Monthly Archives: <span>June 2009</span>

People

Dallas-based Sleeper Sewell Insurance Services Inc. announced that Von Breaux is now responsible for leading the company as part of his duties as recently named president and CEO of ANBTX Insurance Services Inc. Sleeper Sewell is one of the operating …

It Figures

$9.3 Million An Arkansas lawyer who controlled an escrow account for a settlement in a case involving the Bisys Group Inc. insurance services firm has pleaded guilty to charges of stealing more than $9 million from the account. Lawyer Steven …

Crist Veto of Condo ‘Glitch’ Bill a Letdown for Unit Owners, Agents

Critics Say Florida Governor Let Fire Sprinkler Deadline Provision Overshadow Other Benefits Florida Gov. Charlie Crist’s veto of a condo insurance bill has disappointed condo unit owners and insurance agents who must comply with what they say is a costly …

Former Alabama Workers’ Comp Executive Goff Sentenced to 12 Years

A former Montgomery, Alabama insurance executive has been sentenced to 12 years in federal prison for mail fraud and embezzlement in his insurance business. U.S. District Judge Myron Thompson imposed the sentence on John Goff and ordered him to pay …

Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses

Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially massive claims dollars that could be paid out in litigation, settlement, and …

It Figures

10% The increase in Atlanta’s homeowners insurance rates that is possible unless the city hires more firefighters and improves fire training. Georgia Insurance Commissioner John Oxendine said a report by Insurance Services Office (ISO) that found Atlanta’s public protection classification …

Florida Cuts Workers’ Comp Rates After Lawyer Fee Cap Reinstated

Florida’s insurance regulator has approved a rollback of workers’ compensation insurance rates from April 1 rates to the lower rates that were in effect on Jan. 1. The order by Florida Insurance Commissioner Kevin McCarty came as a result of …

Latino Market Growing Twice as Fast as General Consumer Market

As their buying power nears $1 trillion, the 46 million Hispanics now living in the United States wield a powerful influence on the American consumer economy. Between 1995 and 2007, expenditures by Hispanic consumer units grew more than twice as …

Policy Translations Into Spanish Fraught with Potential Legal Issues

Warning: Errors or Omissions in Translating Can Invite Class Claims Against Insurance Providers A 2008 study by the Life and Health Insurance Foundation for Education found that Hispanics overwhelmingly consider it important to own life insurance, yet nearly half think …

Declarations

Travelers on The Dow “The selection of Travelers, a property and casualty insurance company, is intended to restore the financials industry to full representation in The Dow. When we removed American International Group, Inc. last fall, we substituted Kraft Foods, …