Currents

Re-Conn.-ecting state’s residents with pride as insurance capital

In August, a dozen Connecticut insurance companies and associations launched a non-profit coalition to reconnect the state’s own residents with its sizable insurance industry. Insure Connecticut’s Future hopes that its efforts — from newspaper advertising to a new website, www.bestpolicy4CT.com …

Alabama coastal property owners face more insurer restrictions

Two of the Alabama’s largest insurance firms said they’re reducing coverage and increasing deductibles in Mobile and Baldwin counties, citing frequent hurricanes, coastal construction growth, lack of strong building codes and the cost of reinsurance. The insurers, State Farm Fire …

Why agents oppose contingent commission settlements

Imagine for a moment a state legislator introducing a bill that made it illegal for businesses to pay year-end bonuses to their sales forces. Then imagine that this piece of legislation also made it mandatory that all businesses provide written …

Why agents oppose contingent commission settlements

Imagine for a moment a state legislator introducing a bill that made it illegal for businesses to pay year-end bonuses to their sales forces. Then imagine that this piece of legislation also made it mandatory that all businesses provide written …

New Mexico appoints Chavez superintendent

The New Mexico Public Regulation Commission has given unanimous consent to the appointment of Morris Chavez as the superintendent of insurance. He replaces former Superintendent Eric Serna, who retired in May amidst allegations of improper activity. Chavez, who is currently …

Fla. gubernatorial candidates offer property insurance proposals

If he is elected governor, Democratic gubernatorial candidate Jim Davis says Florida homeowners would see lower property insurance rates as soon as next year and a guarantee of at least partial coverage by the state. Davis proposed creating a $20 …

It Figures

1,696 Insurance companies are the litigation champions, confronting an average of 1,696 lawsuits, spanning from product liability and environmental class actions to directors and officers claims, and even coverage fights over hurricanes and terrorist attacks, according to a new survey …

Making Hartford shine again as insurance capital

While other states from Minnesota to New Hampshire compete to attract the insurance sector by lowering premium taxes and extending incentives, Connecticut thinks it has the best offer: an unmatched talent pool of insurance managers, underwriters and actuaries. Connecticut government, …

Second association joins fight against Garamendi

The Alliance of Insurance Agents and Brokers, La Verne, Calif., is drafting a letter to the California Office of Administrative Law in support of the recent petition by IBA West over the California Insurance Commissioner’s attempt to set as precedent …

Miss. looks to speed delivery of Katrina housing grants

The state of Mississippi is trying to speed up the processing of housing grants to get checks faster to homeowners in Hurricane Katrina damaged areas, according to aides to Gov. Haley Barbour. “(Barbour’s) not happy about the slow pace of …

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