Issues Addressed “This legislation addresses a number of issues that have made it tough for insurance companies to remain engaged along the Texas coast, making it difficult for citizens to get the windstorm coverage they need and exerting upward pressure …
As Florida has been confronting its state’s underfunding for catastrophes, North Carolina is also grappling with how to fill the gap between potential liabilities and available monies for its market of last resort for coastal property insurance, the Beach Plan. …
In May, when Gov. Charlie Crist vetoed a bill (SB 714) to fix a glitch in the state’s condominium insurance laws because he did not like a minor fire sprinkler provision in it, a frustrated Jeff Grady, president of the …
Jeffrey A. Vanderpool has been promoted to senior vice president and chief claims officer at Sunshine State Insurance Co. in St. Augustine, Fla. Vanderpool has served as vice president of caims since he joined the insurer in 2003. Prior to …
After Florida limited the fees insurers had to pay to attorneys in workers’ compensation cases in 2003, attorney involvement in cases fell only slightly, according to new research. In fact, a significant proportion of Florida workers injured at work were …
2.4% The average hike in auto insurance rates in Georgia this year. That compares to an average 5 to 11 percent hike for homeowners insurance. Georgia Insurance Commissioner John Oxendine said that in other states rates have gone up by …
Diminishing Choices “At a time when insurance rates have stabilized and at a time of economic uncertainty for many people, this bill would have further diminished affordable choices for Floridians and would have eventually dumped more policies into the state-run …
Slow and Uneven “We will not wake up one morning and say thank goodness this crisis is over. It will be slow. It will be uneven. It will be two steps forward and one step back. That’s how recoveries are.” …
Indiana ordered Elk Grove Village, Ill.-based auto insurer Universal Casualty Company (UCC) to stop writing new policies in the state until the company can demonstrate “improved business practices,” according to the Indiana Department of Insurance (IDOI), which fined the company …
Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company has named new managers in various divisions. Robert (Bob) A. Bachtell is claims manager for State Auto’s Ohio region. Bachtell joined Midwest Security Insurance Company …
