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

Love of Language Leads Enterprising Agent into Successful Niche Market

At first glance, Kathryn Soderberg would seem an unlikely candidate for an insurance agent whose expertise in marketing to Hispanic customers lands her gigs on radio talk shows and leading Hispanic market training sessions for large insurance companies. Soderberg, president …

Web Site Estimates Damages if Old Storms Returned Today

This month marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in 2005 in what was …

It Figures

1,201 The Texas Department of Insurance received 1,201 justified complaints out of nearly 900,000 claims originating from Hurricanes Ike and Dolly in 2008. These complaints represent less than one quarter of 1 percent of consumers who reported problems with their …

Supporters See $40 Million in Mississippi Windpool Subsidies As Economic Stimulus

Mississippi Gov. Haley Barbour has signed legislation to help control insurance costs for coastal property owners. Business supporters of the bill contend it will also serve as an economic stimulus. The bill appropriates $40 million for the state run windpool …

Business Moves

Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of its largest subsidiary, MacNeill …

Web Site Estimates Damages If Old Hurricanes Were to Return Today

This month marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in 2005 in what was …

Buying D&O Insurance on Price Alone: Careless

Most reasonably sophisticated consumers understand that the cheapest running shoes may be no bargain, that the least expensive cellular plan may have big gaps, and that selecting legal counsel based on which attorney charges the least is fraught with peril. …

Tennessee Mandates Building Code

Gov. Phil Bredesen has signed a measure enacting a minimum residential building code across Tennessee. The bill took effect July 1. Under the law, local governments in the 60 counties that don’t have building codes have to vote against participating …

Declarations

Patterson Launch “Floridians deserve to have a choice in this election. With me, they’ll get someone who has spent a lifetime educating and advocating for consumers, and someone who understands that we can’t just sit idly by while our state …

Florida’s Citizens Rate Hikes Fall Short of Industry Hopes

After three years of no increases, Florida’s Citizens Property Insurance Corp. is about to hike premiums up to 10 percent for many of its policyholders, although not for as many as some insurance insiders and actuaries think it should. Rates …