for housing at an auction in Louisiana next month because the units were damaged by Hurricanes Gustav and Ike. MEMA Director Mike Womack cautioned potential buyers that these …
