Monthly Archives: <span>September 2010</span>

Tennessee Suspends Roofer Who Promised Insurance Reimbursement

The Tennessee Board for Licensing Contractors has suspended the home improvement license of American Shingle LLC, a company whose sales strategy officials say has involved representatives driving through neighborhoods and promising homeowners insurance-reimbursed roof repairs or replacements. The company has …

Chartis Introduces Employment Edge, Employment Practices Coverage

Chartis has introduced Employment Edge, a new policy developed by its Executive Liability Division to address the full range of employment practices liabilities that companies face, including exposures arising from employee use of the Internet and social media. Chartis designed …

Florida Approves 10.3% Rate Hike for Citizens Property

Florida Insurance Commissioner Kevin McCarty has approved a statewide average homeowners insurance rate increase of 10.3 percent for policies written by the state-backed Citizens Property Insurance Corp. Citizens had filed for a 9.7 average increase but in his official order …

Connecticut Officials Ask Obama for Tornado Damage Aid

Connecticut’s congressional delegation is asking President Obama to reconsider the denial of federal aid for tornado-related damage in Fairfield County. The delegation wrote to Obama on Tuesday saying the Federal Emergency Management Agency’s rejection of the aid will deprive property …

Ike-Damaged School Districts in Texas Want Insurance Help

School districts affected by extensive property damage caused by Hurricane Ike in 2008 have seen their insurance premiums skyrocket and want the state to help pay for it. District officials in Galveston County have had discussions with state Reps. Craig …

IMS Acquires London American Risk Specialists

IMS Insurance Market Solutions has acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in the Southwest. “This combination …

Report: $4B in Tax Breaks for Illinois from Health Law

A consumer group says more than 1 million Illinois residents will be eligible for tax credits to offset the cost of health insurance starting in 2014. Families USA released the estimate in a report on how the new national health …

Northwest Ohio Users Group Named ASCnet Chapter of the Year

The Northwest Ohio ASCnet Users Group has been honored with the Applied Systems Client Network (ASCnet) 2010 Chapter of the Year Award. ASCnet Chapters Committee chair Dianna George, manager of Corporate Training and Personal Lines Underwriting for HUB International Ontario …

Texas Lawmaker Revives Disputed TWIA Information Request

A Texas state representative has issued a second request for information from the Texas Windstorm Insurance Association regarding a $189 million settlement in a class action lawsuit stemming from Hurricane Ike that was previously denied by a Galveston County district …

Michigan Officials Seek to Force Broker to Remit $1.3M Owed to Insurers

Michigan insurance officials have gone to court to force a Troy insurance broker to remit $1.3 million in premiums he owes to multiple insurance companies. The Office of Financial and Insurance Regulation (OFIR) has petitioned the Ingham County Circuit Court …