Flood Insurance News

Transitions … from judge to regulator, from regulated to competition

Massachusetts Insurance Commissioner Nonnie Burnes has taken on the minefield of private passenger auto insurance, overseeing a transition from a highly-regulated rating system to one under which insurance companies are to have some flexibility in the prices they charge, a …

Rep. Frank: 120-Day extension for TRIA possible

The key House leader on insurance issues says he will push for a 120-day extension of the federal terrorism reinsurance program that expires at year’s end rather than simply accept the Senate bill that is narrower in scope than the …

Fires Over, But Calif. Should Assess Flood Risks

Trusted Choice agents, along with the Independent Insurance Agents & Brokers of America (the Big “I”) and IBA West, have teamed up to aid California residents in need in the aftermath of the devastating wildfires. While the Southern California wildfires …

House Leader: 120-Day Extension for Federal Terrorism Insurance Possible

A key House leader says he will push for a 120-day extension of the federal terrorism reinsurance program that expires at year’s end rather than simply accept the Senate bill that is narrower in scope than the House bill. Rep. …

S.C. chief urges hurricane damage formula – before storms hit

News Currents South Carolina Insurance Director Scott Richardson is proposing a loss-allocation method that he hopes will alleviate any confusion between water damage and wind damage the next time a hurricane reduces buildings to concrete slabs. Concern about ongoing Katrina …

Surplus lines execs search for common ground

News Currents The independent nature of surplus lines professionals was readily apparent when a panel of industry executives gathered to discuss current issues at the recent National Association of Surplus Lines Offices convention, held in New Orleans in early October. …

News Currents

Surplus lines execs search for common ground The independent nature of surplus lines professionals was apparent when a panel of industry executives discussed current issues at the recent National Association of Surplus Lines Offices convention, recently held in New Orleans. …

U.S. Attorney Seeks Computer Hard Drive in Mississippi Katrina Probe

An engineering firm that helped adjust insurance claims on the Gulf Coast after Hurricane Katrina is seeking to block an employee’s computer hard drive from being turned over to a federal grand jury in Mississippi. Forensic Analysis & Engineering Corp. …

Rocky Mountain Insurance Information Association Offers Fire Safety Tips

The wildfires burning out of control in Southern California should sound an alarm for homeowners to prepare for disasters before they strike. Homeowners need to have an evacuation plan in place and make sure they have insurance protection for their …

La. Whistleblower Lawsuit Against Insurers Tossed Out

A federal judge on Wednesday threw out a so-called “whistleblowers”‘ lawsuit that accuses insurance companies of overbilling the federal government for Hurricane Katrina’s flood damage to Louisiana homes. Allan Kanner, the New Orleans-based attorney who filed the suit on behalf …