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

Common Insurance Mistakes Can Sink Boaters’ Finances

As Action on the Water Heats up, Here’s Some Advice Agents Can Offer Clients As boating season starts to heat up once again, independent agents across the country may see clients who are re-evaluating their boat insurance needs, and looking …

Delta Celebrates 50 Years

Some 50-year-olds may wish 50 really were the new 40, but for Delta General Agency Corporation turning 50 is a milestone the Houston-based insurance wholesaler is proud to celebrate. Formed in 1959 by Houston retail agent Avrohm Wisenberg as a …

Florida Gov. Crist Urged to Fire Insurance Chief McCarty

A state senator wants Florida’s insurance commissioner to resign, calling him “duplicitous and untrustworty” last week in a letter to Gov. Charlie Crist. If he won’t resign, Crist should fire him, wrote Sen. Mike Bennett, R-Bradenton. Bennett recently wrote Insurance …

24 The number of settlements being worked out of 27 lawsuits against Dr. John King, the one-time West Virginia osteopath at the center of scores of malpractice claims. A medical device maker, Biomet Inc., told shareholders it has reached agreements …

40% of Florida Home Carriers Losing Money Even With No Big Storms

With the start of the hurricane season just a few weeks away, a leading Florida consumer advocate joined independent agents at a press conference to warn that property insurance rates need to be raised if insurers are going to be …

Business Moves

AIG American International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi Building in …

People

Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the President for …

Miss. Attorney General Hood Keeps State Farm Deal Secret

Mississippi Attorney General Jim Hood has asked a court to block renewed efforts to make public a settlement agreement between his office and insurer State Farm Fire & Casualty Co. that was part of their feud over claims from Hurricane …

Investigators Aim to Catch Few Bad Apples in P/C Agent Ranks

As Economic Conditions Drive Up Fraud, Officials Hope to Prevent Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been rising – and they are on the …

Florida CFO Race Begins

Florida Senate President Jeff Atwater says he’s running for chief financial officer (CFO). The North Palm Beach Republican filed as a candidate just about a week after incumbent CFO Alex Sink, a Democrat, entered the 2010 governor’s race. Sink, in …