Hawaii News

Family Health Insurance Premiums Seen Rising 94% by 2020

Nationally, family premiums for employer-sponsored health insurance increased 119 percent between 1999 and 2008, and could increase another 94 percent to an average $23,842 per family by 2020 if cost growth continues on its current course, according to a new …

Insurance for Homes Near Hawaii Volcano Costly, If It’s Available

Living in Hawaii on the slope of one of the most active volcanos in the world can be expensive when it comes to homeowners insurance. Wendy Ford is losing her policy this month because her insurer, Liberty Mutual Fire Insurance …

Foronda Named National Outstanding CSR of the Year

Ronie Foronda, account manager for Finance Insurance Ltd., in Honolulu, Hawaii, has been awarded the 2009 National Outstanding CSR of the Year Award. The Society of Certified Insurance Service Representatives (CISR) and the Society of Certified Insurance Counselors (CIC) selected …

National Interstate Expands Program for Large Transportation Clients

National Interstate Insurance Company, a Richfield, Ohio-based provider of captive insurance for the transportation industry, has been expanding its Large Account Rental Captive (LARC) program. The LARC program is part of the company’s Alternative Risk Transfer component and provides an …

Felica Weakens to Tropical Storm; Flooding Possible

The National Hurricane Center has downgraded Felicia, which was a hurricane headed toward Hawaii last week, to a tropical storm. A tropical storm watch remains in effect for the islands of Oahu, Hawaii, Maui, Kahoolawe, Lania nad Molokai, sparing Kaui. …

Hurricane Felicia Weakened to Category 2

As predicted, the National Hurricane Center said Hurricane Felicia that is headed toward Hawaii is weakening. The Center has downgraded the hurricane to a category two, and said maximum sustained winds are at 100 mph and the storm is moving …

Hurricane Headed for Hawaii; Typhoon Could Strike Taiwan

In the eastern Pacific, Hurricane Felicia is moving towards Hawaii. As of the National Hurricane Center’s 11:00 EST advisory on Thursday, Hurricane Felicia — currently at category 4 strength — is in the Eastern Pacific 1545 miles southeast of Hilo, …

Why Bankruptcy Rates Vary By State

State Policies, More Than Differences Among People, Tend to Influence Bankruptcy Rates Twenty-four percent of agents and brokers have had business customers go into bankruptcy in the past two years; another 24 percent have had customers file for personal bankruptcy, …

Business Moves

SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team that formed Universal Surety …

Top 20 Banks in Insurance Brokerage Fee Income

Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com 2 $860.00 million Citibank, National Association Las …