Currents

Independent agents score a victory on SB 2006

Independent insurance agents scored a victory in the Florida Legislature March 30 during the Florida Association of Insurance Agents Legis-lative “Fly-in,” as it was announced that SB 2006/HB 145, which repeals joint and several liability, was approved after a decades-long …

Construction, insurance, banking industries to develop moisture management standards

The PIA Western Alliance will be holding its second Moisture Management Summit in Irvine, Calif. with the goal of writing a public policy based on moisture management standards that have already been developed. The PIA’s goal is to take that …

Critics allege wind modelers following politics over science

Risk Management Solutions has defended its hurricane risk models in the face of consumer groups’ criticisms that the models are more political than they are scientific and that they are designed to justify insurance premium increases. RMS declined to address …

Southeast states lagging in legal system fairness rankings by Chamber of Commerce

Southeast states didn’t fare well in the latest U.S. Chamber of Commerce ranking of states’ civil justice systems. North Carolina came in as number 10 in the top 10 favorites; while West Virginia was at the bottom of the list. …

Utah city expects $2.5 million fire insurance settlement

Ogden, Utah, officials are expecting a $2.5 million insurance settlement for a fire that destroyed a building the city had offered for sale at a fraction of that amount. The cause of the March 11 fire that destroyed the 100-year-old …

States balk at growing trend of federal preemption

The federal versus state insurance regulation debate just beginning to heat up in Washington is part of a larger debate that has been taking place across the country. “Federal preemption of state authority is a growing concern,” said Georgia Senator …

Dale expands Miss. hurricane mediation program

Of the 165 conferences scheduled since mid-February, Dale said 103 were settled before the conference was held, 42 were settled at the meeting and 20 reached impasses. Mississippi Insurance Com-missioner George Dale has expanded the Hurricane Katrina mediation program for …

Safeco considering internet-based auto insurance sales

Seattle-based property and casualty insurer Safeco is considering direct marketing its automobile insurance business over the Internet to reach additional consumers that do not like to deal with middle-men and do not like to purchase insurance through agents. According to …

Northeast states fair well in legal system fairness rankings by Chamber of Commerce

Northeast states fared fairly well in the latest U.S. Chamber of Commerce ranking of states’ civil justice systems, with several in the top 10 favorites. The survey ranks states from best to worst on legal fairness based on a survey …

Director Kitzman encourages S.C. competition; expected policy cutbacks never occurred

What has happened with auto insurance rates in South Carolina should be the ‘gold standard’ for what can be accomplished with other types of insurance,” Elanor Kitzman, South Carolina Director of Insurance told the Independent Insurance Agents and Brokers of …

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