IRS Issues Tax Guidance for Hurricane Victims, Extends Filing Deadlines
The Internal Revenue Service has issued guidance to assist Hurricane Katrina, Rita and Wilma victims claiming casualty and theft losses on their individual income tax returns. The IRS also extended filing deadlines for hurricane victims. The casualty and theft loss …
Brokers Support New Federal Bill to Reform Surplus Lines Insurance Regulation
In a step that is being applauded by insurance brokers, Reps. Ginny Brown-Waite, R-FL, and Dennis Moore, D-KS, have introduced federal legislation requiring states to establish a uniform system of regulation for the surplus lines industry. The new bill is …
Georgia Malpractice Premium Cuts Haven’t Panned Out
Despite promises that rising medical malpractice insurance rates would be suppressed under new state laws, many of Georgia’s insurers have hiked their premiums since the sweeping reforms took effect last year, according to an Associated Press analysis of state insurance …
Insurance, Other Goups Call For Elimination of Panhandle Carve-Out
Insurance and building safety groups are calling for Florida to end the exemption granted communities in the Panhandle Gulf Coast area from stricter building codes that are being enforced elsewhere in the state. The Tallahassee, Fla.-based Florida Insurance Council has …
New Markets
Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …
Swett & Crawford Names Moylan CFO
Swett & Crawford, based in Atlanta, Ga., has appointed James E. Moylan Jr. as chief financial officer. Moylan has extensive experience in strategic and financial management of public companies in business services, energy, manufacturing, and electronics. Formerly Moylan served as …
New Markets
Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …
Maine Employers Mutual Group’s Rating Affirmed
Insurance industry analyst A.M. Best this affirmed the rating of the members of The MEMIC Group. According to Best, Maine Employers’ Mutual Insurance Company (MEMIC) and The MEMIC Group remain “A” (Excellent) while subsidiary MEMIC Indemnity Company remains “A-” (Excellent). …
Alberto Moves Into Southern Georgia
After Tropical Storm Alberto moved inland this afternoon south of Tallahassee, Fla., with 50 mph winds and heavy rain it moved across Florida and is now buffeting southeastern Georgia with heavy rain. According to the National Hurricane Center in Miami, …
