Washington Gov. Chris Gregoire has Senate Bill 5417, an act relating to flood insurance coverage. According to the law, “every insurer issuing a homeowner, condominium unit owner, residential tenant and residential fire insurance policy that does not cover damage caused …
At first glance, it seems like Gina Russo’s new Las Vegas agency, Trenchant Insurance Co., has three strikes against it. First, Russo is a woman operating in a male-dominated industry. Second, she’s only 27 years old, although she has eight …
Red River Floods “The magnitude of the expected flooding has not been seen in several years.” The National Weather Service as North Dakotans prepared for spring flooding along the Rd River Basin. Officials in Fargo and Grand Forks began ordering …
Bankruptcy No Barrier “It occurs to me that you’ve structured your affairs so that your creditors would have great difficulty in reaching into your income as a doctor.” —U.S. Bankruptcy Judge Thomas Bennett in ruling that former West Virginia physician …
Consumer Advisors See Pros and Cons to Internet; Role of Independent Agent Clouded By Commissions Insurance Journal spoke with some of the National Association of Insurance Commissioners (NAIC) consumer liaisons and found that in addition to credit scoring, their issue …
Loss of Faith in Insurance Providers Would Affect Sales, Advocates Say Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such issues as the use of credit scores in determining rates, …
Impact of Natural Disasters “I have witnessed first hand the impact natural disasters can have on a community and this state.” —Texas Rep. Craig Eiland, whose Galveston district was severely damaged Sept. 13, 2008, by Hurricane Ike. Eiland, along with …
A Cedar Rapids corn milling company is suing a unit of insurance giant AIG and another company, accusing them of acting in bad faith for refusing to pay flood insurance claims. Penford Products Co. is one of many eastern Iowa …
Keeping Homes Afloat “PCI applauds Congress for acting to keep the National Flood Insurance Program in place. Allowing the program to expire would have very negative consequences for policyholders and also for the nation’s economy. Most home buyers use federally …
State Farm Fire and Casualty Co. Nevada Insurance Commissioner Scott J. Kipper has approved a rate change for homeowners insurance premiums as filed by State Farm Fire and Casualty Co. The rate change will become effective on April 1, 2009, …
